Next Week’s Menu: December 19 – 25, 2020

December 18, 2020

Central Banks: Monetary policy reviews are scheduled in Turkey and Thailand. The People’s Bank of China will announce its prime loan rate levels for the coming month, and minutes get published from the BOJ Board meeting.

Events and Holidays: Most markets are closed Friday for Christmas, Japan being a notable exception, and many markets are either shut all day or will observe an early closure Thursday for Xmas Eve. Investors still await completion of the fiscal stimulus talks in the United States and the U.K./EU post-Brexit trade negotiations.

Scheduled U.S. Statistical Releases: Quarterly GDP. Monthly personal income and spending, PCE price deflator, FHFA house price index, new home sales, existing home sales, Chicago Fed National activity index, durable goods orders, Richmond Fed manufacturing index, and U. Michigan consumer sentiment index. Weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales, and energy inventories.

Japanese Data: Unemployment, corporate service prices, housing starts, construction orders, retail sales, Tokyo consumer prices and index of leading economic indicators.

Selected Other Asian Releases: Hong Kong, Singaporean and Malaysian CPI. Chinese and Indian indices of leading economic indicators. Hong Kong current account and Thai trade balance. Taiwanese unemployment, industrial production and retail sales. South Korea’s PPI and Singaporean industrial production.

Euroland Data: consumer confidence.

Members of the Euro Area: German, Dutch and Spanish GDP. Spanish, Irish, Portuguese, Belgian, Finnish, and French producer prices. Dutch consumer confidence and household spending. Greek, Portuguese, Austrian and Dutch current accounts. Italian business confidence and consumer confidence. Austrian industrial production and Belgian CPI.

U.K. and Switzerland: British GDP, current account, Rightmove house price index, public sector deficit, and distributive trades survey. Swiss ZEW expectations index and money growth.

Eastern Europe: Hungary’s current account and trade balance. Polish retail sales and unemployment.

Nordic Europe: Danish and Swedish retail sales. Norwegian and Icelandic unemployment. Icelandic and Swedish PPI. Danish consumer confidence and GDP. Swedish business confidence and and Icelandic CPI.

Australia and New Zealand: Australian retail sales. New Zealand consumer confidence and trade balance.

Turkey and South Africa: Turkish consumer confidence and South African unemployment.

Canada, Mexico, and Brazil: Canadian monthly GDP, housing permits and average weekly earnings. Mexican retail sales, unemployment, and trade balance. Brazilian consumer sentiment and PPI.

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



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