Next Week’s Menu: May 8 – 14, 2021

May 7, 2021

Central Banks: Monetary policies will be reviewed by central banks in Serbia, Mexico, Peru, Chile, Romania and the Philippines. NY Fed President Williams, Bank of England Governor Bailey, and Bank of Canada Governor Macklem are among the central bankers who will be speaking publicly. A summary of the latest BOJ Board meeting and ECB Governing Council minutes will be published.

Holidays: eid al fitr and ascension day on Thursday.

Scheduled U.S. Data Releases: CPI, PPI, real wage earnings, small business sentiment, employment trends index, import prices, JOLTs index, retail sales, industrial production, capacity utilization, monthly federal deficit, and U. Michigan consumer sentiment index. Also weekly jobless insurance claims, consumer comfort, chain store sales, energy inventories, and mortgage applications.

Japan and China: Japanese household spending, reserves, current account, money growth, bank lending, index of leading economic indicators, economy watchers index, and machine tool orders. Chinese CPI, PPI, money growth, bank lending, motor vehicle sales, and foreign direct investment.

Selected Other Asian Data: Hong Kong, Filipino, and Malaysian GDP. South Korean import prices and unemployment. Indian wholesale prices and trade balance. Indonesian CPI and industrial production. Malaysia’s current account.

Euroland: Industrial production and both the ZEW and Sentix indices of investor sentiment.

Members of the Euro Area: German ZEW expectations index and Spanish index of leading economic indicators. German, French, Dutch, Finnish, Irish, Portuguese, and Greek consumer prices. Cypriot and Finnish GDP. Italian, Finnish, Belgian and Greek industrial production. French, Greek, and Portuguese unemployment. Portuguese and Greek trade balances.

U.K. Releases: Industrial production, construction output, GDP (both 1Q and March), same-store sales, RICs house price balance, Halifax house price index, and index of leading economic indicators.

Nordic Europe: Norwegian, Danish and Swedish consumer prices. Norwegian and Danish GDP. Norway’s current account.

Eastern Europe: Romanian, Czech, and Hungarian consumer prices. Russian and Polish GDP. Romanian and Russian trade balances. Romanian and Polish industrial production. Poland’s current account.

Australia and New Zealand: Australian retail sales, new home sales, consumer confidence, building permits, labor cost index, and business confidence. New Zealand manufacturing purchasing managers survey and food prices.

Turkey and South Africa: Turkish retail sales, industrial production, and current account. South African factory output.

Mexico and Brazil: Mexican industrial production. Brazilian consumer prices and index of leading economic indicators.

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



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