Next Week’s Menu: January 23-29, 2021

January 22, 2021

Central Banks: Monetary policies will be reviewed at the Federal Reserve and in Chile, Hungary and Colombia. Fed Chairman Powell will hold a news conference Wednesday, and the Bank of Japan will publish a summary of this week’s meeting and minutes from the previous one.

Holidays and Special Events: Tuesday is Australia Day. Republic Day will also be be observed Tuesday in India. It’s unclear when the Trump impeachment trial will begin in the senate, but the week ahead for sure will include more cabinet confirmation hearings for candidates nominated by President Biden.

Scheduled U.S. Economic Data Releases: Fourth-quarter GDP and employment cost index. Monthly personal income, personal consumption expenditures, PCE price deflator, consumer confidence (both Conference Board and U. Michigan measures), pending home sales, new home sales, FHFA house price index, Case Shiller house price index, Richmond Fed, Kansas City Fed and Dallas Fed manufacturing indices, Chicago Fed National Activity Index, advance trade deficit estimate, durable goods orders, and index of leading economic indicators. Weekly jobless insurance claims, consumer comfort, energy inventories, mortgage applications, and chain store sales.

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

Other Selected Asian Releases: Chinese profits and index of leading economic indicators. South Korean, Hong Kong, Filipino, and Taiwanese GDP. Thai, Hong Kong, and Taiwanese trade balances. Taiwanese, Singaporean, South Korean and Thai industrial production. South Korean, and Taiwanese retail sales. Singapore CPI, South Korean consumer confidence, and Thailand’s current account.

Euroland: Economic sentiment, consumer confidence, and money and credit growth.

Members of the Euro Area: German, French, Italian, Finnish, Austrian, and Portuguese consumer confidence. German, Spanish, French, Austrian, and Belgian GDP. German, Spanish, Finnish, and Portuguese unemployment. German and Belgian consumer prices. Spanish, French, Finnish, Austrian, and Italian producer prices. Dutch, German, Greek, Irish, and Portuguese retail sales. German, Dutch, Portuguese, Austrian, Belgian, Italian, and Finnish retail sales. German import prices and IFO business climate index. Cypriot and Portuguese industrial production. Austrian manufacturing PMI, Finland’s trade balance, and German import prices.

U.K. and Switzerland: British labor market statistics, shop prices, Nationwide house price index and distributive trades survey. Swiss retail sales, ZEW index of investor sentiment, KOF index of leading economic indicators and trade balance.

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

Eastern Europe: Czech business sentiment and consumer confidence. Russian industrial production and Polish unemployment.

Australia and New Zealand: Australian business confidence and business conditions. Australian money and credit growth, Westpac index of leading economic indicators, import prices, and quarterly PPI and CPi. New Zealand’s trade balance.

Canadian, Mexican and Brazilian Releases: Canadian monthly GDP, PPI, and housing permits. Mexican GDP, retail sales and trade balance. Brazil’s current account and unemployment.

Copyright 2021, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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