Next Week’s Menu: December 12 -18, 2020

December 11, 2020

Central Banks: Monetary policies will be reviewed by the Federal Reserve and in Switzerland, Norway, Great Britain, Hungary, Indonesia, Taiwan, Japan, the Czech Republic, Russia, Mexico and Colombia. FOMC macroeconomic projections will be updated. Reserve Bank of Australia minutes and the Bank of Japan’s quarterly Tankan survey of corporate expectations and conditions will be published. Fed Chairman Powell, Bank of England Governor Bailey, and Bank of Japan Governor Bailey, and Bank of Canada Governor Macklem speak publicly.

Events and Holidays: The U.S. electoral college votes Monday in accordance with their state election results. South Africa’s Day of Reconciliation falls on Wednesday.

U.S. Economic Data Releases: Quarterly current account. Monthly Philly Fed, Empire State, and K.C. Fed manufacturing surveys, retail sales, industrial production, import prices, housing starts, NAHB housing market index, building permits, capacity utilization, Treasury-compiled capital flows, and index of leading economic indicators. Weekly jobless insurance claims, chain store sales, energy inventories, consumer comfort, and chain store sales.

Japanese and Chinese Releases: Japanese trade balance, CPI, tertiary index, preliminary purchasing manager survey results, capacity usage, and revised industrial production. Chinese unemployment, retail sales, industrial production, house prices, fixed asset investment, and foreign direct investment.

Other Selected Asian Releases: Indian, South Korean, Indonesian and Singaporean trade balances. Hong Kong GDP, industrial production and unemployment. Filipino producer prices, Indonesian business confidence, and South Korean import prices.

Euroland: Preliminary PMI survey results, industrial production, index of leading economic indicators, construction output, current account, trade balance, CPI and quarterly labor costs.

Members of the Euro Area: French and German PMI surveys. French, Italian, Finnish, Portuguese, and Cypriot consumer prices. Italian, Belgian, Dutch, Spanish and Irish trade balances. Belgian and Irish consumer confidence. Austrian and Italian current accounts. Dutch and Cypriot unemployment. Ifo Institute survey of German business sentiment and French business confidence. German wholesale prices and producer prices. Ireland’s construction PMI, Greek import prices, Portuguese PPI, and Finnish GDP.

U.K. and Switzerland: British PMI surveys, CPI, PPI, car sales, retail sales, consumer confidence, labor market statistics, industrial trends survey, current account, and Rightmove house price index. Swiss trade balance, import prices and producer prices.

Nordic Europe: Norwegian and Swedish unemployment. Icelandic CPI, Danish PPI, and Norway’s trade balance.

Eastern Europe: Czech, Polish and Russian producer prices. Polish CPI and current account. Russian and Romanian industrial production. Czech current account and Russian GDP.

Australian and New Zealand Data: Australian preliminary purchasing managers survey results and New Zealand service sector PMI. Australian employment growth, unemployment rate, home sales and index of leading economic indicators. New Zealand consumer confidence, GDP, current account, trade balance and business confidence.

South Africa and Turkey: South African PPI and economic leading indicators. Turkish retail sales and industrial production.

Canada, Brazil and Mexico: Canadian retail sales, housing starts, consumer prices and home prices. Brazilian and Mexican indices of economic indicators.

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



Comments are closed.