Next Week

July 20, 2018

Central Banks: Monetary policy reviews at the European Central Bank (followed by ECB President Draghi’s press conference) and in Turkey, Hungary, Colombia, Chile and Russia. St. Louis Fed President Bullard speaks publicly.

Events: OPEC oil ministers meeting and a meeting of Euroland finance ministers.

Scheduled U.S. Statistical Releases: 2Q GDP, existing home sales, new home sales, pending home sales, K.C. and Richmond Fed manufacturing indices, FHFA house price index, Chicago Fed National Activity index, Reuters/U. Michigan consumer sentiment index, durable goods orders, and weekly jobless insurance claims, chain store sales, consumer comfort, mortgage applications and energy inventories.

Japanese and Chinese Releases: Japanese retail sales, corporate service prices, supermarket sales, index of leading economic indicators, and and preliminary manufacturing purchasing managers index. Chinese corporate profits and index of leading economic indicators.

Selected Other Asian Releases: Singapore consumer prices, industrial production, trade balance and PPI. South Korean consumer confidence. Hong Kong CPI inflation and trade balance.

Euroland: Consumer confidence, M3 money and bank lending growth. Index of leading economic indicators and preliminary PMIs.

Members of the Euro Area: German CPI, PMI, import prices, consumer confidence, and retail sales. French PMI, GDP, consumer spending, PPI, consumer sentiment and GDP. Italian consumer confidence and business sentiment. Spanish producer prices, GDP, retail sales, and unemployment. Belgian business climate and Irish retail sales. Finland’s PPI and consumer sentiment. Austrian manufacturing PMI and industrial output.

U.K. and Switzerland: British industrial trends and distributive trades monthly surveys and the Nationwide house price index. Swiss M3 growth, ZEW expectations index and KOF index of leading economic indicators.

Eastern Europe: Czech business and consumer confidence. Hungarian and Polish unemployment.

Nordic Europe: Icelandic, Norwegian and Swedish unemployment. Danish and Swedish retail sales. Swedish and Icelandic producer prices. Icelandic consumer prices, Norwegian business sentiment, and Danish consumer confidence.

Australia and New Zealand: Australia’s CPI, PPI, import and export prices, and index of leading economic indicators. New Zealand trade balance and unemployment. New Zealand trade balance and unemployment.

South Africa and Turkey: South African PPI and index of leading economic indicators. Turkish consumer sentiment.

Canada, Mexico, and Brazil: Canadian and Mexican retail sales and wholesale turnover. Mexican trade balance and unemployment. Brazilian current account and consumer sentiment.

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




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