Next Week’s Menu: June 6 – 12, 2020

June 5, 2020

Central Banks: Policy reviews by the Fed and central banks in Ukraine, Serbia, and Peru. The FOMC will release updated forecasts, and Chairman Powell will hold a news conference.

Events and Holidays: There will be monthly meetingsĀ  of OPEC, the Eurogroup, and EcoFin. Australia observes the Queen’s birthday on Monday. Wednesday is Portugal Day. Corpus Christi will be observed Thursday in Brazil and some European countries, and Friday is both Russia Day and the Filipino Independence Day.

Scheduled U.S. Statistical Releases: CPI, PPI, import prices, Employment Trends index, JOLTs index, IBD/TIPP Optimism index, real wage earnings, federal budget, U. Michigan consumer sentiment index, and NIFB small business sentiment index. Also weekly chain store sales, consumer comfort, mortgage applications, energy inventories and jobless insurance claims.

Japanese and Chinese Data: Japanese producer prices, revised industrial production, capacity utilization, tertiary index, machine tool orders, machinery orders, labor cash earnings, money growth, business sentiment, and economy watchers index. Chinese consumer prices, producer prices, trade balance, foreign direct investment, and money and bank lending growth.

Selected Other Asian Data: Indian, Taiwanese, and Filipino trade balances. Indian and Hong Kong industrial production. South Korean unemployment and index of leading economic indicators. Indonesian retail sales and consumer confidence. Indian CPI.

Euroland Indicators: First-quarter GDP and employment growth. Monthly industrial output and Sentix gauge of investor sentiment.

Members of the Euro Area: German, French, Italian, Dutch, and Irish industrial production. German, French, and Finnish current account and trade balances. French, Spanish, Irish, Dutch, Greek and Portuguese consumer prices. Finnish, Cypriot, and Portuguese trade balances. Greek unemployment and import prices. Irish construction purchasing managers survey and German index of leading economic indicators.

U.K. and Switzerland: British monthly GDP, industrial production, construction output, trade balance, same-store sales, RICs house price balance, and index of leading economic indicators.

Nordic Europe: Norwegian, Danish and Swedish consumer prices. Norwegian PPI, Danish industrial production, and Sweden’s current account.

Eastern Europe: Czech, Romanian, Hungarian and Polish consumer prices. Romanian and Czech current accounts. Hungarian, Romanian and Czech trade balances. Czech and RomanianĀ  industrial production. Czech unemployment and Romanian GDP.

Australian and New Zealand Indicators: Australian home loans, Westpac consumer confidence index, and NAB business conditions and confidence. New Zealand’s manufacturing purchasing managers index, ANZ business sentiment index and food prices.

Turkey and South Africa: Turkish and South African unemployment and industrial output. Turkish current account and retail sales. South African business sentiment.

Canada, Mexico and Brazil: Canadian 1Q capacity utilization. Mexican and Brazilian consumer prices. Mexican industrial production and Brazilian producer prices.

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




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