Next Week

April 5, 2019

Central Banks: The European Central Bank heads a list of scheduled central banks that will be reviewing monetary policy next week. Serbia, Peru and Israel are also on that list. Minutes from the FOMC meeting in March will be published. Mersch and Draghi of the ECB, DeBelle of the Reserve Bank of Australia, Fed Vice Chairman Clarida of the Federal Reserve, and Bank of Japan Governor Kuroda will be speaking publicly.

Special Events: Political leaders of the European Union meet on Wednesday. Brexit tops the agenda. If no Brexit deal is contrived and no further delay in the Brexit timetable occurs, the U.K. is set to leave the EU on Friday, but odds favor some intervention to avoid such.

Scheduled U.S. Economic Statistical Releases: Consumer prices, producer prices, import prices, real hourly earnings, factory orders, Labor Department JOLTS index, IBD/TIPP Optimism index, NFIB small business sentiment index, federal monthly budget deficit, U. Michigan/Reuters consumer sentiment, Conference Board’s employment trends index, and weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales, and energy inventories.

Japan and China: Japanese current account, consumer confidence, machinery orders, machine tool orders, bank lending, money supply growth, tertiary index of services, corporate bankruptcies, and economy watchers index. Chinese CPI, PPI, trade balance, foreign direct investment, money growth, bank lending and international reserves.

Selected Other Asian Data: Indian and Malaysian industrial production. South Korean import prices and index of leading economic indicators. Singapore’s retail sales and GDP. Malaysian unemployment and Filipino trade balance.

Euroland: Industrial production and home prices.

Members of the Euro Area: German, French, Spanish, Greek, and Portuguese consumer prices. German, Austrian, Finnish, Dutch, Cypriot, and Portuguese trade balances. Irish, French, Greek, and Italian industrial production. German current account, Italian retail sales, French business sentiment, Greek unemployment, and Irish construction purchasing managers index.

British and Swiss Data: U.K. same store sales, industrial production, trade balance, construction output, monthly GDP, index of leading economic indicators, RICs house price balance, and car sales. Swiss unemployment.

Nordic Europe: Danish and Swedish current accounts. Norway’s CPI and PPI.

Eastern Europe: Romanian and Czech trade balances. Hungarian industrial production and consumer prices. Czech unemployment and Poland’s current account.

Australia and New Zealand: Australian consumer confidence and housing loans. New Zealand food prices, manufacturing purchasing managers index, and home sales.

South Africa and Turkey: South African industrial production and business sentiment. Turkey’s current account.

Mexico and Brazil: Mexican industrial production, CPI and PPI. Brazilian retail sales and consumer prices.

Canadian Data: Housing starts, building permits, and new home prices.

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



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