Next Week

May 25, 2018

The last week of May is crowded with holidays and economic data releases but very light from a central bank watching standpoint.

Holidays: U.S. and British markets closed Monday for Memorial Day and the late spring bank holiday, respectively. Singapore and Indonesia closed Tuesday for the festival of Vesak commemorating the birth, enlightenment and death of Buddha. Brazil observes Corpus Christi Day on Thursday, and Indonesia is closed again Friday for Pancasila Day, which honors the five founding principles of that nation’s state.

Central Bank Action: A Bank of Canada review of monetary policy on Wednesday. Publication of the Fed Beige Book that same day. Bullard and Bostic are some of the Fed officials who will be speaking publicly, as will Swiss National Bank President Jordan.

Manufacturing Purchasing Managers Surveys: Austria, Australia, the United States, the euro area, Germany, France, Italy, Spain, Greece, Norway, Switzerland, the Netherlands, Ireland, Great Britain, Canada, the Czech Republic, Hungary, Poland, Turkey, Russia, China, India, Vietnam, Japan, the Philippines, South Korea, Taiwan, Thailand, Brazil, and Mexico.

Scheduled U.S. Statistical Releases: GDP, unemployment, nonfarm payroll jobs, wages, personal income and consumer expenditures, pending home sales, Case Shiller house price index, consumer confidence, Dallas Fed manufacturing index, Advanced trade deficit estimate, construction spending, motor vehicle sales, ADP estimate of private sector jobs, and weekly mortgage applications, chain store sales, consumer comfort, energy inventories and jobless insurance claims.

Japanese Data: Retail sales, industrial production, consumer confidence, corporate service prices, motor vehicle output, housing starts, construction orders, and unemployment.

Selected Other Asian Indicators: Chinese profits and Hong Kong retail sales.. South Korean industrial production, retail sales, consumer prices, GDP and unemployment. Malaysian and Singaporean producer prices. Thai current account and trade balance.

Euroland: Economic sentiment and money and credit growth.

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

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

Eastern Europe: Polish and Czech GDP. Hungarian PPI and trade balance.

Nordic Europe: Swedish and Danish GDP. Danish and Norwegian unemployment. Swedish consumer sentiment, retail sales and trade balance. Icelandic CPI and PPI.

Australia and New Zealand: Australian and New Zealand building permits. Australian private credit growth. New Zealand consumer and business confidence.

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

Canada: GDP, current account, producer prices and raw material prices.

Mexico and Brazil: Mexican and Brazilian unemployment. Brazilian GDP, PPI and trade balance.

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



Comments are closed.