Next Week

December 2, 2016

Special Events and Holidays: Italian voter referendum on constitution reform (December 4) and Britain’s high court to hear an appeal on Brexit. Spain’s Constitution Day (December 6).

Purchasing Manager Surveys: Private or non-oil PMIs for Lebanon, Egypt, Saudi Arabia, the U.A.E., Singapore and South Africa. Retail PMIs for Euroland, Germany, France and Italy. Construction PMIs for Australia and Germany. Service Sector PMIs for Japan, China, the U.K., Euroland, Germany, France, Italy, Ireland, Spain, Russia, India, Brazil, Australia and the United States.

Central Banks: The European Central Bank, National Bank of Poland, Bank of Canada, Central Bank of Serbia, Bank of Ukraine, Reserve Bank of India and Reserve Bank of Australia hold interest rate meetings. Dudley, Evans and Bullard of the Fed speak publicly. So do Bank of Japan Governor Kuroda and BOJ Policy Board member Iwata, as well as Reserve Bank of New Zealand Governor Wheeler. The Fed’s monthly labor conditions index will be reported.

Scheduled U.S. Data: Quarterly productivity and unit labor costs. Monthly trade balance, consumer credit, U. Michigan consumer sentiment, Labor Dept JOLTs index, factory orders, and IBD/TIPP optimism index. Weekly jobless insurance claims, energy inventories, chain store sales, consumer comfort, and mortgage applications.

Euroland: Revised GDP, retail sales, labor costs, and Sentix index of investor confidence.

Members of the Euro Area: German industrial orders and production, trade, and current account. French trade and current account, industrial production, and business sentiment. Spain’s index of leading economic indicators and industrial output. Irish and Cypriot GDP. Portuguese, Austrian, Finnish, and Greek trade balances. Greek, Dutch, Cypriot and Irish consumer prices. Greek and Finnish industrial production.

U.K. and Switzerland: British industrial production, trade deficit, car registrations, shop prices, same store sales, Halifax house price index, construction output, RICs house price balance index, and monthly GDP. Swiss CPI.

Nordic Europe: Swedish, Norwegian and Danish industrial production. Norwegian CPI and current account. Icelandic GDP and Danish current account.

Eastern Europe: Czech and Romanian retail sales. Czech and Hungarian industrial output. Hungarian CPI and trade. Romanian and Hungarian GDP.

Japan and China: Japanese GDP, consumer sentiment, labor cash earnings, money and bank lending growth, Current account, economy watchers index, international reserves, machine tool orders, bankruptcies and index of leading economic indicators. Chinese reserves, trade, consumer prices and PPI.

Selected Other Asia Statistics: Filipino and Malaysian trade. Filipinio CPI and PPI. Malaysian industrial output.

Australia and New Zealand: Australian GDP, current account, home lending and corporate earnings. New Zealand building permits and manufacturing activity.

Canada, Mexico and Brazil: Canadian trade, new home prices, housing starts, IVEY-PMI and quarterly capacity utilization. Mexican trade and consumer confidence. Brazilian consumer prices.

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



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