Next Week

October 26, 2018

Central Banks: Monetary policy reviews in Japan, the U.K., Brazil, China, and the Czech Republic. BOJ publishes quarterly Outlook for Economic Growth and Prices. BOJ Governor Kuroda, Bank of England Governor Carney, Chicago Fed President Evans, and Reserve Bank of Australia Assistant Governor Bullock speak publicly.

Holidays, Clock Change, and a 40th Anniversary: Parts of Germany closed Wednesday for Reformation Day. All Saints Day Thursday in Italy, Spain, France and Poland. All Soul’s Day in Brazil and Mexico Friday. European clocks get turned back an hour on October 28th as the region returns to standard time (this will shorten the time differences between Frankfurt and N.Y. to 5 hours and between London and N.Y. to 4 hours. Thursday marks the 40th anniversary of the dollar rescue plan announced by the White House on November 1, 1978, which included an unprecedented full percentage point increase in the Federal Reserve’s interest rate.

October Purchasing Manager Surveys: Surveys covering manufacturing conditions will be reported for Japan, China, India, Taiwan, Thailand, South Korea, Malaysia, Austria, Australia, Germany, Euroland, France, Italy, Spain, Greece, The Netherlands, the U.K., Sweden, Switzerland, Poland, Hungary, The Philippines, Indonesia, Turkey, Canada, Mexico, Brazil, and the United States. A British construction sector PMI survey also will be released.

Scheduled U.S. Economic Statistics: Quarterly productivity and unit labor costs. Monthly non-farm payroll job creation, unemployment, average hourly earnings, personal income and spending, Dallas Fed manufacturing survey, Case Shiller house price index, consumer confidence, construction spending, Chicago regional PMI, ADP estimate of private jobs, and the trade balance. Weekly jobless insurance claims, energy inventories, consumer comfort, chain store sales, and mortgage applications.

Japanese Data: Retail sales, industrial production, unemployment, housing starts, construction orders, motor vehicle output, motor vehicle sales, consumer confidence and the monetary base.

Other Selected Asian Releases: Singaporean, Thai, and Malaysian producer prices. South Korean, Indonesian, and Thai consumer prices. Hong Kong and South Korean retail sales. South Korean industrial production and the Thai trade balance.

Euroland: GDP, unemployment, consumer prices and economic sentiment.

Members of the Euro Area: German import prices, retail sales, CPI and unemployment. French, Spanish, Italian, and Belgian GDP. Italian, Greek, Austrian and Cypriot producer prices. Spanish and Cypriot consumer prices. Irish, Greek, Spanish and Portuguese retail sales. Portuguese and Cypriot industrial production. Italian business and consumer confidence. French consumer spending, Finnish trade and Irish unemployment.

U.K. and Switzerland: British Chancellor of the Exchequer Hammond presents the U.K budget statement on Monday. British data releases next week include money growth, consumer confidence, shop prices, Nationwide house price index and distributive trades survey. Swiss ZEW expectations index, index of leading economic indicators, retail sales, consumer prices, and consumer sentiment.

Nordic Europe: Iceland’s CPI and PPI. Norwegian retail sales and Danish unemployment.

Eastern Europe: Hungarian producer prices and unemployment. Romanian industrial output and PPI.

Canada: Labor statistics, trade balance, PPI and monthly GDP.

Brazil and Mexico: Brazilian trade, industrial production and unemployment. Mexican GDP.

Australia, New Zealand, and South Africa: Australian and New Zealand building permits. Australian import and export prices, PPI, and retail sales. New Zealand business sentiment. South African unemployment, money growth, and domestic credit expansion.

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



Comments are closed.