Next Week

July 21, 2017

Central Bank: Monetary policy meetings in the United States (but no press conference afterwards), Brazil, Russia, Turkey and Colombia. Bank of Japan to release a “summary” of its July meeting and minutes from its June Board meeting. Reserve Bank of Australia Governor Lowe speaks publicly.

Special Event: Meeting scheduled for Monday in St. Petersburg, Russia between some Opec and non-Opec oil policymakers in effort to broaden the disciplined production cutbacks.

Scheduled U.S. Data Releases: Second-quarter employment const index and GDP, benchmark GDP revisions, new and existing home sales, the FHFA house price index, the Case-Shiller house price index, the Kansas City and Richmond Fed manufacturing indices, durable goods orders, the Conference Board and U. Michigan/Reuters indices of consumer sentiment, the Chicago Fed National activity index, and the “advanced” trade deficit estimate. Also weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales, and energy inventories.

Japanese Statistics: Consumer prices, retail sales, real household spending, unemployment, the index of leading economic indicators, the preliminary manufacturing purchasing managers index (PMI), and corporate serevice prices.

Other Selected Asian Data: Chinese corporate profits and index of leading economic indicators. South Korean GDP, industrial output, retail sales and consumer sentiment. Singapore’s CPI, PPI, jobless rate, and industrial production. Hong Kong trade.

Euroland: Business sentiment, Money and credit growth, preliminary PMIs, and index of leading economic indicators.

Members of the Euro Area: German consumer prices, import prices, retail sales, consumer sentiment, and preliminary PMI results for July. French PMI, GDP, consumer spending, CPI, and  PPI. Italian, French, Finnish and Portuguese consumer confidence. Italian business sentiment and industrial orders. Greek, Finnish and Austrian producer prices. Austrian manufacturing PMI, industrial production and GDP. French business confidence and Cypriot industrial output.

U.K. and Switzerland: British GDP, consumer confidence, Nationwide house price index, and the CPI surveys of industrial trends and distributive trades. Switzerland’s UBS consumption indicator, ZEW expectations index and KOF index of leading economic indicators.

Eastern Europe: Polish and Hungarian unemployment. Czech business sentiment and consumer confidence.

Nordic Europe: Swedish GDP, retail sales, PPI, trade balanace and consumer sentiment. Danish and Norwegian retail sales. Swedish, Icelandic, and Norwegian unemployment. Icelandic wage costs.

Canada: May GDP and wholesale turnover.

Mexico and Brazil: Mexican GDP, retail sales and trade balance. Brazilian producer prices.

Australia, New Zealand and South Africa: Australian CPI, import prices, and money and credit growth. Australian and South African producer prices. New Zealand trade and business sentiment. South African unemployment and index of leading economic indicators.

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



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