Next Week’s Menu: July 11-17, 2020

July 10, 2020

Central Banks: Monetary policy reviews are scheduled at the European Central Bank (ECB), Bank of Japan (BOJ), Bank of Canada and in South Korea, Indonesia, Chile and Poland. BOJ Governor Kuroda, ECB President Lagarde, Bank of Canada Governor Macklem, Swiss National Bank President Jordan, and Bank of England Governor Bailey will be speaking publicly. The Fed Beige Book, Bank of Canada Monetary Policy Report, and BOJ Outlook for Economic Growth and Prices will be published.

Holidays and Special Events: France’s Bastille Day falls on Tuesday. Poland’s run-off presidential election is set for Sunday. There is an EU-India summit on Wednesday and a summit of EU political leaders on Friday to discuss a Covid recovery policy.

U.S. Scheduled Statistical Data Releases: Consumer prices, real wage earnings, retail sales, small business sentiment, Philly Fed and Empire State manufacturing indices, June federal budget, industrial production, capacity utilization, National Association of Home Builders housing index, housing starts, building permits, Treasury-compiled capital flows, Conference Board index of consumer confidence, U. Michigan/Reuters consumer sentiment index, and import prices. Also weekly jobless insurance claims, consumer comfort, mortgage applications, energy inventories, and chain store sales.

Chinese and Japanese Data: Chinese quarterly GDP and capacity usage, plus monthly unemployment, fixed asset investment, retail sales, industrial production, and money growth. Japan’s tertiary index of service sector activity.

Other Selected Asian Releases: Hong Kong and Indonesian business confidence. South Korean, Indian, and Indonesian trade balances. South Korean and Malaysian unemployment. Indian CPI and PPI. Malaysian industrial production, South Korean import prices, and Singapore’s GDP.

Euroland Releases: Industrial production, construction output, consumer prices, trade balance and ZEW investor expectations.

Members of the Euro Area: German, Italian, French, Austrian and Finnish consumer prices. Greek import prices and Portugal’s PPI. Spanish, Belgian, Dutch, Italian and Irish trade balances. Irish consumer confidence and construction purchasing managers survey. German Zew expectations index and Italian factory orders. Dutch unemployment, French index of leading economic indicators, and Finland’s current account.

U.K. and Switzerland: British CPI, PPI, unemployment, employment, average hourly earnings, trade balance, industrial production, construction, monthly GDP, same store sales, and Rightmove house price index. Swiss producer prices, import prices, and trade balance.

Eastern Europe: Romanian, Russian, and Hungarian industrial production. Russian and Czech producer prices. Poland’s CPI, trade balance and current account.

Nordic European Releases: Swedish CPI, Danish PPI, and Norway’s trade balance.

Australia and New Zealand: Australian labor market statistics, Westpac consumer confidence index, and new home sales. New Zealand food prices, consumer prices, and manufacturing PMI.

Turkey and South Africa: Turkish retail sales, industrial production and current account. South African consumer prices and producer prices.

Latin American Data: Mexican and Brazilian indices of leading economic indicators. Mexican and Colombian industrial production. Colombian retail sales.

Canadian Releases: Consumer prices, wholesale turnover, and survey of manufacturing sales, orders and inventories.

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



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