Next Week

June 21, 2019

Central Banks: Monetary policy reviews in New Zealand, Iceland, Mexico, Thailand, Hungary and the Czech Republic. Bank of Japan publishes minutes from its April meeting and a summary of this month’s meeting. Federal Reserve officials speaking publicly include Chairman Powell, Bullard (who dissented at this week’s FOMC meeting), Bostic and Harker. Bullard and Lowe of the Reserve Bank of New Zealand also will be speaking publicly.

Special Events: This will be the final week of the second quarter, and it culminates with the Group of Twenty Summit in Osaka on June 28-29 where Trump and Xi plan a discussion.

Scheduled U.S. Economic Statistical Releases: Quarterly GDP. Monthly personal income and spending, the PCE price deflator, durable goods orders, new home sales, pending home sales, the advance trade deficit estimate, the Case-Shiller and FHFA house price indices,Chicago Fed National Activity index, Chicago regional purchasing managers survey, Dallas, Richmond, and K.C. Fed manufacturing indices, and the Conference Board and Reuters/U. Michigan indices of consumer confidence. Weekly jobless insurance claims, chain store sales, consumer comfort, mortgage applications, and energy inventories.

Euroland Statistics: Economic sentiment, consumer prices, consumer confidence, and money and private credit growth.

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

U.K. and Switzerland: British quarterly GDP and current account. British monthly distributive trades survey, consumer confidence, Nationwide house price index, and BBA-reported mortgage approvals. Swiss ZEW expectations index and KOF index of leading economic indicators.

Nordic Europe: Swedish and Icelandic producere prices. Icelandic and Norwegian unemployment. Danish, Swedish and Norwegian retail sales. Icelandic wage and consumer price inflation. Sweden’s trade balance and Danish GDP.

Eastern Europe: Czech GDP, business sentiment and consumer confidence. Polish retail sales and Hungarian producer prices.

Japanese and Chinese Data: Japanese retail sales, industrial production, motor vehicle output, unemployment, housing starts, construction orders, corporate service prices, Tokyo consumer prices, and index of leading economic indicators. Chinese current account, corporate profits, and index of leading economic indicators.

Selected Other Asian Releases: Singapore’s CPI, PPI, and industrial production. South Korean retail sales, industrial production, and consumer confidence. India’s current account and index of leading economic indicators. Malaysian CPI and PPI. Thai and Hong Kong trade balances.

Australia and New Zealand: Australian money growth and private credit expansion. New Zealand trade balance, ANZ activity outlook index, and consumer confidence.

Canadian Releases: Monthly GDP, PPI and raw material prices.

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

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



Comments are closed.