Next Week’s Menu: June 26 – July 2, 2021

June 24, 2021

Central Banks: Central banks in Colombia and Sweden will review their monetary policies. The Bank of Japan publishes the quarterly corporate Tankan survey and a summary of its last Board meeting. Governor Kuroda of the BOJ and Lowe of the Reserve Bank of Australia will speak publicly.

Events and Holidays: The second round of regional elections in France occurs on June 26th. There will be an OPEC meeting on Thursday. The coming week bridges the second and third quarters of 2021. On Thursday, Canadians observe Canada Day, and Hong Kong commemorates the 24th anniversary of when sovereignty swung from Great Britain back to China.

Manufacturing Purchasing Manager Surveys for June: Close to 40 of these timely reports will be released next week.

Scheduled U.S. Economic Data Releases: Monthly Case-Shiller and FHFA house price indices, Dallas Fed manufacturing index, pending home sales, Labor Market Situation, Chicago and New York regional PMI surveys, factory orders, trade balance, construction spending, and consumer confidence. Weekly jobless insurance claims, energy inventories, mortgage applications, consumer comfort, and chain store sales.

Japanese and Chinese Data: Japanese industrial production, retail sales, unemployment, housing starts, construction orders, and monetary base. Chinese corporate profits and NBS-compiled non-manufacturing and manufacturing PMI surveys.

Selected Other Asian Releases: South Korean, Thai, Hong Kong, and Singaporean retail sales. South Korean and Thai industrial production. Malaysian and Singaporean producer prices. Trade balances of Hong Kong, Malaysia, India, Thailand and South Korea. Indian and Thai current accounts. Thai business confidence and Filipino consumer sentiment. Thai unemployment, South Korean construction output, and Indonesian CPI.

Euroland: Economic sentiment, consumer prices, PPI, and unemployment.

Members of the Euro Area: German, Spanish, Irish, Dutch, and Portuguese retail sales. German, French, Italian, Spanish, Portuguese, and Belgian consumer prices. Spanish, Finnish, Greek, Dutch, Portuguese, and Finnish business confidence. Italian, German, Austrian, Irish, and Austrian unemployment. Portuguese, Finnish, and French consumer confidence. Current accounts of Spain, Belgium, and Austria. Italian, French, Austrian, Cypriot and Belgian producer prices. German import prices and French household consumption.

U.K. and Switzerland: British money growth, mortgage approvals, shop prices, GDP, current account, consumer credit, and Nationwide house price index. Swiss consumer prices, retail sales, investor expectations and index of leading economic indicators.

Eastern Europe: Russian unemployment, retail sales, GDP, and business sentiment. Hungarian PPI, trade balance and PPI.

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

Australia, New Zealand, and South Africa: Australian and South African money and private credit growth and balances of trade. Australian home loans and New Zealand building permits.

Canada, Mexico, and Brazil: Canadian monthly GDP, trade balance, PPI and building permits. Mexican business confidence and trade balance. Brazilian industrial production,  PPI, and unemployment.

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



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