Next Week

February 27, 2016

G20 Summit:  The two-day gathering in Shanghai of finance ministers and central bank chiefs ended February 27 and reportedly focused on a slew of shared problems such as insufficient global demand, Europe’s flood of refugees, the possibility of Britain leaving the European Union, the impact of negative interest rates in several economies and U.S. monetary policy normalization, various geopolitical strains, China’s growth slowdown, and currency swings.

Central Banks:  Interest rate policy meetings are scheduled this coming week in Brazil and Australia.  The Fed Beige book will be released.  Lautenschlager and Coeure of the ECB Governing Council speak publicly.  So does Bank of Japan Board member Nakaso.

Leap Day:  Monday is February 29, a once in four-year occurrence.

Super Tuesday:  More than 10 U.S. states hold primaries on March 1 with a slew of delegates for both the Republican and Democratic Party presidential nominations at stake.

Purchasing Managers Surveys:  Manufacturing PMIs for Japan, China, India, Indonesia, Vietnam, Malaysia, South Korea, Singapore, Hong Kong, South Africa, Taiwan, Euroland, Germany, Greece, France, Ireland Italy, The Netherlands, Spain, Ireland, Russia, the Czech Republic, Poland, Hungary, Turkey, Britain, Sweden, Norway, Switzrland, Brazil, Canada, the United States, and Mexico.  Non-oil private PMIs for Saudi Arabia, Egypt, the U.A.E., and Lebanon.  Retail PMIs for the eurozone, Germany, France, and Italy.  Construction PMIs for Britain, Germany and Australia.  Service-sector PMIs for Japan, China, Russia, the U.S., Great Britain, Italy, Spain, India, Australia, Brazil, Ireland, Germany, France, Italy, and the eurozone.

Scheduled U.S. data releases:  Monthly Labor Department jobs and unemployment data, productivity, unit labor costs, pending home sales, construction spending, the Dallas Fed manufacturing index, the New York, Chicago, and Milwaukee PMIs, ADP’s estimate of private employment, factory orders, the IDP/TIPP optimism index, the trade deficit, auto sales, and weekly jobless insurance claims, chain store sales, consumer comfort, energy inventories, and mortgage applications.

Japanese Statistics:  Retail sales, industrial production, housing starts, construction orders, unemployment, real household spending, corporate profits, labor cash earnings and the monetary base.

Selected Other Asian economic Indicators:  Thai, Singaporean, Filipino, Indonesian and South Korean consumer prices.  Thai and South Korean industrial output.  Malaysian, Thai, and Singaporean trade balances.  Filipino and Singaporean producer prices.  South Korean business sentiment and Chinese index of leading economic indicators.  Thai current account and consumer sentiment.

Euroland:  Unemployment, PPI, retail sales and CPI.

Members of the Eurozone:  German retail sales, import prices and unemployment.  Italian, Greek, Portuguese, Belgian and Austrian GDP.  Italian and Cypriot CPI.  Austrian, Cypriot and Greek PPI.  Italian and Austrian unemployment.  Greek retail sales and Spain’s current account.

U.K. and Switzerland:  British Nationwide and Halifax house price indices, car sales, and expected inflation.  Swiss retail sales, GDP and index of leading economic indicators.

Nordic Europe:  Finnish and Swedish GDP.  Swedish industrial production and Norway’s current account.

Eastern Europe:  Polish and Czech GDP.  Romanian producer prices.

Canada and Brazil:  Canadian current account, PPI, trade balance, productivity, unit labor costs, GDP and IVEY-PMI.  Brazilian trade, producer prices, GDP and industrial production.

Australia and New Zealand:  Australian trade balance, retail sales, new home sales, GDP, current account, expected inflation and corporate profits.  Australian and New Zealand money and credit growth.  New Zealand business sentiment.

South Africa and Turkey:  South African money and credit growth, trade balance and GDP.  Turkish trade, CPI and PPI.

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



Comments are closed.