Next Week

February 2, 2018

Central Banks: A considerable list of monetary policy meetings scheduled next week features the Bank of England, Reserve Bank of Australia, Reserve Bank of India, and Bank of Russia and also includes central banks in Iceland, Thailand, New Zealand, Romania, Serbia, Poland, Mexico and Peru. RBA Governor Lowe and BOE Governor Carney hold subsequent press conferences. Deputy Governors Spencer of the RBNZ and Wilkins of the Bank of Canada speak publicly, as well as Bullard, Harker, Evans and Kashkari of the Federal Reserve. Jerome Powell begins his four-year term as Chairman of the Fed, and the Reserve Bank of Australia publishes its quarterly Monetary Policy Statement.

Holidays: Mexico’s Constitution Day on Monday and New Zealand’s Waitangi Day on Tuesday.

Purchasing Manager Surveys: Service sector PMIs for Japan, Australia, China, Spain, Italy, France, Germany, Euroland, Ireland, India, Russia, Great Britain, Brazil, and the United States. Construction PMIs for Germany and Australia. Non-oil PMIs for Egypt, Saudi Arabia and the United Arab Emirates. Private sector PMIs for Hong Kong, South Africa and Lebanon. Retail PMIs for Euroland, Germany, France and Italy.

Scheduled U.S. Statistical Releases: The trade balance, federal monthly budget deficit, JOLTS index of job layoffs, openings and hires, the IBD/TIPP Optimism index, consumer credit, employment trends index, and weekly jobless insurance claims, chain store sales, consumer comfort, mortgage applications and energy inventories.

 Japanese and Chinese Data: Japanese current account, bankruptcies, tertiary index, money and bank lending growth, economy watchers index, and index of leading economic indicators. Chinese CPI, PPI, trade balance and current account.

Other Selected Asian Indicators: South Korean and Indonesian current accounts. Malaysian and Filipino trade balances. Indian and Malaysian industrial production. Indonesian GDP and consumer confidence. Filipino PPI and South Korean index of leading economic indicators.

Euroland: Retail sales and Sentix measure of investor confidence.

Members of the Euro Area: German current account, trade, industrial output and orders. French current account, trade balance, business sentiment, and industrial production. Spanish, Italian and Finnish industrial production. Portuguese, Austrian, Greek and Cypriot trade balances. Dutch and Cypriot consumer prices. Greek and Portuguese unemployment. Austrian wholesale prices.

U.K. and Switzerland: British industrial production, trade balance, same-store sales, RICs house price balance index, Halifax house price index, NIESR index of monthly GDP, and construction output. Swiss unemployment and consumer confidence.

Nordic Europe: Danish, Norwegian and Swedish industrial production. Norwegian GDP, PPI, and CPI. Danish trade and current account.

Eastern Europe: Czech, Hungarian and Romanian trade balances. Czech and Hungarian retail sales and industrial production.

Australia and New Zealand: Australian retail sales, mortgage loans, and trade balance. New Zealand home prices, unemployment, jobs growth, and labor costs.

Turkey and South Africa: Turkish and South African industrial production. Turkish CPI, PPI and retail sales. South African business sentiment.

Canada, Mexico, and Brazil: Monthly Canadian labor market statistics, trade balance, housing starts, building permits, and IVEY-PMI index. Brazilian and Mexican consumer prices. Mexican industrial production, producer prices and consumer confidence. Brazilian retail sales.

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



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