Next Week

July 8, 2017

Holiday: French Bastille Day on Friday, July 14.

Central Banks: Monetary policy meetings in Canada, Israel, Serbia, Peru, Malaysia, and South Korea. Chair Janet Yellen delivers her semi-annual testimony to the House Banking Committee on Wednesday and will reprise such before the Senate Financial Services Committee on Thursday; unless renominated by President Trump, this will be her last Humphrey-Hawkins testimonies. Other Fed officials speaking publicly in the week ahead include Governor Brainard and the District presidents of the Kansas City, San Francisco, Dallas and Chicago Feds. The Fed Beige Book of regional economic conditions and the Bank of Canada’s Monetary Policy Report will be published. Several members of the Bank of England Monetary Policy Committee speak publicly, and so do the governors of the Bank of Canada and Bank of Japan.

Scheduled U.S. Data Releases: CPI, PPI, retail sales, industrial production, NFIB small business sentiment, consumer credit, Labor Dept JOLTS index, Treasury TIC data on capital flows, Fed’s labor market conditions index, U. Michigan consumer sentiment, monthly federal budget and weekly chain store sales, jobless insurance claims, mortgage applications, energy inventories and consumer comfort.

Japanese Statistics: Machinery orders, current account, money and bank lending, economy watchers index, corporate goods prices, department store sales, revised industrial production, capacity usage, Tertiary index, and bankruptcies.

China: CPI, PPI, money growth and bank lending, foreign direct investment and the trade balance.

Selected Other Asian Statistics: Indian CPI, WPI, food prices and industrial production. Indonesian and Singaporean retail sales. Filipino trade, South Korea’s index of leading economic indicators, and Singaporean GDP.

Euroland: Car registrations, trade balance and Sentix gauge of investor sentiment.

Members of the Euro Area: German, French, Spanish, Italian, Greek, Finnish, Cypriot, Irish, and Portuguese consumer prices. German, Irish and Finnish current accounts. Italian, Greek, and Finnish industrial production. German, Italian, Irish, Dutch, Cypriot, Belgian and Portuguese trade balances. German wholesale prices, French business sentiment, Dutch retail sales and Ireland’s construction purchasing managers index.

U.K. and Switzerland: British labor statistics, RICs house price index, same-store sales and index of leading economic indicators. Swiss producer prices and import prices.

Nordic Europe: Swedish, Norwegian and Danish consumer prices. Norwegian and Danish trade balances. Danish current account and Norwegian PPI.

Eastern Europe: Romanian, Hungarian and Polish consumer prices. Hungarian and Romanian industrial production. Polish current account.

Australia and New Zealand: Australian home loans, business conditions and business confidence. New Zealand factory PMI, consumer confidence and food prices.

Canada: Housing starts and home prices.

Turkey and South Africa: Turkish retail sales, industrial output and current account. South African factory output.

Mexico and Brazil: Mexican industrial production and index of leading economic indicators. Brazilian retail sales.

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




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