Next Week

January 26, 2018

Central Banks: Monetary policy meetings are scheduled in the United States (the last one with Yellen as chair), Czech Republic, Chile, Colombia and Hungary. A summary of the Bank of Japan board meeting last week will be published. Iwata of the BOJ and Mersch of the European Central Bank speak publicly.

Special Events: President Trump delivers his second State of the Union address on Tuesday.

Purchasing Managers Surveys: China’s government-authorized manufacturing and non-manufacturing indices. Privately compiled manufacturing PMIs for the United States, Euroland, U.K., Germany, France, Italy, Spain, Ireland, Greece, Austria, Netherlands, Japan, China, India, Philippines, South Korea, Malaysia, Taiwan, Thailand, Vietnam, Turkey, Switzerland, Norway, Sweden, Denmark, Hungary, Czech Republic, Poland, Canada, Brazil and Mexico.

Scheduled U.S. Economic Statistical Releases: Personal income and spending, PCE deflator, employee cost index, productivity, unit labor costs, import prices, motor vehicle sales, construction spending, Chicago and N.Y. regional PMIs, Conference Board’s consumer confidence index, U. Michigan consumer sentiment index, ADP estimate of private sector jobs, Labor Dept monthly labor market survey of jobs, unemployment and wages, as well as weekly chain store sales, new jobless insurance claims, consumer comfort, energy inventories, chain store sales, and mortgage applications.

Japanese Data: Unemployment, retail sales, household spending, industrial production, housing starts, construction orders, motor vehicle output, and monetary base.

Selected Other Asian Releases: South Korean industrial production, retail sales and trade. Indonesian, Thai and South Korean consumer prices. Malaysian, Singaporean and Thai producer prices. Hong Kong retail sales and Thai trade.

Euroland: Real GDP, economic sentiment, unemployment, PPI, and index of leading economic indicators.

Members of the Euro Area: German consumer prices, retail sales, unemployment, and import prices. French GDP, PPI, CPI, and consumer spending. Italian CPI, PPI, business sentiment, consumer confidence and unemployment. Spanish, Greek, Portuguese, and Irish retail sales. Spanish, Belgian, and Austrian GDP. Spanish current account and CPI. Portuguese industrial output and consumer confidence. Cypriot, Irish, and Austrian producer prices. Cypriot industrial production.

U.K. and Switzerland: British money growth, shop prices, and consumer confidence.Swiss trade balance, consumer confidence, ZEW expectations, retail sales and index of leading economic indicators.

Nordic Europe: Icelandic CPI and PPI. Norwegian retail sales.

Eastern Europe: Romanian and Hungarian producer prices. Hungary’s unemployment.

Australia and New Zealand: Australian money and private credit growth, building approvals, import prices, consumer prices, producer prices and business confidence and conditions. New Zealand trade and consumer sentiment.

South Africa and Turkey: South African and Turkish trade. South African unemployment, money growth, and private credit expansion,

Canada, Brazil and Mexico: Canadian monthly GDP, PPI and raw material prices. Brazilian unemployment, trade, industrial output, and PPI. Mexican GDP.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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