Next Week’s Menu: January 4-10, 2020

January 4, 2020

Central Banks: Monetary policy reviews in Poland, Romania, Israel, Peru and Serbia. ECB top economist Lane speaks publicly as do Governor Poloz and Senior Deputy Governor Wilkins of the Bank of Canada. Fed Vice Chair Clarida, St. Louis Fed President Bollard, and NY Fed President Williams also have public speaking engagements.

Purchasing Manager Surveys to Be Released: covering services in Australia, China, Ireland, India, Spain, Italy, Germany, France, Euroland, the U.K., Brazil, Japan and the United States. Publication of non-oil PMIs for Saudi Arabia, Egypt, Lebanon, and the United Arab Emirates and construction PMIs of Australia, France, Italy, Germany, Italy, and Euroland. Manufacturing and/or private PMIs covering Hong Kong, Japan, Singapore, Australia and South Africa.

Scheduled U.S. Economic Statistical Releases: Monthly factory orders, trade deficit, labor market data (employment, jobless rate, and hourly average earnings), Philly Fed manufacturing index, and ADP estimate of private sector jobs. Weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales, and energy inventories.

Euroland: Consumer prices, producer prices, retail sales, business and consumer sentiment, unemployment, and Sentix gauge of investor sentiment.

Members of the Euro Area: German, Italian, French, Spanish, Irish, Greek, and Finnish industrial production. German, French, Austrian, Greek, Cypriot, and Portuguese trade balances. German industrial orders, Bank of France index of French business sentiment, and Austrian wholesale prices. Italian and Dutch consumer prices. German and French current accounts. Irish and Italian retail sales.

U.K. and Switzerland: British quarterly productivity and unit labor costs, plus monthly industrial production, construction output, same-store sales, Royal Institute of Chartered Surveyors’ house price index, Halifax house price index, GDP, trade balance, and auto sales. Swiss consumer prices, retail sales, and unemployment.

Eastern European Releases: Romanian and Hungarian producer prices and retail sales. Czech, Hungarian and Romanian trade balances. Czech and Hungarian industrial production and unemployment.

Nordic Europe: Danish industrial production, consumer prices, unemployment and current account. Norwegian CPI, PPI, and industrial production. Swedish retail sales.

Japanese and Chinese Releases: Japanese household spending, consumer confidence, labor cost earnings, monetary base, international reserve, motor vehicle sales and index of leading economic indicators. Chinese consumer prices, producer prices, reserves, trade balance, foreign direct investment, and money and lending growth.

Selected Other Asian Releases: Malaysian and Indian industrial production. South Korea’s current account and index of leading economic indicators.  Filipino CPI and trade balance. Singaporean retail sales.

Australia and New Zealand: Australian retail sales, trade balance, building permits, consumer confidence and business conditions and confidence. New Zealand quarterly business sentiment.

South Africa and Turkey: South African industrial production and Turkish unemployment.

Canadian Releases: Producer prices, raw material prices, trade balance, housing starts, building permits, and monthly labor market statistics.

Mexico and Brazil: Mexican and Brazilian CPI and industrial production. Brazilian producer prices and Mexican consumer confidence.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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