Next Week

June 10, 2017

Central Banks: Monetary policy reviews are scheduled in the United States, U.K., Switzerland, Japan, Russia, South Korea and Turkey. The FOMC, which appears likely to raise the federal funds target, will also release fresh forecasts, and the meeting will be followed by a press conference presided over by Chair Janet Yellen.

Special Events: Brexit talks between the U.K. and the European Union were supposed to commence on June 19th, but now that Britain has a minority government, that start date is in some doubt. The first round of French parliamentary elections is scheduled for June 11th. Only candidates garnering over 50% of a district’s vote get seated after this round. In cases where nobody secures a majority, a runoff second round between a district’s two candidates with the most first round votes will be held June 18th to determine a winner.

Holidays: Corpus Christi in Brazil and Portugal on Thursday. Youth Day in South Africa on Friday.

Scheduled U.S. Data: Retail sales, consumer prices, import prices, industrial production, small business sentiment, the labor conditions index, producer prices, housing starts, building permits, the NAHB housing index, the Philly Fed and Empire State manufacturing indices, the Reuters/U. Michigan consumer confidence index, the monthly federal budget, and weekly jobless insurance claims, consumer comfort, chain store sales, mortgage applications and energy inventories.

Euroland Statistics: Consumer prices, employment growth, trade balance, car sales and ZEW index of investor sentiment.

Members of the Euro Zone: German consumer prices, WPI, ZEW index and index of leading economic indicators. French, Italian and Spanish consumer prices. French business sentiment and Italian trade and industrial output. Spain’s index of leading economic indicators and Iceland’s construction purchasing managers index.

U.K. and Switzerland: British CPI, RPI PPI, DCLG house price index, unemployment, wage growth, retail sales and index of leading economic indicators. Swiss producer prices and import prices.

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

Eastern Europe: Czech current account and PPI. Romanian industrial output.

Japanese Data: Machinery orders, machine tool orders, revised industrial production, capacity utilization, department store sales, and business sentiment.

China, India, Singapore and The Philippines: Chinese retail sales, industrial production, fixed asset investment, direct investment, and money growth. Indian wholesale prices and industrial production. Singapore trade and Filipino current account.

Australia and New Zealand: Australian labor statistics, consumer confidence, and business conditions and confidence. New Zealand GDP, current account and food prices.

South Africa and Brazil: South African and Brazilian retail sales.

Canada: Monthly survey of manufacturing sales, orders and inventories. Existing home sales.

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



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