Next Week

January 18, 2019

Central Banks: Monetary policy meetings in Norway, Euroland, Japan, Malaysia and South Korea. BOJ Governor Kuroda and ECB President Draghi hold press conferences after their central bank meetings. Bank of Japan also publishes new quarterly Outlook Report.

Holidays and Special Events: U.S. Martin Luther King holiday on Monday. World Economic Forum in Switzerland runs from Tuesday to Friday. French President Macron and German Chancellor Merkel to renew their treaty of friendship and co-operation on Tuesday.

Scheduled U.S. Data: Menu could be heavy or thin depending on evolution of the government shutdown. If settled, some postponed releases may be reported. Releases scheduled next week include new and existing home sales, the FHFA house price index, the Richmond and K.C. Fed manufacturing indices, retail sales, and index of leading economic indicators. Also the usual weekly jobless insurance claims, energy inventories, mortgage applications, chain store sales, and consumer comfort. One indicator not widely followed that will be important if shutdown persists will be the IHS preliminary purchasing manager survey results on Thursday.

Japanese and Chinese Releases: Japanese customs trade balance, all industry index, preliminary manufacturing PMI survey, index of leading economic indicators, department store sales, supermarket sales and Tokyo consumer prices. Chinese retail sales, industrial production, unemployment, fixed asset investment, GDP, and property prices.

Selected Other Asian Data: Malaysian, Singaporean, and Hong Kong consumer prices. India’s index of leading economic indicators and Singapore industrial production. South Korean PPI and GDP.

Euroland: Preliminary purchasing manager surveys, preliminary consumer confidence, and ZEW index of investor sentiment.

Members of the Euro Area: German PPI, import prices, ZEW index of investor sentiment, consumer confidence, and IFO business climate index. German and French preliminary purchasing manager indices. French business sentiment and index of leading economic indicators. Spanish, Irish, and Finnish producer prices. Portuguese and Greek current accounts. Dutch and Belgian consumer confidence. Austrian industrial production.

U.K. and Switzerland: British labor statistics, public sector borrowing, and CBI surveys of industrial trends and distributive trades. Swiss money growth and trade balance.

Eastern Europe: Polish retail sales. Czech consumer confidence and business sentiment.

Nordic Europe: Swedish unemployment, PPI, and retail sales. Icelandic wage inflation.

Australia and New Zealand: Australian employment, unemployment, CBA PMI surveys, index of leading economic indicators, and new home sales. New Zealand consumer prices and service sector purchasing managers index.

South Africa and Turkey: South African CPI and unemployment. Turkish consumer sentiment.

Canada and Mexico: Canadian retail sales and survey of manufacturing orders, sales and inventories. Mexican unemployment, retail sales, and wholesale turnover.

Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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