Next Week’s Menu: February 22-28, 2020

February 21, 2020

Central Banks: Interest rate policies to be reviewed in Israel, South Korea, and Hungary. Mester, Clarida, and Evans of the Federal Reserve will be speaking publicly. So too will ECB President Lagarde, Deputy Governor Lane of the Bank of Canada, and both Kataoka and Amamiya of the Bank of Japan.

Holidays and Events: Brazil celebrates Carnival on Monday-Tuesday and Ash Wednesday. Democratic Caucuses in Nevada on Saturday. The World Banknote Summit in Prague runs Monday to Wednesday.

Scheduled U.S. Economic Data Releases: Quarterly GDP. Monthly Personal income and spending, the PCE price deflator, new home sales, pending home sales, the FHFA house price index, the Case Shiller house price index, Conference Board’s consumer confidence index, U. Michigan/Reuters consumer sentiment index, durable goods orders, Chicago regional PMI, Chicago Fed National Activity Index, and the Kansas City, Richmond, and Dallas Fed manufacturing indices. Also weekly jobless insurance claims, mortgage applications, chain store sales, consumer comfort and energy inventories.

Euroland Releases: Consumer prices, business sentiment, consumer confidence, and money and bank lending growth.

Members of the Euro Area: German, French, Belgian, Portuguese and Cypriot GDP. German, Irish, and Greek retail sales. German, Spanish, and Italian consumer prices. French and Italian business sentiment and consumer confidence. German and Finnish unemployment. German import prices and IFO business climate index. French, Finnish and Spanish producer prices. Spanish current account and Austrian industrial production.

U.K. and Switzerland: British shop prices, Nationwide house price index, consumer confidence and CBI distributive trades survey. Swiss retail sales, ZEW expectations index and KOF index of leading economic indicators.

Nordic Europe: Danish and Norwegian retail sales. Icelandic GDP and PPI. Norwegian unemployment.

Eastern Europe: Czech business sentiment, consumer confidence and producer prices. Polish GDP and unemployment.

Japanese and Chinese Data Releases: Japanese industrial production, retail sales, corporate service prices, unemployment, auto output, housing starts, construction orders, supermarket sales, Tokyo CPI, and index of leading economic indicators. Chinese industrial production, retail sales, fixed asset investment, and index of leading economic indicators.

Selected Other Asian Releases: Singaporean, Hong Kong and Indian GDP. South Korean and Singaporean industrial production. Hong Kong trade balance and Thai current account. South Korean retail sales and India’s index of leading economic indicators.

Australia, New Zealand and South Africa: Australian fourth-quarter business investment and monthly construction completions and money and credit growth. New Zealand retail sales, trade balance, and ANZ business confidence. South African producer prices, trade balance, leading economic indicators, and money and private credit growth.

Canada, Mexico and Brazil: Canadian December and 4Q GDP growth. Canadian current account, PPI and raw materials index. Mexican GDP, current account, retail sales, trade balance, and unemployment. Brazilian GDP.

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




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