Next Week

February 10, 2017

Central Banks: Federal Reserve Chair Yellen delivers her semi-annual Humphrey Hawkins testimony on the economy and monetary policy to the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday. Fed District Presidents Lacker, Rosengren, Lockhart, Kaplan, and Harker speak publicly as well during the week. Chile, Indonesia, Sweden and Romania have scheduled interest rate policy meetings, and the European Central Bank publishes the ECB Account, minutes from its last meeting.

Japanese Data: Fourth Quarter GDP, industrial production, capacity use, and department store sales.

Chinese Data: CPI, PPI, money and bank lending growth.

Selected Other Asian Statistics: Indian trade, WPI, and CPI. South Korean and Malaysian unemployment. Indonesian and Singaporean trade. Thai GDP, Indonesian current account and Singapore retail sales.

U.S. Releases: CPI, PPI, retail sales, industrial production, existing home sales, National Association of Home Builders housing index, the Philly Fed and Empire State manufacturing indices, small business sentiment compiled by the NIFB, Treasury-compiled capital flows (TIC data), index of leading economic indicators, housing starts, building permits, and weekly jobless insurance claims, chain store sales, energy inventories, consumer comfort and mortgage applications.

Euroland: 4Q GDP, current account, trade balance, car sales, construction output, and ZEW index of investor sentiment.The EU Commission publishes updated macroeconomic forecasts.

Members of the Euro Area: German ZEW index, GDP, and WPI. Italian, Dutch, Portuguese, Cypriot, and Greek GDP. Italian and Finnish current accounts. Italian, Dutch and Belgian trade balances. Irish construction PMI, Portugal’s PPI, and Belgian consumer confidence.

U.K. and Switzerland: British CPI, PPI, retail prices, home prices, labor statistics (unemployment, jobs and wages), monthly GDP, index of leading economic indicators, retail and sales. Swiss CPI, producer prices, import prices and ZEW investor sentiment index.

Nordic: Swedish retail sales and unemployment.

Eastern Europe: Polish, Hungarian, and Romanian GDP and consumer prices. Polish current account, industrial production, retail sales and PPI. Hungary’s industrial output.

Australia and New Zealand: Australian labor statistics, business confidence and conditions, and consumer sentiment. New Zealand food prices, retail sales, current account and manufacturing purchasing managers index.

South Africa and Turkey: South African retail sales, consumer prices and unemployment. Turksh current account.

Canada, Mexico and Brazil: Canadian survey of manufacturing sales, orders and inventories. Mexican index of leading economic indicators. Brazil current account and index of leading economic indicators.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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