Next Week

March 11, 2016

U.S. Clocks Spring One Hour Forward to Daylight Savings Time:  Time in New York shifts to a 13-hour difference with Tokyo, a 4-hour difference with London and a 5-hour spread with Paris, Brussels, and Frankfurt.

British Annual Budget: Presentation on Wednesday.

Central Bank Beat:  Interest rate policy meetings scheduled in the United States, Japan, the U.K., Switzerland, Iceland, Colombia, Chile, Norway, Indonesia, Serbia, South Africa, Russia and Mexico.  The FOMC will release new forecasts and hold a press conference.  Dudley, Rosengren, Yellen and Bullard of the Fed speak publicly.  So do Reserve Bank of New Zealand Governor Wheeler and Bank of Japan Governor Kuroda.

Scheduled U.S. Economic Data Reports:  Retail sales, industrial production, capacity usage, consumer prices, producer prices, the NAHB housing index, the Philly Fed and Empire State manufacturing indices, housing starts, building permits, the JOLTS index of labor hirings and separations, the U. Michigan index of consumer sentiment, the index of leading economic indicators, the Treasury-compiled capital flow data, the quarterly current account, and weekly chain store sales, jobless insurance claims, mortgage applications, energy inventories and consumer comfort.

Japan:  Machinery orders, machine tool orders, revised industrial output, capacity usage, the tertiary index, customs trade, and department store sales.

China:  Retail sales, industrial production, fixed asset investment, and property prices.

Selected Other Asian Data:  Indonesian, Indian and South Korean trade.  Indian wholesale prices and Hong Kong producer prices.  South Korean and Hong Kong unemployment.  Singapore retail sales, the Filipino current account and Hong Kong unemployment.

Australia and New Zealand:  Australian employment, unemployment, financial stability review, auto sales, and Westpac index of leading economic indicators.  New Zealand job ads, GDP, current account, consumer sentiment and service-sector purchasing managers index.

Euroland:  Industrial production, trade, construction output, CPI, quarterly labor costs and jobs growth.  European Union car sales.

Members of the Eurozone:  French, Italian, and Finnish consumer prices.  Dutch and Belgian consumer confidence.  Finnish and Portuguese current accounts.  German PPI and index of leading economic indicators.  Irish construction PMI.  Dutch retail sales, trade balance and unemployment.  Finnish GDP.

Great Britain and Switzerland:  U.K. labor statistics, Rightmove house price index, and index of leading economic indicators.  Swiss producer prices and import prices.

Nordic Europe:  Danish PPI and consumer confidence.  Swedish unemployment and CPI.

Eastern Europe:  Czech retail sales and current account.  Romanian, Polish and Czech industrial production.  Polish current account and PPI.

Canada:  Retail sales, wholesale turnover, consumer prices, manufacturing sales and orders, and existing home sales.

Mexico and Brazil:  The Mexican and Brazilian indices of leading economic indicators.

South Africa and Turkey:  South African consumer prices and wholesale turnover.  Turkish unemployment.

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



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