Coming Week’s Menu: February 8-14

February 8, 2020

Central Banks: Monetary stances will be reviews by central banks in New Zealand, Sweden, Mexico, Peru, and Serbia. Fed Chairman Powell gives his semi-annual two-day congressional testimony on Tuesday-Wednesday, first before the House Financial Services Committee and then in reprise the following day before the Senate Banking Committee. Numerous other central bankers have will speak publicly during the week, including Harker, Bowman, Kashkari, Daly, Bullard, Williams, and Quarles of the Federal reserve, as well as Lagarde, Lane, Schrabel, Panetta, and Hernandes de Cos of the European Central Bank, Carney and Haskel of the Bank of England, Amamiya of the BOJ, Lowe of the Reserve Bank of Australia, Orr of the Reserve Bank of New Zealand, and Poloz of the Bank of Canada.

Holidays and Events: Japan’s National Foundation Day falls on Tuesday. The New Hampshire primary election is also on Tuesday, and the EU Commission releases its Winter Economic Forecast on Thursday.

Scheduled U.S. Economic statistical Releases: Consumer prices, retail sales, import prices, industrial production, capacity utilization, real hourly earnings, the NFIB small business sentiment index, the Labor Department’s JOLTS report, U. Michigan/Reuters index of consumer sentiment, and the January federal budget. Weekly consumer comfort, jobless insurance claims, mortgage applications, chain store sales and energy inventories.

Japanese and Chinese Data: Japanese producer prices, current account, bankruptcies, money growth, bank lending, economy watchers’ index, tertiary index, and machine tool orders. Chinese money and bank lending growth, foreign direct investment, consumer prices, producer prices, retail sales and industrial production.

Selected Other Asian Releases: South Korean import prices, unemployment and index of leading economic indicators. Indonesian and Singaporean retail sales. Malaysian and Indonesian current accounts. Indian and Filipino trade balances. Indian wholesale prices and industrial production. Malaysian GDP growth.

Euroland: Quarterly GDP and employment. Monthly trade balance, industrial production, Sentix gauge of investor sentiment, and index of leading economic indicators.

Members of the Euro Area: German, Cypriot, Finnish, and Dutch GDP. German CPI and WPI. Dutch, Greek, Spanish, and Portuguese consumer prices. Belgian, Italian, Finnish, Irish and Cypriot trade balances. Italian and Greek industrial production. Ireland’s construction purchasing managers index, Greek import prices, Spain’s index of leading economic indicators, and French business sentiment.

U.K. and Switzerland Data: British GDP (4Q and December), industrial production, construction output, trade balance, index of leading economic indicators, and Royal Institute of Chartered Surveyors’ house price balance. Swiss consumer prices, producer prices, import prices, and unemployment.

Nordic Europe: Danish and Norwegian consumer prices. Norwegian consumer confidence and PPI. Denmark’s current account.

Eastern Europe: Romanian, Hungarian, Czech and Polish consumer prices. Romanian, Hungarian and Polish GDP. Romanian and Hungarian industrial production. Romanian current account and trade balance. Polish current account.

Australia and New Zealand: Australian home loans, business conditions and confidence, and Westpac consumer confidence index. New Zeland food prices and manufacturing purchasing managers index.

South Africa and Turkey: Turkish and South African unemployment, industrial production, and retail sales. South African wholesale turnover and Turkey’s current account.

Canada, Mexico and Brazil: Canadian housing starts, building permits, and existing home sales. Mexican industrial production, and index of leading economic indicators. Brazilian retail sales.

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




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