Next Week

September 21, 2018

Central Banks: An FOMC meeting with updated forecasts and a press conference to follow. Other monetary policy reviews scheduled in The Philippines, Sri Lanka, Indonesia, New Zealand, the Czech Republic, Taiwan, and Colombia. Powell, Barkin, Kaplan and Ramsden of the Fed will be speaking publicly. So will Governors Orr, Kuroda and Poloz of the Reserve Bank of New Zealand, Bank of Japan, and the Bank of Canada. A summary of this week’s Bank of Japan meeting will be published.

Holidays and Special Events: Several countries observe holidays on September 24: Australia for the Queen’s Birthday, Japan for the Autumnal Equinox, South Africa for Independence Day, and China for the Mid-Autumn Festival. South Korea (Chusok) and Hong Kong (Mid-Autumnal Festival) will be celebrating holidays on Tuesday. A special U.S. senatorial hearing on Christine Blassey Ford’s sexual assault accusation against Supreme Court nominee Brett Kavanaugh may take place next week, but no details are yet determined.

Scheduled U.S. Economic Statistical Releases: GDP, personal income and spending, durable goods orders, FHFA house price index, Case Shiller house price index, new home sales, pening home sales, Dallas Fed manufacturing index, K.C. Fed manufacturing index, Richmond Fed manufacturing index, consumer confidence, advance trade balance, Reuters/U. Michigan consumer sentiment index, Chicago Fed National Activity index, and Chicago regional PMI. Also, weekly jobless insurance claims, mortgage applications, chain store sales, consumer comfort, and energy inventories.

Japanese and Chinese Data: Japanese unemployment, industrial production, motor vehicle output, corporate service prices, retail sales, housing starts, construction orders, machine tool orders, Tokyo CPI, department store sales, supermarket sales, and index of leading economic indicators. Chinese current account, manufacturing purchasing managers index, corporate profits, and index of leading economic indicators.

Other Selected Asian Releases: Indian money growth and index of leading economic indicators. Singapore’s CPI, PPI, and industrial production. Hong Kong’s trade balance and South Korean consumer confidence.

Euroland: Money and bank lending growth, consumer prices, economic sentiment, and index of leading economic indicators.

Members of the Euro Area: German IFO business climate index, wholesale prices, consumer prices, import prices, retail sales, consumer confidence and unemployment. French, Italian, Spanish, Finnish, Austrian, and Cypriot producer prices. Portuguese, Irish Spanish, and Greek retail sales. Portuguese and Austrian industrial production. Spanish and Austrian current accounts. French, Italian and Finnish consumer confidence. Spanish, Belgian, and Italian business sentiment. Austrian and Spanish GDP. Austrian manufacturing purchasing managers index, Greek import prices, French consumer spending, and Finnish trade balance.

U.K. and Switzerland: British current account, GDP, industrial trends survey, distributive trades survey, Nationwide house price index, and consumer sentiment. Swiss current account and ZEW expectations index.

Eastern Europe: Czech business and consumer confidence. Hungary’s PPI.

Nordic Europe: Norwegian and Danish retail sales. Icelandic and Swedish PPI. Icelandic and Danish unemployment. Swedish trade and consumer confidence. Danish GDP.

Turkey and South Africa: Turkish trade balance and manufacturing confidence. South African producer prices, money growth, and domestic credit expansion.

Australia and New Zealand: Australian money and private credit growth. New Zealand housing permits.

Canada: Wholesale turnover, industrial production, producer prices, raw material prices, monthly GDP, and average weekly earnings.

Brazil and Mexico: Brazil’s current account and PPI. Mexican trade and unemployment.

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



Comments are closed.