Next Week’s Menu: October 24-30, 2020

October 23, 2020

Central Banks: Monetary policy reviews are scheduled in Japan, Canada, Euroland, Brazil and Colombia. The BOJ meeting coincides with publication of the quarterly Outlook for Economic Growth and Prices and will be followed, as always, by Governor Kuroda’s press conference. Other central bankers speaking in public next week include Bank of Canada Governor Macklem, Swiss National Bank President Jordan, European Central Bank President Lagarde, and Reserve Bank of Australia Assistant Governor Bullock.

Holidays and Events: On Monday Labor Day in New Zealand, Chung Yeung festival in Hong Kong and National Day in Austria will be observed. Monday will also be the likely day that the U.S. full senate vote is taken to confirm the nomination of Amy Coney Barrett to the Supreme Court. Next week is the final full calendar week before the U.S. election. On Thursday, Indonesians will observe Muhammad’s birthday.

Scheduled U.S. Economic Data Releases: Third-quarter GDP growth. Monthly personal spending, personal income, PCE price deflator, advance trade deficit, durable goods orders, pending home sales, new home sales, FHFA house price index, Case-Shiller house price index, employee cost index, U. Michigan/Reuters consumer sentiment index, durable goods orders, Chicago Fed National Activity index, regional Chicago purchasing managers index, and Dallas and Richmond Fed manufacturing indices. Weekly jobless insurance claims, consumer comfort, mortgage applications, chain store sales, and energy inventories.

Euroland Data Releases: 3Q GDP. Monthly consumer prices, unemployment, economic sentiment, consumer confidence, and money and credit growth.

Members of the Euro Area: German, French, Italian, Spanish, Portuguese, Belgian and Austrian quarterly GDP. German, Spanish, Portuguese, Greek, and Irish retail sales. German, Italian, Belgian, Portuguese, Spanish and French consumer prices. French, Italian, Spanish, Cypriot, Finnish, Austrian, Greek, and Belgian producer prices. Dutch, Greek, Portuguese, Italian, Spanish, and Austrian business sentiment.Irish, Italian, Portuguese, Greek, Austrian, Dutch and Finnish consumer confidence. German unemployment and import prices. French consumer spending and Spain’s current account.

U.K. and Switzerland: British Nationwide house price index, shop prices, money growth, mortgage approvals, and distributive trades survey. Swiss retail sales, ZEW expectations index, and KOF index of leading economic indicators.

Eastern Europe: Czech and Russian business confidence. Hungarian unemployment and trade balance. Czech GDP and consumer sentiment. Polish CPI.

Nordic Europe: Danish, Swedish and Norwegian retail sales. Iceland’s CPI and PPI. Danish and Norwegian unemployment. Swedish consumer sentiment and trade balance. Danish and Swedish business confidence.

Japanese Data: Industrial production, retail sales, Tokyo CPI, housing starts, construction orders, unemployment, corporate service prices, consumer confidence, and index of leading economic indicators.

Selected Other Asian Indicators to be Reported: Chinese corporate earnings and India’s index of leading economic indicators. Taiwanese, Hong Kong, and South Korean GDP. Filipino, Singaporean, and Malaysian producer prices. South Korean, Thai, and Singaporean industrial production. South Korean consumer confidence and retail sales. Singaporean unemployment and Hong Kong’s trade balance.

Australia and New Zealand: Australian and News Zealand trade balances. Australian CPI, PPI, import prices, and private credit growth. New Zealand business confidence.

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

Canada: Monthly GDP, PPI, and building permits.

Mexico and Brazil: Mexican retail sales, GDP, trade balance and economic activity index. Brazilian unemployment.

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



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