Next Week’s Menu: July 27 – 31, 2020

July 24, 2020

Central Banks: The fifth scheduled meeting of the Federal Reserve Open Market Committee is set for Tuesday-Wednesday and will be followed by Chairman Powell’s press conference. Bank of Japan Deputy Governor Amamiya also speaks publicly during the week, and a summary of the last BOJ meeting will get published.

Holiday: The Muslim festival of Eid-al-Adha will be observed in Singapore and Indonesia on Friday.

Scheduled U.S. Economic Statistical Releases: Second-quarter GDP, employment cost index, and PCE price deflator. Monthly personal income, household consumption, Case Shiller house price index, pending home sales, durable goods orders, Chicago regional PMI, Dallas and Richmond Fed manufacturing indices, advance trade balance, and U. Michigan/Reuters consumer sentiment. Weekly jobless insurance claims, mortgage applications, chain store sales, consumer comfort, and energy inventories.

Japanese and Chinese Releases: Japanese retail sales, index of leading economic indicators, all industry index, corporate service prices, industrial production, unemployment, consumer confidence, housing starts and construction orders. Chinese NBS-compiled manufacturing and non-manufacturing purchasing manager surveys and corporate profits.

Selected Other Asian Data: Hong Kong, South Korean and Thai retail sales. Taiwanese and Hong Kong GDP growth. South Korean and Taiwanese consumer confidence. South Korean and Thai industrial production. Singapore unemployment and producer prices. Thailand’s current account, Hong Kong’s trade balance, and India’s index of leading economic indicators. South Korean and Singapore business sentiment.

Euroland: Quarterly GDP growth. Monthly economic sentiment, consumer prices, unemployment, and money and credit growth.

Members of the Euro Area: German, French, Italian, Spanish, Belgian and Austrian GDP. German, French, Italian, Spanish, Finnish, Belgian, and Portuguese consumer prices. German, Spanish, and Italian unemployment. German, Italian, Spanish, Portuguese, Irish and Greek retail sales. Belgian and Cypriot industrial production. German IFO business climate index and import prices. French, Austrian, Belgian, Greek, and Cypriot producer prices. Dutch, Austrian and Portuguese business sentiment. Spanish current account and French consumer spending.

U.K. and Switzerland: British money growth, mortgage approvals, auto production, Nationwide house price index, consumer credit, and distributive trades survey. Swiss retail sales, KOF index of leading economic indicators, and ZEW Expectations index.

Nordic Europe: Norwegian and Swedish retail sales. Norwegian and Danish unemployment. Swedish and Danish business sentiment. Swedish trade balance and consumer confidence.

Eastern Europe: Hungarian trade balance and unemployment. Czech GDP, Russian business confidence, and Poland’s CPI.

Australia and New Zealand: Australian and New Zealand building permits. Australian CPI, PPI, import prices, M3 money growth, and domestic credit expansion. New Zealand business confidence.

South Africa and Turkey: South African money and credit growth, CPI and PPI. South African and Turkish trade balances.

Canadian Data: Monthly GDP, PPI, raw material prices, and average weekly earnings.

Mexico and Brazil: Mexican and Brazilian unemployment. Mexican business sentiment and trade balance. Brazilian current account and producer prices.

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



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