Next Week’s Menu: July 24 -30, 2021

July 23, 2021

Central Banks: There is a two-day FOMC meeting with Powell’s press conference to follow Wednesday. Policy meetings are also scheduled in Colombia and Hungary, and the Bank of Japan will publish a summary of its most recent policy review.

U.S. Statistical Releases Next Week: Quarterly GDP and employment cost index. Monthly personal income, spending & PCE price deflator, durable goods orders, new home sales, pending house sales, Chicago regional PMI, Richmond and Dallas Fed manufacturing surveys, Case-Shiller house price index, FHFA house price index, advanced trade deficit estimate, and U. Michigan/Reuters consumer sentiment index. Weekly jobless insurance claims, mortgage applications, consumer comfort, chain store sales and energy inventories.

Japanese Data: Preliminary purchasing managers survey results, retail sales, unemployment, industrial production, corporate service prices, Tokyo consumer prices, housing starts and construction orders.

Other Selected Asian Releases: South Korean, Singaporean, and Thailand industrial production. Malaysian, Thai and Hong Kong trade balances. Singaporean and Filipino producer prices. Hong Kong GDP, Chinese corporate profits, and India’s index of leading economic indicators. South Korean consumer confidence and Singaporean business sentiment. South Korean and Thai retail sales. Thai current account.

Euroland Releases: Real GDP, consumer prices, economic sentiment and money and credit growth.

Members of the Euro Area: German, French, Italian, Belgian, Finnish, Irish, Austrian, Portuguese, and Greek consumer confidence. German, French, Italian, Austrian, and Portuguese GDP. French, Italian, Austrian, and Greek producer prices. German, Spanish, and Belgian consumer prices. German, Italian, Spanish, and Finnish unemployment. Spanish, Irish, Dutch and Greek retail sales. Finnish, Austrian, Greek and Italian business confidence. German IFO business climate index and import prices. Austria’s manufacturing purchasing managers survey.

U.K. and Switzerland: British shop prices, money growth, mortgage approvals, car sales, Nationwide house price index, and shop prices. Swiss ZEW economic sentiment index and KoF index of leading indicators.

Eastern Europe: Czech and Russian GDP. Czech business confidence and consumer sentiment. Russian GDP and retail sales. Polish consumer confidence.

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

Australia and New Zealand: Australian CPI, PPI, import prices, and money and credit growth. New Zealand business confidence, housing permits, and trade balance.

Turkey and South Africa: Turkish and South African trade balances. South Africa’s PPI.

Canada, Mexico, and Brazil: Canadian and Mexican GDP. Mexican and Brazilian unemployment. Canadian consumer prices. Brazilian PPI, consumer sentiment, and current account.

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



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