Next Week

March 23, 2018

Holiday-Shortened Week: The Good Friday/Easter break will deprive trading from full-cylinder power in the latter half of next week. Markets closures on Friday include Great Britain, the United States, India, Germany, Switzerland, Spain, South Africa, Norway, Singapore, New Zealand, Mexico, Indonesia, Hong Kong, France, Italy, Canada, Brazil and Australia. Many markets will remain shut on Monday, April 2nd for Easter Monday.

Central Banks: There are monetary policy reviews in South Africa, Chile, the Czech Republic, Hungary and Thailand. Mester, Dudley, Bostic and Harker are some of the Fed district presidents, who will be speaking publicly next week.

Scheduled U.S. Statistical Releases: GDP, personal income and spending, the PCE price deflator, pending home sales, the Case-Shiller house price index, the Chicago Fed National Activity index, the Chicago regional manufacturing PMI, the Reuters/U. Michigan consumer sentiment index, the advanced trade deficit estimate, and weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales and energy inventories.

Japanese Data Releases: Industrial production, unemployment, retail sales, real household spending, corporate service prices, housing starts and construction orders.

Selected Other Asian Releases: The government-authorized Chinese manufacturing and non-manufacturing purchasing manager survey results. The Hong Kong and Thai trade balances. Malaysian producer prices and India’s current account. South Korean GDP, retail sales, industrial production and consumer sentiment.

Euroland: Business sentiment, consumer confidence, and money and credit growth.

Members of the Euro Area: German, French, Italian, and Spanish consumer prices. French, Italian, Finnish, Cypriot, Greek, and Austrian producer prices. The Dutch, Spanish and Austrian current accounts. German unemployment, consumer confidence, retail sales and import prices. Irish, Greek, Portuguese, and Spanish retail sales. French and Dutch GDP. French consumer spending and consumer sentiment. Italian industrial orders, consumer confidence and business sentiment. Austria’s manufacturing PMI survey, Portuguese and Finnish consumer confidence.

U.K. and Switzerland: British mortgage approvals, GDP, current account, consumer confidence, CBI distributive trades survey, and Nationwide house price index. Swiss index of leading economic indicators, investor confidence, and current account.

Eastern Europe: Hungary’s PPI, trade balance and unemployment. Czech consumer and business confidence.

Nordic Europe: Swedish and Norwegian retail sales. Icelandic and Swedish producer prices. Iceland’s CPI and Swedish consumer sentiment and trade.

Australia and New Zealand: Australian money growth, private credit expansion, and new home sales. New Zealand business sentiment, building permits, and trade balance.

Turkey and South Africa: Turkish and South African trade balances. South African producer prices and money growth. Turkish GDP.

Canada, Mexico, and Brazil: Canadian GDP and producer prices. Mexican trade, unemployment and retail sales. Brazil’s PPI.

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



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