Next Week’s Menu: July 4-10, 2020

July 3, 2020

Central Banks: Monetary policy reviews are scheduled in Australia, Serbia, Sri Lanka, Poland, Romania, Israel and Peru. Quarles, Barkin, Bostic and Daly of the Federal Reserve and Lagarde and Guindos of the European Central Bank will speak publicly. Parliamentary testimony will be given by some Bank of England officials, and the Bank of Canada’s Business Outlook Survey will be published.

Events and Holidays: A meeting of euro area finance ministers is scheduled, and Singapore holds an election. Thursday is Constitution Day in Brazil.

Scheduled U.S. Statistical Releases: Non-manufacturing purchasing managers survey, PPI, auto sales, employment trends index, IBD/TIPP optimism index, JOLTS index and consumer credit. Weekly jobless insurance claims, mortgage applications, energy inventories, consumer comfort, and chain store sales.

Japan and China: Japanese reserves, current account, machinery orders, machine tool orders, household spending, money growth, economy watchers index, average cash earnings, and index of leading economic indicators. Chinese CPI, PPI and reserves.

Selected Other Asian Releases: Thai and Taiwanese consumer and producer prices. Hong Kong’s private purchasing managers survey and non-oil PMIs of Egypt, Saudi Arabia, and United Arab Emirates. Taiwanese and Filipino trade balances and South Korea’s current account. Indian and Filipino industrial production. Indonesian and Filipino consumer confidence. Indonesian retail sales, Filipino consumer prices, and South Korea’s index of leading economic indicators.

Euroland: Retail sales, home prices, Sentix measure of investor sentiment, and construction purchasing managers survey.

Members of the Euro Area: German, French, and Irish current accounts. German, French, Greek, Portuguese, Cypriot, Finnish, and Austrian trade balances. German, French and Italian construction PMI surveys. German, French, Italian, Spanish, Irish, Dutch, Greek, Finnish and Portuguese industrial production. French, Italian, Austrian, and Belgian retail sales. Irish, Portuguese, Greek and Finnish consumer prices. Spanish consumer confidence, Greek unemployment and Austrian wholesale prices.

U.K. and Switzerland: British quarterly productivity and monthly car sales, construction PMI, Halifax house price index, and index of leading economic indicators. Swiss unemployment.

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

Nordic Europe: Swedish, Danish and Norwegian industrial production. Norwegian and Danish consumer prices. Denmark’s current account, Norwegian producer prices, and Swedish factory orders.

Australian and New Zealand Data: Australian AIG-compiled purchasing managers index, Westpac-compiled consumer confidence index, and home loans. New Zealand quarterly business confidence and capacity utilization.

South Africa and Turkey: South African business sentiment, consumer confidence and factory output. Turkish unemployment.

Canada, Mexico and Brazil: Canadian unemployment, employment, average wage earnings, housing starts, house prices and IVEY-PMI. Mexican and Brazilian consumer prices and industrial production.Brazilian retail sales.

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



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