Next Week

July 8, 2016

Election: Half of Japan’s upper parliamentary house, 121 seats, will be selected on Sunday.  The LDP is expected to win big and perhaps secure a 2/3rds majority.

Holiday and Testimony: Bastille Day in France on Thursday.  British inflation report hearings.

Central Banks:  Monetary policy meetings scheduled in South Korea, Malaysia, Peru, the U.K., and Canada.  The Bank of Canada quarterly Monetary Policy Report and the Fed Beige Book will be published.  Fed officials speaking publicly next week include Harker, Bullard, Kashkari, Lockhart and George.  Bank of England Governor Carney speaks publicly as well.

Purchasing Manager Surveys: Non-oil PMIs for Saudi Arabia, Egypt and the United Arab Emirates.  Irish construction PMI.  New Zealand manufacturing PMI.

Scheduled U.S. Data:  Producer prices, consumer prices, industrial production, retail sales, import prices, the JOLTS index, the NFIB index of small business sentiment, Fed’s labor market conditions index, the monthly federal deficit, the Empire State manufacturing index, the U. Michigan index of consumer sentiment, and weekly jobless insurance claims, consumer comfort, mortgage applications, energy inventories and chain store sales.

Chinese Statistics: Quarterly GDP growth and monthly industrial production, retail sales, fixed asset investment, consumer prices, producer prices, net foreign direct investment, money growth and bank lending.

Japanese Statistics:  Machinery orders, the tertiary index, money growth, revised industrial production, capacity usage, household sentiment, and corporate goods prices.

Selected Other Asian Data:  South Korean, Indonesian and Indian trade figures.  Singaporean and Indian GDP. Malaysian industrial production.

Euroland:  Industrial production, trade, consumer prices, and motor vehicle sales.

Members of the Eurozone:  French, Spanish, Italian, Irish, Portuguese, Cypriot, Finnish and Austrian consumer prices. Italian, Dutch and Belgian trade figures.  Irish current account. Finnish and Dutch retail sales.  The German index of leading economic indicators.

U.K. and Switzerland:  British same-store sales, construction output, motor vehicle sales, index of leading economic indicators, and the RICs house price balance index.  Swiss producer prices.

Nordic Europe:  Danish, Norwegian and Swedish consumer prices.  Danish and Norwegian trade figures and producer prices.  Danish current account.

Eastern Europe:  Polish, Romanian and Czech consumer prices.  Hungarian and Romanian industrial output. Polish current account and Czech unemployment.

Australia and New Zealand:  Australian business confidence and conditions, motor vehicle sales, and home loans. New Zealand food prices and consumer confidence.

Turkey and South Africa:  Turkish unemployment, current account and industrial production.  South African factory output and retail sales.

Canada:  Housing starts and manufacturing sales, orders and inventories.

Brazil and Mexico:  Brazilian retail sales.  Mexican industrial production, trade balance and index of leading economic indicators.

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



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