Next Week’s Menu: May 22 – 28, 2021

May 21, 2021

Central Banks: Monetary policies will be reviewed in South Korea, New Zealand, Indonesia and Hungary. Bank of Japan Governor Kuroda and Reserve Bank of New Zealand Governor Orr speak publicly.

Holidays and Special Events: Whit Monday to be observe in several European countries such as Germany, Switzerland and Norway. Victoria Day also falls on Monday in Canada, and Indonesia and Singapore celebrate Vesak Day on Wednesday. U.S. President Biden delivers his fiscal 2022 federal budget on Thursday.

Scheduled U.S. Economic Data Releases: Quarterly GDP. Monthly personal income, personal consumption spending, PCE price deflator, Case-Shiller and FHFA house price indices, new home sales, pending home sales, advanced trade balance estimate, Kansas City and Richmond Fed manufacturing surveys, Chicago Fed National Activity Index, Chicago PMI, durable goods orders and both the Conference Board and Reuters/U. Michigan consumer confidence indices. Weekly mortgage applications, energy inventories, consumer comfort, chain store sales, and jobless insurance claims.

Japanese Releases: Unemployment, index of leading economic indicators and Tokyo CPI.

Other Selected Asian Releases: Chinese and Indian indices of leading economic indicators. Thai, Singaporean, and and Taiwanese industrial production. Singapore GDP, PPI and CPI. South Korean consumer confidence and business sentiment. Taiwanese unemployment and retail sales. Chinese profits, Hong Kong trade balance, and Indonesian current account.

Euroland: Economic sentiment and consumer confidence.

Members of the Euro Area: German IFO business climate, import prices, consumer confidence and quarterly GDP. French, Italian, Finnish, Spanish, Austrian, Dutch, Belgian, Portuguese, and Greek business sentiment. French, Italian, Austrian, Greek and Portuguese consumer confidence. French, Spanish, Finnish, and Italian producer prices. French GDP and consumer spending. Spanish, Irish, and Portuguese retail sales. Finnish GDP and Spanish current account. Austrian manufacturing purchasing managers index and industrial production. Belgian CPI.

U.K. and Switzerland: British public sector net borrowing and distributive trades survey. Swiss trade balance,  ZEW economic sentiment index, and KoF index of leading economic indicators.

Eastern Europe: Polish and Russian retail sales. Russian and Hungarian unemployment. Czech consumer confidence and business sentiment. Polish industrial production and Russian GDP.

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

Australia and New Zealand: Australian quarterly business investment and monthly construction completions. New Zealand retail sales and trade balance.

South Africa and Turkey: South African and Turkish business confidence. South African PPI.

Canadian, Mexican, and Brazilian Releases: Canadian, Mexican and Brazilian current accounts. Canadian survey of manufacturing sales, orders and inventories. Mexican trade and GDP. Brazilian consumer confidence. Mexican and Brazilian unemployment.

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



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