Next Week’s Menu: February 20-26, 2021

February 19, 2021

Central Banks: Monetary policies will be reviewed in New Zealand, China, Hungary, South Korea, and Colombia. Governors Macklem of the Bank of Canada and Orr of the Reserve Bank of New Zealand will be speaking publicly, and so too will New Fed District President Williams.

Holidays and Events: Japan observes the Emperor’s birthday holiday on Tuesday. There will be a summit meeting of European Union leaders on Thursday and Friday.

Scheduled U.S. Data Releases: Quarterly GDP. Monthly FHFA and Case-Shiller house price indices, Kansas City, Dallas and Richmond Fed manufacturing surveys, personal income and personal consumption expenditures, PCE price deflator, new home sales, Chicago Fed National Activity index, Chicago region PMI survey, advanced trade deficit estimate and index of leading economic indicators. Weekly jobless insurance claims, consumer comfort, chain store sales, energy inventories, and mortgage applications.

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

Selected Other Asia Data: Indian, Singaporean, Hong Kong, and Taiwanese GDP. Malaysian and Singaporean consumer prices. Thai, Singaporean, and Taiwanese industrial production. Philippine and Thai unemployment. Thai and Taiwanese retail sales and current accounts. Chinese house prices, Singapore’s PPI, and India’s index of leading economic indicators.

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

Members of the Euro Area: Italian, French, Greek, Finnish, Austrian, Portuguese and Belgian consumer confidence and business sentiment. Dutch and Greek retail sales. French, Irish, Greek, and Spanish PPI. Belgian and Cypriot CPI. German, French, Austrian and Finnish GDP. German import prices and IFO business climate index. Greek and Spanish current accounts.  French household consumption.

U.K. and Switzerland: British labor statistics, shop prices, Nationwide house price index, productivity, unit labor costs and distributive trades survey. Swiss PPI, import prices GDP, ZEW expectations index, and index of leading economic indicators.

Nordic Europe: Swedish, Norwegian, and Danish unemployment. Swedish and Danish business confidence. Swedish and Danish GDP. Swedish trade balance and PPI. Swedish consumer confidence and Icelandic CPI.

Eastern European Data: Czech PPI, business sentiment and consumer confidence. Polish GDP and industrial production.

Australia, New Zealand and South Africa: Australian and South African money and credit growth. South African unemployment and producer prices. New Zealand retail sales, business confidence and trade balance.

Canada, Mexico and Brazil: Canadian PPI and housing permits. Mexican retail sales, consumer prices, GDP and retail sales. Brazilian consumer confidence. Mexican and Brazilian unemployment rates and current accounts.

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



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