Next Week’s Menu: June 12 – 18, 2021

June 11, 2021

Central Banks: Monetary policies will be reviewed in the United States, Japan, Indonesia, Turkey, Brazil, Switzerland, Norway, Ukraine and Taiwan. Fed Chairman Powell, BOJ Governor Kuroda, Reserve Bank of Australia Governor Lowe, and Swiss National Bank President Jordan will be speaking publicly. RBA minutes to be published.

Events and Holidays: U.S. President Biden’s trip to Europe continues, with the G7 summit in Cornwall this weekend, an attendance with British Queen Elizabeth on Sunday, the Nato summit in Brussels and a bilateral meeting with Turkish President Erdogan on Monday, anĀ  EU summit on Tuesday in Brussels including several bilateral meetings with EU leaders, and a summit with President Putin on Wednesday. China and Hong Kong observe the Dragon Boat Festival on Monday, and South Africa’s Youth Day falls on Wednesday.

Scheduled U.S. Statistical releases: Retail sales, producer prices, import prices, housing starts, building permits, industrial production, capacity usage, New York regional purchasing managers index, Philly Fed and Empire State manufacturing surveys, Treasury-compiled capital flows, and the National Association of Home Builders’ housing market index. Weekly jobless insurance claims, energy inventories, consumer comfort, chain store sales and mortgage applications.

Japanese and Chinese Releases: Japanese industrial production, capacity usage, tertiary index, machinery orders, customs trade and CPI. Chinese retail sales, industrial production, unemployment, fixed asset investment, foreign direct investment, and housing prices.

Selected Other Asian Releases: Indian, Indonesian, and Singaporean trade balances. Indian CPI and PPI. Hong Kong unemployment and GDP.

Euroland Data: Quarterly labor costs. Monthly CPI, construction output, current account, new car sales, trade balance, and industrial production.

Members of the Euro Area: German, French, Italian, Finnish, Cypriot, Austrian, and Portuguese consumer prices. Spanish, Italian, Belgian, Dutch, and Irish trade balances. German PPI, Irish construction PMI, Finnish GDP, Cypriot unemployment, and Greek current account.

U.K. and Switzerland: British CPI, PPI, RPI, average wage earnings, unemployment, employment, new car sales, retail sales, and housing prices. Swiss PPI, import prices, trade surplus, and updated government macroeconomic forecasts.

Eastern Europe: Czech and Polish current accounts. Romanian, Hungarian, and Russian industrial production. Russian and Czech producer prices. Polish CPI.

Nordic Europe: Danish PPI. Norwegian unemployment and balance of trade.

Australia, New Zealand and South Africa: Australian labor market statistics, new home prices and index of leading economic indicators. New Zealand food prices, service sector purchasing managers index, GDP and current account. South African housing permits, retail sales and wholesale turnover.

Canada and Brazil: Canadian housing starts, consumer prices, new home prices, and survey of manufacturing shipments, orders and inventories. Brazilian business confidence and index of leading economic indicators.

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




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