Next Week

December 8, 2017

Central Banks: The Fed, ECB and Bank of England lead a long list of central banks holding their final monetary policy reviews of 2017. Other countries on the list are Switzerland, Russia, Norway, Iceland, Indonesia, Ukraine, Mexico, Peru, Chile, Turkey and Colombia. Yellen of the Fed, Kuroda of the Bank of Japan, Draghi of the ECB, Poloz of the Bank of Canada, Lowe of the Reserve Bank of Australia, and Carney and Haldane of the Bank of England speak  publicly.

Holiday and Special Event: On Tuesday Mexico observes Virgin of Guadalupe holiday, and Alabama holds a senatorial election to fill Attorney General Sessions’ vacancy.

Scheduled U.S. Statistical Releases: CPI, PPI, retail sales, industrial production, capacity usage, import prices, small business sentiment, Empire State manufacturing index, JOLTS index of labor market hires, openings and separations, FAHA house price index, index of leading economic indicators, National Association of Home Builders housing market index, federal monthly budget, Treasury-compiled capital flows, and weekly chain store sales, jobless insurance claims, mortgage applications, consumer comfort and energy inventories.

Japanese and Chinese Data: Bank of Japan quarterly Tankan survey of corporate conditions and expectations will be published Friday. Other data in the week include Japanese machinery orders, machine tool orders, tertiary index, corporate goods prices, revised industrial production, capacity use, business sentiment, preliminary manufacturing purchasing manufacturers index, and money growth. China releases monthly CPI, PPI, retail sales, industrial production, fixed asset investment, money growth and bank lending.

Selected Other Asia Releases: Filipino and Indonesian trade balances. Malaysian and Hong Kong industrial output. Indian and Filipino unemployment. Indian WPI, Filipino current account, Indian CPI, Singaporean retail sales, and South Korea’s index of leading economic indicators.

Euroland Data: Industrial production, preliminary PMI, trade surplus, employment, ZEW index of investor expectations, and car sales.

Members of the Euro Area: German, French, Spanish, Italian, Irish, and Portuguese consumer prices. German and French preliminary purchasing manager survey results. Italian and Dutch retail sales. Irish, Belgian, Dutch, Cypriot and Austrian trade balances. German ZEW index, wholesale prices and index of leading economic indicators. French business sentiment and Italian industrial production. Portuguese and Finnish current accounts.

U.K. and Switzerland: British CPI, RPI, PPI, DCLG house price index, wages, unemployment, employment, retail sales, RICs house price index, and industrial trends survey of the CBI. Swiss producer prices and unemployment.

Nordic Europe: Norwegian, Swedish and Danish consumer prices. Norwegian and Danish PPI and trade data. Swedish unemployment.

Eastern Europe: Czech, Romanian and Polish consumer prices. Hungarian and Romanian industrial output. Czech trade and current account.

Australia and New Zealand: Australian employment, unemployment, business confidence and conditions, consumer confidence, and new home sales. New Zealand manufacturing PMI and food prices.

Turkey and South Africa: Turkish and South African GDP and current accounts. South African PPI, wholesale turnover, CPI and industrial production. Turkish unemployment.

Canada, Mexico, and Brazil: Canada’s monthly survey of manufacturing sales, orders and inventories. Canadian new home prices and existing home sales. Brazil and Mexican indices of leading economic indicators. Mexican industrial output and trade balance. Brazilian retail sales.

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




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