Next Week

June 29, 2018

Central Banks: Monetary policy reviews are scheduled in Australia, Sweden, and Romania. FOMC minutes and the results of the quarterly Bank of Japan survey of business conditions and expectations will be published.

Holidays and Special Events: Next week kicks of the third quarter and second half of 2018. There are holiday closures on Monday in Canada for Canada Day and Wednesday in the United States for Independence Day.

Purchasing Manager Surveys: A slew of PMIs for the month of June get reported. Most of the manufacturing reports arrive Monday. Non-oil Middle Eastern PMIs and the British construction PMI get released Tuesday, followed by most of the service sector PMI’s on Wednesday. Euroland retail PMIs and Germany’s construction PMI arrives Thursday, and Australian construction will be released Friday.

Scheduled U.S. Economic Statistics: Construction spending, the monthly trade balance, factory orders, motor vehicle sales, the IBD/TIPP optimism index, consumer credit, the New York regional PMI, ADP’s estimate of private sector jobs and, most importantly, the monthly Labor Department report on growth in jobs, the unemployment rate, hours worked, and average hourly earnings. Weekly data to be released include jobless insurance claims, mortgage applications, consumer comfort, energy inventories and chain store sales.

Euroland: Producer prices, unemployment and retail sales.

Members of the Euro Area: German orders and industrial production. French trade and current account. Italian retail sales and unemployment. Spanish industrial production, consumer confidence, and unemployment. Dutch and Cypriot consumer prices. Austrian WPI and Greek trade.

U.K. and Switzerland: British shop prices, Halifax house price index, unit labor costs, and motor vehicle sales. Swiss retail sales and consumer prices.

Eastern Europe: Romanian, Czech and Hungarian retail sales. Romania’s PPI, and Poland’s CPI. Hungarian trade and industrial production.

Japanese Data: Household spending, international reserves, the monetary base, motor vehicle sales and the index of leading economic indicators.

Other Selected Asian Releases: Indonesian, Thai, Filipino, and South Korean consumer prices. Malaysian and South Korean trade balances. Hong Kong retail sales, Thai producer prices, and South Korea’s current account.

Australia, New Zealand and Turkey: Australian building permits, trade balance, and retail sales. New Zealand business sentiment. Turkish producer and consumer prices.

Canada, Brazil, and Mexico: Canadian labor force survey, trade balance, and IVEY-PMI index. Brazilian trade, CPI and industrial production. Mexican consumer sentiment.

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



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