Next Week’s Menu: May 2-8, 2020

May 1, 2020

Central Banks: Monetary policies will be reviewed in Australia, Russia, Chile, Peru, the U.K., Malaysia, the Czech Republic, Norway, and Brazil. The Bank of England publishes a quarterly Inflation Report, and Governor Bailey presides over a press conference.

Purchasing Manager Surveys: PMIs get released on every day of next week. The largest number will cover the manufacturing sector. Service sector PMIs for India, Ireland, Russia, Sweden, the U.K., the U.S., Australia, Italy, France, Spain, Germany, Euroland, Japan, and Brazil compose the next largest number. The Institute of Supply Management U.S. non-manufacturing PMI report will draw particular interest. Private PMI’s for Hong Kong, South Africa, Lebanon and Singapore and non-oil private PMI’s for Egypt, Saudi Arabia and the United Arab Emirates also are due, and the final set covering the construction sector includes Australia, Great Britain, Euroland, Germany, France and Italy.

Holidays: Golden Week continues in Japan with Greenery Day on Monday, Children’s Day on Tuesday and Constitution Day on Wednesday. The Dutch celebrate Liberation Day on Tuesday, and the Singapore and Indonesia observe Vesak Day on Thursday. VE Day on Friday falls on a special 75th anniversary of the end to the European theater of fighting in World War II. Markets will be closed in Denmark, France and the Czech Republic, as well as in the U.K., where a day off on Friday the 8th is substituting for the early spring bank holiday that normally falls on the first Monday of May. China observes Day on Tuesday.

Scheduled U.S. Statistical Releases: Quarterly productivity and unit labor costs. Monthly employment, average hourly earnings, unemployment, trade balance, consumer credit, NAPM New York regional PMI, and IBD/TIPP optimism index. Weekly jobless insurance claims, consumer comfort, chain store sales, energy inventories, and mortgage applications.

Euroland: Retail sales, producer prices and Sentix measure of investor confidence.

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

Eastern Europe: Romanian, Hungarian, and Czech retail sales. Hungarian and Russian consumer prices. Hungarian and Czech trade balances. Czech construction output and Hungarian industrial production.

Nordic Europe: Danish, Norwegian, and Swedish industrial production. Romanian PPI and Swedish GDP. Norwegian unemployment.

Japan and China: Japanese household spending, average cash earnings and monetary base. Chinese trade balance and reserves.

Selected Other Asian Releases: Indonesian, Hong Kong, and Filipino GDP. Indonesian and South Korean CPI. Consumer confidence and business sentiment will be reported in both Thailand and Indonesia. Filipino and Malaysian industrial production. Hong Kong retail sales, Filipino trade, and South Korea’s index of leading economic indicators.

Australia and New Zealand: Australian and New Zealand building permits. Australian retail sales, trade balance and new home sales. New Zealand quarterly labor statistics.

Turkey and South Africa: Turkish CPI and PPI. South African business sentiment.

Canada: Housing starts, building permits, trade balance, IVEY-PMI index and monthly labor statistics.

Brazil and Mexico: Brazilian consumer prices, industrial production and trade balance. Mexican CPI, business confidence and consumer sentiment.

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



Comments are closed.