Next Week’s Menu: August 22-28, 2020

August 21, 2020

Central Bank: Monetary policies will be reviewed in South Korea, Iceland, Hungary and Poland, minutes will be published from the mid-August Bank of Mexico Governing Board meeting.

Special Events: The U.S. Republican Party National Convention runs Monday through Thursday. The annual Jackson Hole central banking symposium is scheduled for Thursday-Friday. Both events will be done virtually for the most part.

Scheduled U.S. Statistical Releases: Quarterly GDP and PCE price deflator. Monthly personal income, personal consumption, PCE deflator, durable goods orders, trade balance, Conference Board and U. Michigan consumer confidence indices, Richmond and Kansas City Fed manufacturing surveys, new home sales, pending home sales, FHFA house price index, Case-Shiller house price index, Chicago regional PMI, and Chicago Fed National Activity index. Weekly jobless insurance claims, consumer comfort, chain store sales, mortgage applications, and energy inventories.

Japanese and Chinese Data: Japanese corporate service prices, consumer confidence, Tokyo CPI, all industry index and index of leading economic indicators. Chinese corporate profits and index of leading economic indicators.

Selected Other Asian Releases: Malaysian, Hong Kong and Thai trade balances. Thai, Taiwanese, and Singaporean industrial production. South Korean and Taiwanese consumer confidence. Taiwanese unemployment and retail sales. Malaysian and Singaporean producer prices. Thai GDP, South Korean business sentiment, and India’s index of leading economic indicators.

Euroland releases: Economic sentiment, M3 money growth, and bank lending.

Members of the Euro Area: German, Finnish and French GDP. Italian, French, Spanish, Finnish, Austrian and Greek producer prices. Italian, German, Greek, Portuguese, Austrian and French consumer confidence. German IFO business climate index and Austrian, Belgian, Dutch, Italian, Greek and French business sentiment. Belgian, Cypriot, and Austrian industrial production. Spanish and Irish retail sales. German import prices and French CPI. Austria’s manufacturing purchasing managers survey.

U.K. and Switzerland: British Nationwide house price index and CBI distributive trades survey. Swiss GDP, KOF index of leading economic indicators, and ZEW investor expectations index.

Nordic Europe: Swedish and Norwegian GDP. Danish, Swedish and Norwegian retail sales. Danish and Norwegian unemployment. Swedish business sentiment, consumer confidence and PPI. Icelandic CPI and PPI.

Eastern Europe: Polish and Hungarian unemployment. Russian and Czech business sentiment. Czech consumer confidence.

New Zealand, Australia, and South Africa: New Zealand trade balance and retail sales. Australian second-quarter business investment and monthly construction work completions. South African leading economic indicators, PPI, and CPI.

Canada, Brazil and Mexico: Canadian quarterly and monthly GDP. Brazilian and Canadian current accounts. Brazilian and Mexican unemployment. Mexico’s trade balance.

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




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