Next Week’s Menu: January 11 – 17th

January 10, 2020

Central Banks: Turkey, South Africa and South Korea are holding scheduled monetary policy reviews. Bank of Japan Branch managers hold a quarterly meeting and will release a report on regional economic conditions. The Federal Reserve’s regional study known as the Beige Book gets published. Minutes from the last European Central Bank Governing Council meeting will be published. Williams and George of the Fed speak publicly. So do Saunders of the Bank of England and Governor Kuroda of the Bank of Japan.

Holidays and Special Events: Japanese markets closed Monday for Coming of Age Day. China and the United States are scheduled to sign the Phase I trade agreement in Washington on Wednesday. Voters in Taiwan elect their president and members of parliament on Saturday, tomorrow. It’s also quite possible that the U.S. senate impeachment trial of President Trump will have begun by week’s end.

Scheduled U.S. Economic Statistical Releases: Consumer prices, retail sales, producer prices, December’s federal budget balance, housing starts, building permits, industrial production, capacity usage, small business sentiment, employment trends index, IBD/TIPP optimism index, the Philly Fed and Empire State manufacturing indices, the National Association of Home Builders housing index, the JOLTS index of job hires and separations, Treasury-compiled capital flows, import prices, and the U. Michigan/Reuters consumer confidence index. Also weekly jobless insurance claims, consumer comfort, chain store sales, energy inventories, and mortgage applications.

Japanese and Chinese Data: Japanese and Chinese money and bank lending growth. Japanese bankruptcies, machinery orders, producer prices, machine tool orders, economy watchers index, current account, and tertiary index. Chinese fourth-quarter GDP. Chinese trade balance, retail sales, industrial production, fixed asset investment, foreign direct investment, housing prices and unemployment rate.

Selected Other Asian Data Releases: Singaporean, Indonesian, Indian and South Korean trade balances. Malaysian and South Korean unemployment. Indian consumer prices and wholesale prices. South Korean import prices.

Euroland Releases: Industrial production, current account, trade balance, car sales, construction output, CPI, index of leading economic indicators, and ZEW index of investor sentiment.

Members of the Euro Area: German 2019 GDP and annual budget balance-to-GDP ratio. German CPI, WPI, index of leading economic indicators and ZEW index of investor sentiment. Spanish, French, Italian, Cypriot, Austrian, Finnish, Irish, and Portuguese consumer prices. Italian and Dutch retail sales. Italian, Irish, Dutch, and Belgian trade balances. Greek PPI and import prices. Irish construction purchasing managers survey. Finnish current account and Dutch unemployment.

U.K. and Switzerland: British industrial production, construction output, trade balance, ONS house price index, RICs housing price balance, car sales, retail sales, CPI, RPI, PPI, and index of leading economic indicators. Swiss PPI and import prices.

Eastern Europe: Polish, Czech, Romanian and Hungarian consumer prices. Hungarian and Romanian industrial production. Poland’s current account, Czech retail sales and PPI.

Nordic Europe: Norwegian housing prices and trade balance. Sweden’s CPI and Denmark’s PPI.

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

Canada, Brazil and Mexico: Canadian existing home sales. Brazilian retail sales and trade balance. Brazilian and Mexican indices of leading economic indicators.

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




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