Next Week

May 19, 2017

Central Banks: Monetary policy meetings in Canada, South Korea, South Africa, Thailand and Colombia. Publication of FOMC minutes. Bullard and Kaplan of the Federal Reserve speak publicly. So will Bank of Japan Governor Kuroda, Bank of Canada Deputy Gov. Leduc, and Reserve Bank of Australia Assistant Governor DeBelle.

Holidays: Victoria Day in Canada on Monday and Ascension Day in several European countries on Thursday.

Special Events:  President Trump will be in Riyadh, Saudi Arabia on May 20-21, Jerusalem and Bethlehem, Israel on May 22-23, the Vatican in Rome on May 24, attending a NATO summit in Brussels on May 25, and at his first Group of Seven leaders annual summit in Taormina, Sicily on May 26-27.

Scheduled U.S. Releases: GDP, durable goods orders, the Kansas City Fed and Richmond Fed manufacturing indices, the FHFA house price index, the Chicago Fed National Activity Index, the Reuters/U. Michigan consumer sentiment index, and weekly jobless insurance claims, consumer comfort, energy inventories, mortgage applications and chain store sales.

Euroland Data: Preliminary manufacturing and service-sector purchasing manager indices and the index of leading economic indicators.

Members of the Euro Zone: German and French preliminary purchasing manager survey results. German GDP, import prices, IFO business climate index and consumer confidence. French and Italian business sentiment. Italian orders and consumer confidence. Spanish trade balance and GDP. Irish, Spanish, and Finnish producer prices. Belgian business climate and Austrian industrial production.

U.K. and Switzerland: British public sector borrowing, Rightmove house price index, distributive trades survey and revised GDP. Swiss M3 money growth, industrial production, index of leading economic indicators, UBS consumption indicator, and ZEW investor expectations index.

Eastern Europe: Czech business and consumer sentiment. Hungarian GDP and unemployment.

Nordic Europe: Swedish consumer confidence, PPI and unemployment. Danish retail sales.

Japan: Customs trade, preliminary PMI in manufacturing, consumer prices, corporate service prices, department and supermarket sales, and all industry index.

Selected other Asian Statistics: Singapore’s CPI, South Korean producer prices and China’s index of leading economic indicators.

Australia, New Zealand and South Africa: Australian construction completions and index of leading economic indicators. New Zealand trade balance. South African consumer and producer prices.

Canada, Mexico and Brazil: Canadian and Mexican wholesale sales. Brazilian producer prices, consumer confidence and current account.

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



Comments are closed.