Next Week

March 17, 2017

Central Banks: Monetary policy reviews in New Zealand, Sri Lanka, Russia, The Philippines, and Colombia. Minutes of prior policy meetings to be published by the Bank of Japan and Reserve Bank of Australia. Fed officials speaking publicly include Chair Yellen, Evans, Kashkari, Mester, Dudley, George, and Bullard. The size of a new ECB targeted long term refinancing operation (TLTRO) will be announced. Bundesbank President Weidman, RBA Deputy Governor Debelle, and Bank of Canada Deputy Governor Schembi speak publicly.

Holidays and Special Events: Japan is closed Monday for the Vernal Equinox. G-20 finance ministers and central bank heads wind up two days of talks in Germany on Saturday.

Scheduled U.S. Data releases: Quarterly current account. Monthly new and existing home sales, durable goods orders, FHFA home prices, durable goods orders, and the preliminary results of March manufacturing and service sector purchasing managers surveys conducted by Markit Economics.Weekly jobless insurance claims, chain store sales, consumer comfort, energy inventories and mortgage applications.

Japanese Data: Customs trade, all industry index, supermarket sales, corporate service prices, and index of leading economic indicators.

Selected Other Asian Releases: Chinese┬áproperty prices. Malaysian, Singaporean and Hong Kong consumer prices. South Korean and Singaporean producer prices. Indian and Chinese indices of leading economic indicators. Hong Kong’s current account, Singaporean industrial production, and South Korean consumer confidence.

Euroland: Preliminary PMI results and consumer confidence, labor costs, and trade balance.

Members of Euro Area: German and French preliminary purchasing manager survey results. German, Irish, Finnish, and Spanish producer prices. German, Dutch and Belgian consumer confidence. French GDP, German import prices, and Spanish trade figures. Italian and Portuguese current accounts.

U.K. and Switzerland: British consumer prices, retail prices, producer prices public finances, retail sales, DCLG home price index, Rightmove house price index, CBI surveys of industrial trends and distributive trade trends, and mortgage approvals compiled by the BBA. Swiss trade surplus, M3 money growth, ZEW expectations index, current account and government updated macroeconomic forecasts.

Nordic Europe: Danish retail sales and consumer sentiment. Norwegian unemployment and Icelandic wage costs.

Eastern Europe: Czech business and consumer sentiment. Hungary’s current account and Polish unemployment.

Australia and New Zealand: Australian house prices. New Zealand trade balance and consumer sentiment.

South Africa and Turkey: South African CPI, current account and index of leading economic indicators. Turkish unemployment.

Canada, Brazil and Mexico: Canadian wholesale turnover, retail sales and consumer prices. Brazil’s current account and Mexican retail sales.

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



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