Next Week’s Menu: May 16 – 22, 2020

May 15, 2020

Central Banks: Monetary policies will be reviewed in Indonesia, China, the Philippines, Turkey, Thailand, South Africa and Iceland. Minutes from the most recent reviews will be published by the Federal Reserve and Reserve Bank of Australia.

Events and Holidays: Eurogroup and Euroland finance ministers meetings on Monday and Tuesday. Parliamentary election in Syria on Wednesday. Canada observes Victoria Day, and several countries in Europe will be observing Ascension Day on Thursday.

Scheduled U.S. Economic Statistical Data Releases: Philly Fed manufacturing index, housing starts, building permits, National Association of Home Builders housing index, IHS-compiled purchasing managers surveys, and index of leading economic indicators. Weekly jobless insurance claims, chain store sales, mortgage applications, consumer comfort, and energy inventories.

Japanese and Chinese Data: Japanese quarterly GDP and GDP price deflator. Japanese monthly industrial production, capacity utilization, preliminary purchasing manager survey findings, customs trade balance, machinery orders, and tertiary index. Chinese home prices and index of leading economic indicators.

Selected Other Asian Releases: Taiwanese and Indonesian current accounts. Thai GDP and trade balance. Unemployment in Hong Kong and Thailand. Malaysian and Hong Kong CPI. South Korea’s PPI and Singapore’s trade balance.

Euroland Releases: CPI, current account, consumer confidence, preliminary PMI survey findings, new car sales, ZEW expectations index, and construction output.

Members of the Euro Area: German and French preliminary PMI surveys. German ZEW expectations measure of investor confidence, import prices, new car sales and consumer confidence. Spanish industrial orders and trade balance. Irish and Portuguese producer prices. Greek and Italian current accounts. Portuguese, Austrian and Cypriot consumer prices. Dutch and Belgian consumer confidence. Dutch unemployment and household spending.

U.K. and Switzerland: British quarterly productivity and monthly CPI, PPI, RPI, ONS house price index, public sector net borrowing, retail sales, labor market statistics and Rightmove house price index. Swiss ZEW expectations index.

Eastern Europe: Russian and Polish industrial production. Czech and Polish producer prices. Polish retail sales and Russian GDP.

Nordic Europe: Danish consumer confidence and Icelandic consumer prices.

Australia and New Zealand: Australian preliminary purchasing managers survey, index of leading economic indicators, and home loans. New Zealand service sector PMI, consumer prices, producer prices, food prices and retail sales.

South Africa and Turkey: South African retail sales and factory output. Turkish consumer confidence.

Canada, Mexico and Brazil: Canadian and Mexican retail sales and wholesale turnover. Canadian CPI and house prices. Brazilian business sentiment index.

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


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