Next Week

April 29, 2016

Purchasing managers surveys, holiday closures and U.S. labor statistics will dominate the first week of May.

PMIs:  A slew of them will be released, covering manufacturing, service sectors, construction and retail trade activity.  Multiple reports will be released every day of the week.

Central Banks:  Monetary policy meetings in Australia, Mexico, the Czech Republic and Romania.  Australia’s central bank releases its quarter statement on monetary policy.  Dudley, Bullard, Williams, Mester, Kashkari, and Lockhart of the Federal Reserve speak publicly.  So do the heads of the Swiss National Bank and Bank of Canada.

Event:  Indiana presidential primary could be the Republican Party establishment’s last stand.

Holidays:  Japan’s Golden Week (Constitution Day on Tuesday, Greenery Day on Wednesday and Children’s Day on Thursday).  Early spring bank holiday in U.K., Greek Orthodox Easter and Labor Day (May Day observance) in some countries on Monday.

U.S. Data Releases:  Unemployment, jobs growth, average hourly earnings, ADP estimate of private employment, the trade deficit, construction spending, NAPM New York PMI, IBD/TIPP optimism index, factory orders, consumer credit, and weekly jobless insurance claims, chain store sales, mortgage applications, consumer comfort and energy inventories.

Euroland: Producer prices, retail sales, and a whole lot of purchasing manager reports.

Members of the Eurozone:  French and Greek trade balances.  Irish and Cypriot consumer prices.  Spanish and Irish industrial production.  French current account.

U.K. and Switzerland:  British car sales, shop prices and Halifax house price index.  Swiss retail sales and consumer sentiment.

Eastern Europe:  Hungarian, Czech and Romanian retail sales.  Russian CPI, Romanian PPI, and Hungarian industrial output.

Nordic Europe:  Swedish and Danish industrial production.

Selected Asian Statistics:  Japanese monetary base.  South Korean and Chinese current accounts.  South Korean, Thai and Filipino consumer prices.  Filipino and Thai producer prices.  Hong Kong retail sales and Malaysian trade balance.

Australia, New Zealand and Turkey:  Australian business confidence and conditions, building permits, new home sales, retail sales and trade balance.  New Zealand’s first-quarter labor statistics, and Turkish consumer and producer prices.

Canada and Latin America:  Canadian trade, Mexican consumer confidence, and Brazil’s CPI and industrial production.

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



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