Next Week

September 7, 2018

Central Banks: Monetary policy reviews at the European Central Bank, Bank of England, and in Turkey, Russia, Argentina and Peru. Publication of the Federal Reserve Beige Book on U.S. regional economic conditions. Bostic, Rosengren and Bullock of the Fed will be speaking publicly. So will ECB President Draghi and Bank of England Governor Carney at their respective press conferences on Thursday.

Holiday and Special Events: Indonesians observe the Islamic New Year on Tuesday. There is meeting euro area finance ministers on Thursday. Sometime during the week, President Trump will announce big tariffs especially on imports from China.

Scheduled U.S. Statistical Releases: Consumer prices, producer prices, import prices, industrial production, capacity usage, retail sales, real weekly earnings, small business sentiment, consumer credit, employment trends index, monthly federal budget deficit, NAHB housing index, U. Michigan/Reuters consumer sentiment index, and weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales, and energy inventories.

Japanese and Chinese Data: Japanese current account, machinery orders, GDP, bank lending, money growth, economy watchers index, revised industrial production, capacity usage, bankruptcies, tertiary index, machine tool orders, producer prices, and quarterly business sentiment. China’s CPI, PPI, money and bank lending, fixed asset investment, trade surplus, and foreign direct investment.

Selected Other Asian Indicators: Filipino current account and trade balance. South Korea, Malaysian, and Singaporean unemployment. Indian and Hong Kong industrial production. Indian and Singaporean retail sales. Indian current account and Indonesian wholesale prices.

Euroland: Quarterly job growth. Monthly industrial production, trade balance and ZEW and Sentix gauges of investor sentiment.

Members of the Euro Area: German CPI, WPI, and ZEW expectations index. German and Spanish indices of leading economic indicators. French, Italian, Finnish, Spanish, Portuguese, Irish and Greek consumer prices. Italian, Finnish and Greek industrial production. Dutch, Belgian, Cypriot, and Portuguese trade balances. Greek import prices, Dutch retail sales, and Ireland’s construction purchasing managers index.

U.K. and Switzerland: British trade deficit, industrial production, wage earnings, jobless claims, RICs housing index, construction output, and monthly GDP. Swiss producer prices and import prices.

Nordic Europe: Danish, Norwegian, and Swedish consumer prices. Danish current account and trade balance. Swedish GDP and Norwegian PPI.

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

Australia and New Zealand: Australian labor statistics, business confidence and business conditions, and consumer confidence. New Zealand food prices and manufacturing purchasing managers index.

Turkey and South Africa: Turkish GDP and current account. South African retail sales, wholesale turnover, and manufacturing output.

Canada, Mexico and Brazil: Canadian housing starts and house prices. Mexican industrial production and index of leading economic indicators. Brazilian retail sales.

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



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