Next Week’s Menu: February 1-7, 2020

January 31, 2020

Central Banks: Monetary policy reviews scheduled in Australia, Poland, Russia, India, Thailand, Iceland, Brazil, Romania, and the Czech Republic. The Reserve Bank of Australia will publish its quarterly Monetary Policy Statement. Masai and Wakatabe of the Bank of Japan, Wilkins of the Bank of Canada, Atlanta Fed President Bostic, and Governor Lowe of the Reserve Bank of Australia have public speaking engagements.

Holidays and Events: Mexico observes Constitution Day on Monday. New Zealand’s National Day is on Thursday. In the U.S., the Iowa Caucus is Tuesday,  and Wednesday is the tentative date for the State of the Union Address. Trump’s impeachment will likely be completed next week and result in a partisan acquittal. EU economic forecasts will be revealed.

Purchasing Manager Surveys: Survey results will be reported on each day of next week, covering manufacturing, services, and construction.

Other Scheduled U.S. Economic Data Releases: Quarterly productivity and unit labor costs. Monthly factory orders, trade balance, motor vehicle sales, consumer credit, NAPM, construction spending, ADP private employment, IBD/TIPP optimism index, unemployment rate, jobs growth, and wages. Weekly jobless insurance claims, mortgage approvals, chain store sales, energy inventories, and and consumer comfort.

Euroland Releases: Producer prices, retail sales, and Sentix measure of investor sentiment.

Members of Euro Area: German orders, industrial production, current account, and trade balance. French current account, trade balance, and industrial production. Italian retail sales and consumer prices. Spanish and Irish industrial production. Greek and Portuguese trade balances. Greek and Austrian unemployment. Austrian wholesale prices and Cypriot consumer prices.

U.K. and Switzerland: British same-store sales, car sales, and Halifax house price index. Swiss retail sales, unemployment, and consumer prices.

Eastern Europe: Hungarian and Romanian producer prices. Hungarian, Romanian and Czech industrial production. Czech trade balance.

Nordic Europe: Norwegian and Danish industrial production. Norwegian GDP.

Japanese and Chinese Data: Monetary base, labor cash earnings, household spending, reserves, auto sales, and index of leading economic indicators. China’s trade balance, reserves, and corporate profits.

Selected Other Asian Data: Indonesian, Thai, South Korean, and Filipino consumer prices. Indonesian and Hong Kong GDP. Hong Kong retail sales, Thai PPI, Indonesian consumer confidence, and South Korea’s current account.

Australia and New Zealand: Australian and New Zealand building permits. Australian trade balance, retail sales, and 4Q business conditions and confidence. New Zealand quarterly labor market statistics.

Turkey and South Africa: Turkish consumer and producer prices. South African business sentiment.

Canada, Brazil, and Mexico: Canadian labor market statistics, IVEY-PMI and trade balance. Brazil trade and industrial production. Mexican consumer prices.

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



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