Next Week

September 29, 2017

Central Banks: Monetary policy reviews scheduled in Australia, India, Iceland, Poland, Hungary, and Romania. Various Fed officials will be speaking publicly, including Yellen, Dudley, Powell, Williams, Bostic, Harker, George and Kapan. Minutes of the ECB Governing Council meeting to be published.

Holidays: China all week to commemorate Communist revolution victory in 1979. Hong Kong on Monday. German Unification Day on Tuesday. South Korean Full Moon Festival on Wednesday-Friday. Portuguese Republic Day on Thursday.

Australian Clocks: Return to standard time.

Purchasing Manager surveys: Manufacturing for the U.S., euro area, Japan, South Korea, The Philippines, Malaysia, Indonesia, Taiwan, Thailand, Vietnam, Russia, Germany, France, The Netherlands, Greece, Italy, Ireland, Poland, Spain, Turkey, Switzerland, Australia, Canada, South Africa, Singapore, Hong Kong, Norway, Hungary, and Sweden. Services: Japan, Ireland, Russia, Spain, U.K., Italy, France, Germany, Euroland, Brazil, the U.S., Australia and India. Construction: Britain, Germany, and Australia. Retail: Euroland, Germany, France and Italy.

Scheduled U.S. Statistical Releases: Nonfarm payroll employment, average hourly earnings, unemployment, construction spending, trade balance, ADP estimate of private jobs, motor vehicle sales, New York regional ISM (NAPM index), factory orders and weekly jobless insurance claims, mortgage applications, chain store sales, energy inventories, and consumer comfort.

Euroland: Retail sales and producer prices.

Members of the Euro Area: Italian retail sales and French current account. Austrian and Italian unemployment. German industrial orders. Dutch and Cypriot consumer prices. French and Greek trade balances. Irish industrial production and Austrian WPI.

U.K. and Switzerland: British shop prices and new car registrations. Swiss consumer prices.

Eastern Europe: Czech, Romanian and Hungarian retail sales. Czech trade and unemployment. Romanian producer prices and Hungarian industrial production.

Nordic Europe: Swedish, Norwegian and Danish industrial output. Norway’s current account.

Japanese Data: BOJ Tankan, a quarterly survey of corporate conditions and expectations. Also, the monetary base, labor cash earnings, international reserves, motor vehicle sales, consumer confidence and index of leading economic indicators.

Selected Other Asian Indicators: South Korean, Thai, Filipino, and Indonesian consumer prices. Thai and Filipino PPIs. Malaysian and South Korean trade balances. Hong Kong retail sales and Indonesia consumer sentiment.

Australia, New Zealand and Turkey: Australian retail sales, trade balance, motor vehicle sales and building permits. New Zealand business sentiment. Turkish consumer and producer prices.

Canada, Brazil and Mexico: Canadian labor statistics, trade balance, housing starts, building permits, and IVEY-PMI index. Brazilian trade, CPI, and industrial production. Mexican consumer confidence.

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




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