Next Week

July 22, 2016

Special Events:  Meeting of G20 central bank leaders and finance ministers on July 23-24.  U.S. Democratic Party National Convention on Monday-Thursday.

Central Banks:  Monetary policy meetings in the U.S., Japan, Russia, Ukraine, Hungary, Israel and The Philippines. Reserve Bank of New Zealand Governor Wheeler and Bank of Japan Governor Kuroda speak publicly.  No press conference by Chair Yellen follows the FOMC statement due Wednesday.

Scheduled Japanese Statistics:  Customs trade, CPI, corporate service prices, retail sales, unemployment, industrial production, household spending, small business sentiment, housing starts and construction orders.

Selected Other Asia Data Releases:  South Korean GDP, retail sales, industrial output, and consumer confidence. Hong Kong and Thai trade figures.  Singapore’s PPI, CPI, and industrial production.  Chinese corporate earnings.

U.S. Statistics: Second quarter GDP and employment cost index.  Monthly durable goods orders, pending home sales, new home sales, Case Shiller house price index, Chicago regional PMI, Conference Board and U. Michigan indices of consumer sentiment, trade deficit, preliminary services PMI compiled by Markit Economics, and the Dallas, Richmond and Kansas City Fed manufacturing surveys.  Weekly jobless insurance claims, consumer comfort, chain store sales, mortgage applications and energy inventories.

Euroland:  unemployment, money and bank lending growth, economic sentiment, index of leading economic indicators, preliminary estimate of second-quarter GDP growth, and consumer prices.

Members of the Eurozone:  German business climate, consumer prices, import prices, unemployment, consumer confidence and retail sales.  French GDP, PPI, consumer sentiment, and consumer spending.  Italian CPI, PPI, wage inflation, unemployment and consumer confidence.  Spanish CPI, PPI, unemployment, retail sales and GDP. Austrian manufacturing purchasing managers index.  Portuguese, Cypriot, and Austrian industrial output.  Finnish, Cypriot, and Greek producer prices.  Irish and Greek retail sales.  Belgian GDP and business climate index.

Britain and Switzerland:  U.K. GDP, industrial trends and distributive trends surveys, M4 money, mortgage approvals, Nationwide home price index, and consumer sentiment.  Swiss index of leading economic indicators and UBS consumption indicator.

Nordic Europe:  Swedish PPI, trade balance, retail sales and consumer sentiment.  Norwegian retail sales.

Canada:  Trade balance, producer prices, monthly GDP, and raw material prices.

Mexico and Brazil:  Mexican retail sales, trade balance and unemployment.  Brazilian current account, PPI and unemployment.

Australia and New Zealand:  Australian quarterly CPI and PPI.  Australian consumer sentiment, private credit, manufacturing PMI, and import and export prices.  New Zealand and Australian M3 money growth.  New Zealand trade balance.

South Africa and Turkey:  South African PPI, trade balance, private credit and money, and index of leading economic indicators.  Turkish trade figures.

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



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