Next Week

March 10, 2018

Special Events: Meeting of EU finance ministers on Thursday. U.S. moves clocks forward one hour tonight, which will temporarily reduce the time difference between N.Y. and London to four hours, N.Y. and Frankfurt to five hours, and N.Y. and Tokyo to 13 hours. The British Chancellor of the Exchequer releases the spring forecast statement on Tuesday.

Central Banks: Monetary policy meetings in Switzerland, Norway, Iceland and Serbia. Policy meeting minutes to be released by Bank of Japan. Draghi, Constancio, Praet and Lautenschlaeger of the ECB speak publicly. So do Bank of Canada Governor Poloz and Debelle and Kent of the Reserve Bank of Australia.

Scheduled U.S. Economic Data Releases: Consumer prices, real wage earnings, producer prices, import prices, retail sales, industrial production, capacity usage, housing starts, building permits, Labor Dept JOLTS index, NIFB index of small business sentiment, Empire State and Philly Fed manufacturing indices, Treasury-compiled capital flows, U. Michigan/Reuters index of consumer sentiment and weekly jobless insurance claims, consumer comfort, chain store sales, mortgage applications and energy inventories.

Japanese and Chinese Data: Japanese business sentiment, machinery orders, machine tool orders, revised industrial production and capacity utilization. Chinese retail sales, industrial output, fixed asset investment and foreign direct investment.

Selected Other Asian Releases: Indian and Filipino current accounts. Indonesian and Singaporean trade. South Korean, Malaysian and Singaporean unemployment. Indonesian and Hong Kong industrial production. Indian WPI and Singapore retail sales.

Euroland: Consumer prices, industrial production, labor costs, employment, car sales, and ZEW index of investor sentiment.

Members of Euro Area: German ZEW expectations index, CPI, WPI, and index of leading economic indicators. Spanish, Italian, and Dutch retail sales. French, Cypriot, Italian, Irish, Portuguese, Austrian and Finnish consumer prices. Irish and Greek industrial production. Belgian, Portuguese, Irish, and Dutch trade balances. Finnish and Irish current accounts. Greek import prices. Irish GDP and construction purchasing managers index.

U.K. and Switzerland: British index of leading economic indicators and Swiss PPI/import price index.

Eastern Europe: Romanian, Hungarian, and Czech industrial production. Romanian and Polish consumer prices. Czech and Polish current accounts. Czech retail sales and producer prices.

Nordic Europe: Norwegian and Danish trade balances. Danish and Swedish consumer prices. Danish current account and PPI. Swedish unemployment.

Australia and New Zealand: Australian home loans, business confidence and conditions, and consumer confidence. New Zealand GDP, current account, food prices and manufacturing purchasing managers index.

South Africa and Turkey: South African factory output. Turkish industrial production and current account.

Canada, Mexico and Brazil: Canadian existing home sales and survey of manufacturing sales, orders and inventories. Mexican and Brazilian indices of leading economic indicators. Brazilian retail sales and Mexican industrial production.

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



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