Next Week’s Menu: October 19-26

October 18, 2019

Central Banks: Monetary policy reviews in Euroland, China, Ukraine, Russia, Turkey, Sweden, Norway, Indonesia, Hungary and Chile. The ECB Governing Council meeting will be the last chaired by Draghi. Kent of the Reserve Bank of Australia and Handane of the Bank of England also speak publicly. The Bank of Canada publishes its business outlook survey.

Holidays and Events: Japan on Tuesday enthrones Naruhito as emperor. IMF/World Bank meetings in Washington continue through Sunday. There’s an Opec meeting on Wednesday. Canada holds a parliamentary election tomorrow, Monday October 21st. Britain’s House of Commons debates and votes tomorrow on whether to accept the Brexit terms negotiated by Prime Minister Johnson with his EU counterparts.

Scheduled U.S. Economic Statistical Releases: New and existing home sales, the FHFA house price index, durable goods orders, the Richmond and Kansas City Fed manufacturing indices, and the Reuters/U. Michigan consumer sentiment index. Also weekly jobless insurance claims, consumer comfort, chain store sales, energy inventories, and mortgage applications.

Japanese Data: Customs trade, corporate service prices, machine tool orders, preliminary purchasing manager (PMI) survey results, department store and supermarket sales, the all industry index, and index of leading economic indicators.

Selective Other Asian Releases: Chinese house prices, Hong Kong trade balance, South Korean producer prices, Singaporean industrial production, and India’s index of leading economic indicators. Malaysian and Singaporean consumer prices.

 Euroland Releases: Preliminary purchasing managers surveys (both manufacturing and services), consumer confidence, index of leading economic indicators, and public sector debt. EU Commission updates forecasts.

Members of the Euro Area: German and French PMI surveys. German IFO business climate index, import prices, producer prices, and consumer confidence. French, Irish and Finnish producer prices.French business confidence and index of leading economic indicators. Dutch consumer sentiment, Greek current account, and Austrian industrial production.

U.K. and Switzerland: British Rightmove house price index and BBA-compiled mortgage approvals. Swiss M3 money growth.

Nordic Europe: Norwegian and Icelandic unemployment. Sweden’s PPI and retail sales. Danish consumer sentiment and Norwegian business confidence.

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

Australia, South Africa, and Turkey: Australian and South African indices of leading economic indicators. Turkish consumer confidence.

Canada, Brazil and Mexico: Canadian and Mexican retail sales. Brazil’s current account. Mexican unemployment and wholesale turnover.

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




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