Next Week

June 17, 2016

Special Events:  Local Italian election in Rome on Sunday, June 19 and British referendum on Brexit on Thursday, June 23.

Holiday:  Greece on Monday for Holy Spirit Day.

Central Banks:  Janet Yellen, Chair of the Federal Reserve, gives semi-annual testimony (known formerly as Humphrey-Hawkins) before the Senate Banking Committee on Tuesday and House Financial Services Committee on Wednesday.  Interest rate policy meetings in Norway, The Philippines, Thailand, Turkey, Colombia and Ukraine. Policy meeting minutes to be released in Japan and Australia.  Nakaso and Kiuchi of the Bank of Japan speak publicly as does Kaplan of the Federal Reserve.

Scheduled U.S. Data Releases:  Pending home sales, existing home sales, new home sales, durable goods orders, U. Michigan consumer sentiment, KC Fed manufacturing index, and weekly chain store sales, jobless claims, consumer comfort, mortgage applications and energy inventories.

Japanese Releases:  Small business sentiment, customs trade, department and supermarket sales, all industry index, preliminary manufacturing PMI, corporate service prices, and index of leading economic indicators.

Selected Other Asian Data:  Chinese home prices, MNI business indicator, and index of leading economic indicators. Singapore industrial output, Hong Kong CPI, and South Korean PPI.  Indian current account and index of leading economic indicators.

Euroland:  Construction output, purchasing managers indices, ZEW expectations, consumer confidence and index of leading economic indicators.

Eurozone Members:  French and German preliminary PMI surveys.  German IFO business climate, PPI, and import prices.  French GDP, Spanish PPI, and Italian retail sales and industrial orders.  Irish producer prices.  Dutch GDP, consumer confidence, and current account.

U.K. and Switzerland:  British distributive trades and industrial trends surveys.  British Rightmove house price index, public sector borrowing, and BBA report on mortgage approvals.  Swiss trade balance, money growth and ZEW expectations.

Nordic Europe:  Icelandic consumer prices and wages.  Swedish and Norwegian unemployment.  Danish retail sales.

Eastern Europe:  Czech business sentiment and consumer confidence.

Australia and New Zealand:  Australian home prices and index of leading economic indicators.  New Zealand consumer sentiment.

South Africa and Turkey:  South African CPI and index of leading economic indicators.  Turkish consumer confidence.

Canada and Brazil:  Canadian wholesale turnover and retail sales.  Brazil’s current account.

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



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