Next Week’s Menu: June 19 – 25, 2021

June 18, 2021

Central Banks: Monetary policies will be reviewed in the U.K., Hungary, the Czech Republic, China, Mexico, Thailand and the Philippines. Fed Chairman Powell and Bank of Japan Governor Kuroda will speak publicly. Bank of JapanĀ  publishes Board meeting minutes.

Special Events: Summer solstice finds the Western United States in the grip of a heat wave of historical proportions. South Africa unveils a supplementary budget, and the EU Council of political leaders meet at the end of the week.

Scheduled U.S. Data Releases: Quarterly GDP and current account. Monthly personal income and spending, PCE price deflator, advanced trade balance, durable goods orders, Richmond and KC Fed manufacturing surveys, Chicago Fed National Activity Index, IHS-compiled preliminary purchasing managers survey results, U. Michigan index of consumer sentiment, and both existing and new home sales. Weekly jobless insurance claims, energy inventories, mortgage applications, consumer comfort, and chain store sales.

Euroland: Preliminary purchasing manager survey findings, consumer confidence, money growth, and bank lending.

Members of the Euro Area: German and French preliminary PMIs. German consumer confidence, import prices, and IFO business climate index. Italian, French, Irish, Dutch and Belgian consumer confidence. French, Belgian, and Italian business sentiment. Spanish and Dutch GDP. Finnish, Spanish and Irish producer prices. Irish and Finnish unemployment. Italian, Portuguese, and Dutch current accounts. Austrian industrial production, Italian industrial orders, French index of leading economic indicators, and Dutch household spending.

U.K. and Switzerland: British consumer confidence, Rightmove house price index, public sector net borrowing, preliminary PMIs, and the CBI distributive trades and industrial trends surveys. Swiss current account and ZEW index of investor sentiment.

Eastern European Data: Polish and Russian retail sales and industrial production. Czech consumer confidence and business sentiment. Hungary’s current account and Polish unemployment.

Nordic Europe: Danish and Swedish retail sales. Icelandic and Swedish unemployment. Danish consumer confidence and Swedish producer prices.

Japanese Releases: Preliminary PMI surveys, corporate service prices, Tokyo CPP and index of leading economic indicators.

Selected Other Asian Releases: Malaysian, Filipino, Singaporean and Hong Kong consumer prices. South Korean business sentiment, consumer confidence and PPI. Taiwanese and Singaporean industrial production. Taiwanese retail sales and unemployment. Indian and Chinese indices of leading economic indicators.

Australia and New Zealand: Austrian preliminary PMI results, retail sales and index of leading economic indicators. New Zealand’s trade balance and consumer confidence.

South Africa and Turkey: South African CPI, PPI, and leading economic index. Turkish consumer confidence.

Canada, Mexico and Brazil: Canadian and Mexican retail sales. Brazilian current account and consumer confidence. Mexican unemployment and Canadian average weekly earnings.

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



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