Next Week

June 8, 2018

Central Banks: Monetary policy reviews by the FOMC, European Central Bank, Bank of Japan, Swiss National Bank, Central Bank of Chile, Bank of Russia, and Bank of Iceland. Powell, Draghi, Kuroda and Jordan will hold post-meeting press conferences at the Fed, ECB, BOJ and SNB. Reserve Bank of Australia Governor Lowe delivers a speech during the week.

Holidays and Special Events: Australia observes Queen’s Birthday on Monday. Indonesia is closed all week for Eid-ul-Fitr as Ramadan draws to an end. Singapore has the Hari Raya Puasa holiday Friday, also observing the end of Ramadan. The summit in Quebec of G7 leaders wraps up June 9th. A meeting of EU finance ministers is planned Thursday, and the historic Singapore meeting between the presidents of the United States is set for Tuesday, assuming neither side backs out at the last minute.

Scheduled U.S. Statistical Releases: Consumer prices, import prices, producer prices, real hourly earnings, retail sales, industrial production, capacity utilization, small business sentiment, index of leading economic indicators, U. Michigan/Reuters consumer sentiment, Empire State manufacturing index, monthly federal budget results, Treasury-compiled capital flows, and monthly jobless insurance claims, consumer comfort, chain store sales, mortgage applications, and energy inventories.

Chinese and Japanese Data: Chinese consumer prices, producer prices, property prices, foreign direct investment, retail sales, industrial production, fixed asset investment, and money and bank lending growth. Japanese machinery orders, machine tool orders, producer prices, revised industrial production, capacity utilization, tertiary index, money growth, and quarterly business sentiment.

Selected Other Asian Economic Statistical Releases: Indian WPI and industrial production. Malaysian and Hong Kong industrial output. Hong Kong PPI, Malaysian unemployment, and Singaporean retail sales.

Euroland: Industrial production, CPI, car sales, trade balance, investor sentiment (a la ZEW index) and quarterly growth in jobs and labor costs.

Members of the Euro Area: German ZEW index, wholesale prices, consumer prices, and index of leading economic indicators. French, Italian, Spanish, Finnish, Austrian and Portuguese consumer prices. Dutch, Belgian, Irish and Cypriot trade balances. Italian retail sales, industrial output, and industrial orders. French business sentiment, Greek import prices, and Irish construction purchasing managers survey.

U.K. and Switzerland: British CPI, PPI, RPI, DCLG house price index, retail sales, construction output, industrial production, unemployment, jobs growth, wage growth, trade balance, monthly GDP and index of leading economic indicators.

Nordic Europe: Danish, Swedish, and Norwegian consumer prices. Norway’s trade balance and PPI. Icelandic GDP and Norwegian producer prices. Denmark’s current account.

Eastern Europe: Romanian and Hungarian industrial production. Czech and Polish consumer prices and current accounts. Romanian CPI and trade.

Australia and New Zealand: Australian labor statistics, consumer confidence, mortgage loans, and business confidence and conditions. New Zealand food prices, factory PMI, and quarterly manufacturing activity index.

Turkey and South Africa: Turkish GDP, industrial production and current account. South African retail and wholesale sales.

Canada: Home prices and monthly survey of manufacturing sales, orders and inventories.

Mexico and Brazil: Mexican and Brazilian indices of leading economic indicators. Mexican trade balance and industrial output. Brazilian retail sales.

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




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