Next Week

October 13, 2017

Central Banks: Monetary policy reviews are scheduled next week in Israel, South Korea, Indonesia and Chile. Minutes from prior central bank meetings will be published by the Reserve Banks of Australia and India, and the Federal Reserve’s Beige Book of regional economic conditions gets released. Yellen, Kaplan and Dudley of the Fed speak publicly; so will PBoC Governor Zhou, BOJ Governor Kuroda, and ECB Vice President Constancio. It’s possible, too, that President Trump will name his nominee for the chair of the Federal Reserve. Yellen was nominated by former President Obama on October 9, 2013, and Bernanke’s initial nomination in 2005 was announced October 24.

Special Events: IMF/World Bank semi-annual meetings continue on October 14 and 15. Austrian legislative election on October 15. Five-yearly congress of China’s Communist Party begins in Beijing on Wednesday. Extraordinary economic summit in Brussels of the EU Council consisting of members’ political leaders begins Wednesday and runs through Friday.

Scheduled U.S. Statistical Releases: Industrial production, capacity usage, import prices, Philly Fed and Empire State monthly manufacturing surveys, the index of leading economic indicators, existing home sales, the National Association of Home Builders housing index, Treasury-compiled capital flows (TIC), and weekly jobless insurance claims, consumer comfort, energy inventories, chain store sales and mortgage applications.

Chinese Data: Quarterly GDP and monthly CPI, PPI, money and loan growth, retail sales, industrial production and fixed asset investment.

Japan: All industry index, customs trade surplus, revised industrial output, capacity utilization, and machine tool orders.

Selected Other Asian Data: Indian and Indonesia trade figures. Hong Kong and South Korean unemployment. India’s WPI and Malaysian consumer prices.

Euroland: Current account, trade balance, construction output, car sales, and ZEW index of investor sentiment.

Members of the Euro Area: German wholesale prices, consumer prices, ZEW index, and index of leading economic indicators. Current accounts and trade balances for Italy and Belgium. Dutch and Belgian consumer confidence. Spanish GDP, Belgian PPI, Austrian CPI, and France’s index of leading economic indicators.

U.K. and Switzerland: British retail sales, labor market statistics, PPI, CPI, RPI, DCLG house price index, Rightmove house price index, and public sector net borrowing. Swiss money growth and trade surplus.

Eastern Europe: Czech and Polish producer prices. Polish industrial production, retail sales and current account.

Nordic Europe: Danish PPI and index of leading economic indicators. Swedish unemployment and Norwegian trade balance.

Canada and Mexico: Canadian CPI, retail sales, housing starts, building permits, manufacturers survey and existing home sales. Mexican unemployment.

Australia and New Zealand: Australian employment and unemployment, business confidence index, motor vehicle sales and index of leading economic indicators. New Zealand third-quarter CPI and monthly service sector purchasing managers index.

South Africa and Turkey: South African CPI and retail sales. Turkish unemployment.

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




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