Next Week

May 5, 2017

Central Banks: Interest rate policy meetings in New Zealand, the U.K., Malaysia, The Philippines, Sri Lanka, Poland, and Peru. Several Fed officials to speak publicly including Bullard, Williams, Rosengren, Kaplan, Dudley, Evans, and Mester. Governor Kuroda and Harada of the BOJ speak publicly, and so will ECB President Draghi.

Holidays: VE Day in France on Monday. Birth of Buddah observed in Singapore on Wednesday and Indonesia on Thursday.

Presidential Elections: France on May 7 and South Korea on May 9.

Scheduled U.S. Data: Retail sales, consumer prices, producer prices, monthly federal budget, import prices, small business sentiment, JOLTS index of job separations and hires, IBD/TIPP Economic Optimism index, consumer credit, Fed’s labor market conditions index, U. Michigan/Reuters consumer sentiment index and weekly jobless insurance claims, energy inventories, consumer comfort, chain store sales and mortgage applications.

Japanese Statistical Releases: machine tool orders, current account, labor cash earnings, money growth, bank lending, economy watchers index, reserves, consumer confidence, and index of leading economic indicators.

China: CPI, PPI, foreign direct investment, trade balance, reserves, and money growth.

Selected Other Asian Data: India’s trade balance and CPI. Indonesian current account and consumer confidence. Singaporean retail sales, Malaysian industrial output, Hong Kong GDP, and South Korea’s index of leading economic indicators.

Euroland: Industrial production and the Sentix measure of investor sentiment.

Members of the Euro Area: German industrial orders, industrial production, consumer prices, GDP, current account, trade surplus, and WPI. French business sentiment, current account, trade balance and industrial production. Spanish CPI and Italian retail sales and industrial output. Greek and Portuguese CPI and unemployment. Irish and Cypriot consumer prices.

U.K. and Switzerland: British industrial production, trade balance, RICs house price balance, Halifax house price index, monthly GDP, and same-store sales. Swiss CPI and unemployment.

Eastern Europe: Czech, Hungarian and Polish consumer prices. Czech retail sales and unemployment. Hungarian industrial output.

Nordic Europe: Norwegian, Danish and Swedish consumer prices. Norwegian industrial production and producer prices. Denmark’s current account.

Australia and New Zealand: Australian consumer confidence, business conditions and confidence, retail sales, and building permits. New Zealand’s manufacturing purchasing managers index and food prices.

South Africa and Turkey: South African factory output and unemployment. Turkish retail sales and industrial output.

Mexico and Brazil: Mexican CPI, consumer sentiment, PPI, trade balance, industrial output and index of leading economic indicators. Brazilian retail sales and CPI.

Canada: Housing starts, new home prices and building permits.

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



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