Next Week’s Menu: December 26,2020 – January 01, 2021

December 25, 2020

Central Banks: No meaningful interest rate policy reviews are scheduled. Bank of Canada Governor Macklem speaks publicly, and the Bank of Japan’s publishes a summary of its most recent Board meeting.

Holidays and Special Events: Boxing Day is observed Monday in Australia, Canada, New Zealand and Great Britain. Several markets will be closed Thursday either all day, and some close early for New Year’s Eve. January 1st on Friday (New Years Day) is the most widely observed holiday in the world. 2020 will leave a bitter taste for a long time. The British parliament votes Wednesday on the proposed trade deal for the EU and U.K., and the Brexit transition period ends after Thursday.

Scheduled U.S. Economic Data Releases: Dallas Fed manufacturing index, Case Shiller house price index, consumer confidence, pending home sales, Chicago regional PMI, and advance trade balance. Also weekly jobless insurance claims, consumer comfort, chain store sales, energy inventories, and chain store sales.

Selected Asian Releases: Malaysian, South Korean, Thai, and Hong Kong trade balances. Indian and Thai current accounts. South Korean and Thai retail sales. Malaysian, Singaporean and Filipino producer prices. Chinese purchasing manager surveys and corporate profits. South Korean and Singaporean GDP. South Korean industrial production.

Members of the Euro Area: Spanish, Dutch and Greek retail sales. Austrian, Greek and Cypriot producer prices. Finnish consumer sentiment and trade balance. Portuguese industrial production, Dutch business confidence, Austria’s manufacturing purchasing managers survey, and Spain’s current account.

U.K. and Switzerland: British Nationwide house price index. Swiss retail sales, index of leading economic indicators, and ZEW expectations index.

Eastern Europe: Czech business sentiment and consumer confidence. Russian purchasing manager surveys and business confidence index.

Nordic Europe: Norwegian retail sales and Swedish trade balance.

South Africa and Turkey: South African and Turkish trade balances. South African money and private credit growth.

Brazil and Mexico: Brazilian unemployment and Mexico’s trade balance.

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



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