Next Week

March 22, 2019

Central Banks: Policy meetings in Mexico, New Zealand, South Africa, Chile, Hungary and the Czech Republic. Many Fed officials have public speaking engagements including Harker, Rosengren, Clarida, Williams, Quarles, Evans, George and Bullard.  ECB President Draghi, Vice President DeGuindos, and Executive Board members Praet and Mersch also will be speaking. So will Ellis and Kent of the Reserve Bank of Australia and  Harada from the Bank of Japan. A summary of the last Bank of Japan Board meeting and minutes from the last Central Bank of Brazil policy meeting get published.

U.S. Statistical Economic Data Releases Next Week: Quarterly current account and real GDP. Monthly trade deficit, Conference Board consumer sentiment index, U. Michigan/Reuters consumer confidence, new home sales, pending home sales, personal income and spending, PCE price deflator, durable goods gorders, housing starts, building permits, Chicago PMI, Chicago Fed National Activity index, and K.C., Dallas, and Richmond Fed manufacturing surveys. Weekly jobless insurance claims, consumer comfort, energy inventories, mortgage applications, and chain store sales.

Japanese Data Releases: Unemployment, industrial production, retail sales, housing starts, motor vehicle production, corporate service prices, Tokyo CPI, and the all industry index.

Other Selected Asian Releases: Malaysian, Filipino, and Singapore producer prices. Chinese and Indian current accounts. South Korean and Singapore industrial production. Hong Kong and Thai trade balances. Chinese corporate profits and index of leading economic indicators. South Korean retail sales and consumer confidence.

Euroland: Economic sentiment, consumer prices, money growth, and credit expansion.

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

U.K. and Switzerland: British GDP, current account, distributive trades survey, mortgage approvals, M4 money growth, consumer credit, and Nationwide house price index.

Eastern Europe: Hungarian producer prices and current account. Czech business sentiment and consumer confidence.

Nordic Europe: Danish, Swedish, and Norwegian retail sales. Danish, Norwegian and Icelandic unemployment. Swedish and Icelandic producer prices. Danish GDP and Icelandic CPI. Swedish consumer sentiment and trade balance.

Australia and New Zealand: Australian index of leading economic indicators and money and private credit expansion. New Zealand trade balance, business sentiment, consumer confidence and building permits.

South Africa and Turkey: South African money and credit growth, trade balance, PPI, and index of leading economic indicators. Turkish unemployment.

Canada: Monthly GDP, trade balance, PPI, and raw materials price index.

Brazil and Mexico: Brazilian consumer confidence. Mexican retail sales, trade balance, and wholesale turnover.

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



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