Next Week

December 15, 2017

Central Banks: Monetary policy meetings are scheduled in Japan, Sweden, Thailand, the Czech Republic, and Hungary. Minutes from this month’s meeting of the Reserve Bank of Australia will be published (note that January is the one month each year when the RBA doesn’t have a scheduled policy review). Bank of Japan Governor Kuroda and Bank of England Governor Carney will be speaking publicly.

Holiday: Some markets such as Britain’s close early on Friday in observance of Christmas Eve, which falls on Sunday.

Scheduled U.S. Statistical Releases: Even in the week before Christmas, the data release calendar is a meaty one, featuring quarterly GDP and current account figures, monthly checks on personal income and spending, the PCE price deflator, housing starts, building permits, new and existing home sales, the National Association of Home Builders housing index, durable goods orders, the Philly Fed and Kansas City Fed manufacturing surveys, the Chicago Fed National Activity Index, the Conference Board and U. Michigan consumer confidence indices, the index of leading economic indicators, and weekly jobless insurance claims, consumer comfort, mortgage applications, energy inventories, and chain store sales.

Euroland-Wide Data: Consumer prices, the current account, consumer confidence, the index of leading economic indicators, construction output, and quarterly labor costs.

Members of the Euro Area: French, German, Portuguese, Spanish and Finnish producer prices. IFO index of German business climate as well as German import prices and consumer sentiment. French GDP, business sentiment, consumer spending and index of leading economic indicators. Italian, Dutch, and Greek current accounts. Itaian and Spanish trade balances. Belgian business and consumer confidence. Austrian CPI, Dutch GDP, and Cypriot unemployment.

U.K. and Switzerland: British GDP, current account, consumer confidence, public sector borrowing, and the industrial trends and distributive trades monthly survey results. Swiss trade, money growth, index of leading economic indicators, and new government macroeconomic forecasts.

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

Nordic Europe: Swedish retail sales and consumer confidence. Swedish and Icelandic producer prices. Icelandic consumer prices and wages. Danish GDP and Norwegian unemployment.

Japan and China: Japanese all industry index, customs trade, department store and supermarket sales, and machine tool orders. Chinese house prices and index of leading economic indicators.

Selected Other Asian Statistics: Hong Kong and Malaysian unemployment and consumer prices. South Korea’s PPI, India’s index of leading economic indicators, and Singapore trade.

Australia and New Zealand: Australian motor vehicle slaes, index of leading economic indicators, and midyear economic and fiscal outlook. New Zealand’s Performance of Services index, current account, trade balance, consumer confidence, and business sentiment.

Canada, Mexico and Brazil: Canadian and Mexican retail sales and wholesale turnover. Canadian GDP, Mexican unemployment, and Brazilian consumer confidence and current account.

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




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