Next Week’s Menu: October 3 – 9, 2020

October 2, 2020

Central Banks: Monetary policy reviews in Australia, Iceland, Poland, Romania, Peru, Serbia and Sri Lanka are planned, and minutes from the last FOMC meeting and European Central Bank meeting will be published.

Events and Holidays: Brexit talks between the EU and U.K. will continue. A U.S. vice-presidential debate between Kamela Harris and Mike Pence is scheduled Wednesday. China’s market will remain closed through Thursday. South Korea’s Hangul Day holiday falls on Friday.

Purchasing Manager Surveys: Many service sector PMIs as well as non-oil Middle Eastern surveys arrive Monday. A number of construction PMIs are due Tuesday, and a scattering of private sector PMIs also are scheduled during the week.

U.S. Statistical Releases: The trade balance, employment trends index, small business sentiment, consumer credit, and Labor department JOLTS index are scheduled. Weekly data include jobless insurance claims, mortgage applications, consumer comfort, chain store sales and energy inventories.

Japanese Data: Current account, household spending, Economy Watchers index, money growth, bank lending, average cash earnings and index of leading economic indicators.

Selected Other Asian Releases: Filipino, Taiwanese, Thai, and South Korean consumer prices. Indonesian and Singaporean retail sales. South Korean current account and Filipino trade. Taiwanese PPI, Indonesian consumer confidence, and South Korea’s index of leading economic indicators.

Euroland Releases: Retail sales, home prices, and Sentix measure of investor sentiment.

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

U.K. and Switzerland: British industrial production, construction output, trade balance, monthly GDP growth, Halifax house price index, same store sales, new car sales and quarterly productivity. Swiss unemployment.

Nordic Europe: Swedish, Norwegian and Danish industrial production. Norwegian PPI and CPI. Denmark’s current account.

Eastern Europe: Romanian, Czech, and Hungarian retail sales. Hungarian and Russian consumer prices.  Russian consumer confidence. Czech industrial production and trade balance.

Canadian Releases: Trade balance, housing starts, new home prices, building permits and monthly labor market statistics.

Australia and New Zealand: Australian business conditions and business confidence as well as the government’s budget and the trade balance. New Zealand business confidence and manufacturing PMI.

Turkey and South Africa: Turkish CPI and PPI. South African industrial production and business confidence.

Brazil and Mexican Releases: Mexican and Brazilian consumer prices. Brazilian retail sales.

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



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