Next Week

March 24, 2017

Central Banks: Interest rate meetings in South Africa, the Czech Republic, Romania, Czech Republic, Mexico and Thailand. BOJ releases summary of mid-March Board meeting. Fed officials scheduled to speak publicly include Kaplan, Evans, Williams, George, and Rosengren. Other monetary policymakers speaking in public are Governor Zhou of the People’s Republic of China, Governor Poloz of the Bank of Canada, Assistant Governor DeBelle of the Reserve Bank of Australia, and ECB Governing Council member Coeure.

Special Notes: Europe goes on daylight savings time on March 26. British Prime Minister May will invoke Article 50 of the Lisbon Treaty on March 29. The first quarter ends on Friday.

Scheduled U.S. Economic Data Releases: GDP, pending home sales, the Dallas and Richmond Fed manufacturing indices, the Case Shiller house price index, personal income and spending, the PCE price deflator, the U. Michgan and Conference Board consumer sentiment indices, the Chicago Fed purchasing managers index, and the usual weekly data on jobless insurance claims, consumer comfort, chain store sales, mortgage applications, and energy inventories.

Japanese Statistics: Industrial production, retail sales, real household spending, housing starts, construction orders, unemployment, small business sentiment, corporate service prices, and consumer prices.

Selected Other Asian Data: China’s government-authorized manufacturing and non-manufacturing purchasing manager surveys, corporate proftis, and the current account. South Korean GDP and retail sales. South Korean and Hong Kong retail sales. Malaysian and Singaporean producer prices. Thailand’s trade balance.

Euroland: Money growth and bank lending. consumer prices and economic sentiment.

Members of the Euro Area: German retail sales, consumer prices, unemployment, import prices and IFO business climate index. French consumer spending, consumer confidence and PPI. Italian CPI, PPI, industrial orders, business sentiment, and consumer confidence. Spanish consumer prices and retail sales. Austrian and Cypriot producer prices. Finnish and Portuguese consumer confidence. Portuguese business sentiment, Dutch current account and Finnish trade balance.

U.K. and Switzerland: British money growth, GDP, current account, consumer credit, consumer confidence and Nationwide house price index. Swiss ZEW expectations index, UBS consumption indicator and the ZEW expectations index.

Nordic Europe: Swedish retail sales, consumer sentiment, trade balance and PPI. Icelandic consumer and producer prices. Danish GDP and Norwegian retail sales.

Australia and New Zealand: Australian new home sales and private credit growth. New Zealand money growth, business sentiment and activity outlook index.

South Africa and Turkey: South African money and credit growth, producer prices and trade balance. Turkish GDP and trade balance.

Canada, Mexico and Brazil: Canadian producer prices, raw material prices and GDP. Mexican unemployment and trade balance. Brazilian retail sales and labor statistics.

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



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