Next Week

February 19, 2016

Central Bank Activity:  Interest rate policy meetings in Israel, Hungary, and Turkey.  Officials speaking in public:  Debelle of Reserve Bank of Australia; Praet, Nouy and Lauteuschlager of the ECB; Kiuchi of Bank of Japan; Jordan of the Swiss National Bank; Bullard, Lockhart and Williams of the Federal Reserve; and Schembri of the Bank of Canada.

Holiday:  Australia Day on Friday.

31st Anniversary of Dollar Peak:  The dollar’s strongest value in the era of floating exchange rates was set on February 26, 1985.

Scheduled U.S. Data:  Revised 4Q GDP, durable goods orders, existing and new home sales, the FHFA house price index, the Case Shiller house price index, the Kansas City Fed and Richmond Fed manufacturing indices, the U. Michigan and Conference Board measures of consumer sentiment, personal income, spending and saving, the Chicago Fed National Activity Index, a preliminary estimate of the purchasing managers survey compiled by Markit Economics, and the usual weekly observations of jobless insurance claims, consumer comfort, chain store sales, mortgage applications and energy inventories.

Japanese Statistical Releases:  Small business sentiment, consumer prices, supermarket sales, corporate service prices, index of leading economic indicators, and preliminary manufacturing purchasing managers index.

Other Selected Asia Indicators:  Chinese property prices and business sentiment.  Hong Kong, Singaporean, and Malaysian consumer prices.  Hong Kong and Singaporean GDP.  Thai, Filipino, and Hong Hong trade balances.  Indian index of leading economic indicators, South Korean consumer confidence, and Hong Kong GDP.

Euroland:  Preliminary estimates of manufacturing and service-sector PMIs.  Consumer prices, money and credit growth, business and consumer confidence, and index of leading economic indicators.

Members of the Eurozone:  German and French PMI surveys.  German GDP, unemployment, import prices, consumer confidence, and IFO business climate index.  French GDP, business and consumer confidence, PPI, consumer spending, and index of leading economic indicators.  Italian CPI, industrial orders, retail sales, consumer and business sentiment, and wage growth.  Spanish GDP, CPI, and PPI.  Dutch and Belgian business sentiment.  Austrian manufacturing PMI, industrial production and CPI.  Portuguese current account, business confidence and consumer sentiment.  Irish PPI and Finnish unemployment.  Cypriot consumer prices and industrial production.

U.K. and Switzerland:  The CBI surveys of British industrial trends and distributive trends.  British GDP, mortgage applications, shop prices, consumer confidence, and Nationwide house price index.  Swiss producer prices, import prices, money growth, consumer prices, industrial output, and UBS consumption indicator.

Nordic Europe:  Swedish and Danish retail sales.  Icelandic wages and consumer prices.  Swedish producer prices, trade balance, and consumer sentiment.  Norwegian unemployment.

Czech Republic:  PPI and both consumer and business sentiment.

Australia and New Zealand:  Australian consumer confidence, money and credit growth, and quarterly business investment and labor costs.  New Zealand trade balance.

Turkey and South Africa:  South African unemployment, PPI, and index of leading economic indicators.  Turkish industrial production.

Brazil and Mexico:  Brazilian and Mexican unemployment and current accounts.  Brazilian consumer sentiment.  Mexican retail sales, GDP, and trade balance.

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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