Next Week’s Menu: July 18-24, 2020

July 17, 2020

Central Banks: Monetary policy reviews in Turkey, Ukraine, South Africa, China and Russia. Minutes to be published of last policy meetings at the Bank of Japan and Reserve Bank of Australia. RBA Governor Lowe speaks publicly.

Holidays and Events: Belgium’s National Day holiday on Tuesday. Japan observes Marine Day on Thursday and Sports Day on Friday. Leaders of the European Union will continue their talks to design of common pandemic recovery plan.

U.S. Economic Statistical Releases: Existing home sales, new home sales, K.C. Fed manufacturing index, Chicago Fed National Activity index, FHFA house price index, index of leading economic indicators, and IHS-compiled preliminary PMI findings. Also weekly jobless insurance claims, mortgage applications, chain store sales, consumer comfort and energy inventories.

Japanese Data: Customs trade balance, corporate service prices, all industry index, consumer prices, and preliminary purchasing manager surveys.

Selected Other Asian Indicators: Consumer prices in Hong Kong, Malaysia and Singapore. Unemployment in Taiwan and Hong Kong. Taiwanese and Singaporean industrial production. South Korean GDP and producer prices. Thai trade balance, Taiwanese retail sales, and China’s index of leading economic indicators.

Euroland: Current account, consumer confidence and preliminary purchasing manager surveys.

Members of the Euro Area: German and French preliminary PMI survey results. German and Belgian consumer confidence. Italian, Portuguese, and Greek current accounts. Spanish, Irish, German and Finnish producer prices. French, Italian and Belgian business confidence. German import prices and IFO business climate index. Spanish and Finnish unemployment.

U.K. and Switzerland: British retail sales, consumer confidence, industrial trends survey, distributive trades survey, public sector net borrowing, Rightmove house price index, and preliminary purchasing managers survey findings. Swiss trade balance and M3 money growth.

Eastern Europe: Polish and Russian retail sales and unemployment. Polish PPI and industrial production. Czech consumer confidence and business sentiment.

Nordic European Data: Swedish, Norwegian and Icelandic unemployment. Swedish and Icelandic producer prices. Icelandic CPI and wage costs. Danish consumer confidence and Norwegian business sentiment.

Australia and New Zealand: Australia’s index of leading economic indicators, CBA-compiled purchasing manager indices, and second-quarter business confidence. New Zealand trade balance and service-sector purchasing managers index.

South African and Turkish Releases: South African retail sales, business confidence and leaders index. Turkish consumer sentiment.

Canada, Mexico, and Brazil: Canadian and Mexican retail sales. Canadian consumer prices and house prices. Brazilian consumer confidence.

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



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