Next Week

December 30, 2016

Holiday Closures: No holiday is more widely shared than New Years Day. Since such fall on a Sunday in 2017, most markets will be shut on Monday. New Zealand and Japan well remain closed Tuesday, and Japan’s markets will observe only a half day on Wednesday. Some markets like Spain and Italy will be observing Epiphany Day on Friday, January 6.

Central Banks: National Bank of Romania has a policy meeting scheduled. The FOMC and ECB release minutes of their last meetings. Lacker and Evans of the Fed speak publicly next week.

PMI Week: A slew of purchasing manager surveys covering manufacturing, the service sector, construction, retail, and non-oil activity get reported.

Scheduled U.S. Data Releases: Labor Dept statistics on employment, the jobless rate, hours worked and average hourly earnings spearheads a data calendar that also features construction spending, motor vehicle sales, the trade deficit, factory orders, the New York regional PMI (NAPM) and ADP’s estimate of private-sector employment. The usual assortment of weekly figures on jobless insurance claims, mortgage applications, energy inventories, chain store sales and consumer comfort also arrive.

Japanese Data: Monetary base, motor vehicle sales, and labor cash earnings.

Selected Other Asian Figures: Singapore GDP, Indonesian CPI, Hong Kong retail sales. South Korean and Malaysian trade. Thai consumer and producer prices. Indonesia’s CPI.

Euroland: Consumer prices, economic sentiment and retail sales.

Members of the Euro Zone: German unemployment, consumer prices and industrial orders. French consumer confidence, trade, and current account. Italian, Dutch and Cypriot CPIs. Irish industrial production, retail sales and unemployment. Portuguese consumer sentiment and Austria’s WPI.

U.K. and Switzerland: British money growth, shop prices, auto sales and unit labor costs. Swiss consumer prices.

Eastern Europe: Hungarian and Romanian producer prices. Czech and Hungarian industrial output. Romanian retail sales.

Australia and Turkey: Australian consumer confidence and trade. Turkish CPI and PPI.

Brazil, Mexico and Canada: Brazilian trade, PPI and industrial output. Mexican consumer sentiment. Canadian PPI, raw material prices, labor statistics and IVEY-PMI.

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



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