Next Week’s Menu: September 5-11, 2020

September 4, 2020

Central Banks: Monetary policy reviews in Canada, Poland, Malaysia, Peru, Serbia and, most importantly, the European Central Bank where updated staffing macroeconomic forecasts will be unveiled. ECB President Lagarde and Bank of Canada Governor Macklem speak publicly.

Holidays and Events: U.S. and Canadian Labor Day, as well as Brazilian Independence Day on Monday. Euroland finance ministers meet on Friday. The first of two public debate between the Japanese Liberal Democratic Party leadership candidates will be held on Wednesday. A second debate is set for September 12, and the party leadership vote on September 14 will in effect choose the next Japanese Prime Minister.

Scheduled U.S. Economic Statistical Releases: Consumer prices, producer prices, real wage earnings, small business sentiment, employment trends index, and JOLTs index of job openings, hires and worker separations. Weekly jobless insurance claims, consumer comfort, mortgage applications, energy inventories, and chain store sales.

Japanese and Chinese Data: Japanese quarterly GDP and business sentiment. Monthly Japanese current account, PPI, machinery orders, machine tool orderes, economy watchers index, reserves, money and bank lending growth, and index of leading economic indicators. Chinese trade balance, money and lending growth, CPI, PPI, and foreign direct investment.

Selected Other Asian Releases: Thai and Taiwanese consumer prices. Indian and Malaysian industrial production. South Korean and Malaysian unemployment. Indonesian retail sales, Filipino trade balance, Thai PPI, and Indonesian retail sales.

Euroland Data: Quarterly GDP and employment growth. Monthly Sentix gauge of investor sentiment.

Members of the Euro Area: German, French, Italian, Spanish, Irish, Greek and Dutch industrial production. German, French, Dutch, Cypriot, Greek, Finnish, Portuguese and Austrian trade balances. German and French current accounts. German, Finnish, Irish, Dutch, Spanish, and Portuguese consumer prices. Italian and Greek unemployment. Spanish index of leading economic indicators and consumer confidence. Austrian wholesale prices.

U.K. and Switerland: British same-store sales, RICs house price balance index, Halifax index of home prices, monthly GDP and index of leading economic indicators. Swiss unemployment.

Nordic Europe: Danish, Norwegian, and Swedish industrial production and consumer prices. Danish and Swedish current accounts. , Norwegian producer prices.

Eastern Europe: Czech, Hungarian, and Romanian consumer prices and trade balances. Romanian and Hungarian industrial production. Czech unemployment and Russian GDP.

Australia and New Zealand: Australian home loans, business conditions, business confidence, AIG-compiled services PMI, and Westpac consumer confidence index. New Zealand business confidence and manufacturing purchasing managers index.

South Africa, Turkey and Lebanon: South African GDP, current account, factory output, and business confidence. Turkish current account and unemployment. Lebanese private PMI.

Canada, Mexico and Brazil: Canadian housing starts, home prices, and capacity utilization. Mexican and Brazilian consumer prices. Mexican industrial production and Brazilian retail sales.

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



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