Next Week’s Menu: September 26 – October 2

September 25, 2020

The coming week that bridges the third and final quarters of 2020 will be very crowded with special events, data releases, and holidays.

Central Banks: Monetary policy reviews are scheduled in India and The Philippines. The Bank of Japan’s quarterly corporate Tankan survey will be published, and so will a summary of this month’s BOJ policy meeting and minutes from the most recent Swedish Riksbank’s Executive Board meeting. Kashkari, Williams Mester, and Harker of the Fed will be speaking publicly as will Lagarde and Guindos of the European Central Bank.

Holidays: Yom Kippur (the Jewish day of atonement) falls on Monday. China’s National Day Golden Week observing the 71st anniversary of the Communist Revolution falls on October 1-8. India will observe Mahatma Gandi’s birthday on Friday. South Koreans celebrate Choseok (Harvest Moon Festival) September 30 – October 2. Hong Kong observes National Day on Thursday.

Special Events: The first U.S. presidential candidates debate between Donald Trump and Joe Biden is scheduled for Tuesday night. A special meeting of the European Council of political leaders starts on Thursday. The first half of Japan’s fiscal half ends on Wednesday. Trump has said he will announce his Supreme Court selection on Saturday.

Manufacturing Purchasing Managers Surveys: The U.S., U.K., Euroland, Germany, Japan, Austria, the Netherlands, China, Australia, Ireland, India, Russia, Poland, Turkey, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, Spain, Czech Republic, Hungary, Switzerland, Sweden, Brazil, Mexico, Canada, Norway, Denmark, and Greece. The NBS non-manufacturing PMI also will be reported next week.

U.S. Statistical Releases: Unemployment, nonfarm employment, average hourly earnings, personal income, personal consumption expenditures, the PCE price deflator, revised GDP, the advanced trade deficit estimate, the Dallas Fed manufacturing index, the Case Shiller house price index, consumer confidence (from both the Conference Board and the U. Michigan/Reuters collaboration), pending home sales, the NY and Chicago regional PMIs, construction spending, and motor vehicle sales. Also weekly jobless insurance claims, chain store sales, consumer comfort, energy inventories, and mortgage applications.

Euroland Releases: CPI, PPI, unemployment, economic sentiment, and consumer confidence.

Members of the Euro Area: German, French, Spanish, Italian, Portuguese, and Belgian consumer prices. Finnish, Dutch, Portuguese, Austrian, and Greek business confidence. German, Italian, Spanish, Austrian, and Irish unemployment. Italian, French, Belgian, Greek, and Austrian producer prices. Finnish, French, Austrian, and Greek consumer confidence. French and Finnish trade balances. German, Spanish, Greek, Portuguese and Irish retail sales as well as French consumer spending. Portuguese, Cypriot and Belgian industrial production. Belgian and Austrian current accounts. German import prices.

U.K. and Switzerland: British GDP, current account, Nationwide house price index, shop prices, money growth, mortgage approvals and consumer credit. Swiss retail sales, CPI, Zew expectations index and KOF index of leading economic indicators.

Eastern Europe: Hungarian and Czech unemployment. Poland’s CPI, Romania’s PPI, and Hungary’s trade balance.

Nordic Europe: Swedish and Norwegian retail sales. Danish and Swedish business sentiment. Sweden’s trade balance and consumer sentiment. Danish GDP and unemployment.

Japanese Data releases: Industrial production, retail sales, unemployment, consumer confidence, housing starts, construction orders, the monetary base, and Tokyo consumer prices.

Selected Other Asian releases: South Korean retail sales, industrial production, construction output, and trade balance. Thai retail sales, business sentiment, industrial production, retail sales, current account and CPI. Filipino, Malaysian and Singaporean producer prices. Indonesian CPI and business sentiment. Hong Kong retail sales, Indian current account, and Chinese corporate profits.

Australia and New Zealand Data: Australian current account, retail sales and money and credit growth. Australian and New Zealand building permits. New Zealand capacity utilization.

South Africa and Turkey: South African PPI, CPI, unemployment, trade balance, business sentiment, and money and credit growth. Turkish retail sales.

Canada, Mexico and Brazil: Canadian monthly GDP, PPI, and raw material prices. Mexican PPI and trade balance. Brazilian PPI, unemployment, and consumer confidence.

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



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