Next Week

August 30, 2019

Central Banks: Monetary policy reviews in Sweden, Russia, Ukraine, Australia, Canada, and Australia. Publication of the Fed Beige Book that documents regional economic trends. Rosengren, Kashkari, Evans, Bowman, Bullard, and Williams are some of the Fed officials with planned speaking engagements. Incoming ECB President Lagarde, ECB Vice President de Guindos and Bank of Japan Board member Kataoka will be speaking publicly as well.

Holidays and Special Events: Labor Day in Canada and the United States on Monday. Parliamentary vote on Brexit plan scheduled for Friday. Labor Day marks the unofficial end of summer season for foreign exchange trading.

PMI Week: Numerous purchasing managers surveys will be released for August during the week, covering manufacturing initially and later the service sector, construction, and non-energy private economies.

Scheduled U.S. Economic Statistical Releases: Quarterly productivity and unit labor costs. Monthly employment, unemployment, hourly wage earnings, construction spending, factory orders, ADP estimate of private sector jobs, IBD/TIPP optimism index, auto sales, trade balance, and NAPM New York regional PMI. Weekly jobless insurance claims, consumer comfort, mortgage applications, chain store sales, and energy inventories.

Japanese Data: Quarterly corporate sales, earnings and investment spending. Monthly monetary base, household spending, labor cash earnings, auto sales, and index of leading economic indicators.

Other Selected Asian Releases: Indonesian, South Korean, Thai and Filipino consumer prices. Malaysia’s trade balance, Thai producer prices, and South Korean GDP.

Euroland: Monthly retail sales and PPI. Quarterly GDP, labor costs, and employment growth.

Members of the Euro Area: Italian and Spanish retail sales. Greek and Cypriot GDP. Dutch and Cypriot consumer prices. German factory orders and industrial production. Greek and French trade balances. French current account and Irish industrial production.

U.K. and Switzerland: British same-store sales, car registrations, and Halifax house price index. Swiss GDP, CPI, and retail sales.

Eastern Europe: Hungarian and Romanian producer prices and retail sales. Czech and Hungarian trade balances. Romanian GDP and Hungarian industrial production.

Nordic Europe: Swedish and Norwegian current accounts.

Australia and New Zealand: Australian corporate profits, current account, GDP, trade balance, and retail sales. New Zealand’s terms of trade.

Turkey and South Africa: Turkish and South African GDP. Turkish CPI and PPI. South Africa’s current account.

Canada, Brazil and Mexico: Canadian monthly labor market statistics, trade balance, and IVEY purchasing managers survey. Quarterly Canadian productivity and unit labor costs. Brazilian industrial production, consumer prices, and trade balance. Mexican consumer confidence.

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



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