Next Week’s Menu: October 9 – 15, 2021

October 8, 2021

Central Banks: Monetary policies will be reviewed in South Korea, Sri Lanka, and Chile. FOMC minutes will be published. We’ve also entered a window when President Biden will be revealing his nomination for Fed Chair-person. It could be another 4-year term for Jerome Powell, whose current term ends in January, or somebody else. Four years ago, President Trump nominated Powell on November 2, and his predecessor was nominated by Barack Obama on October 9, 2013. Ben Bernanke was initially nominated on October 24, 2005 and renominated on August 25, 2009.

Holidays and Events: Monday is Columbus Day in the United States and Thanksgiving in Canada. The South Korean Chung Yeung holiday runs Wednesday and Thursday. The IMF/World Bank meetings will run October 12 through 18.

Scheduled U.S. Releases: Consumer prices, producer prices, import prices, retail sales, small business sentiment, the federal budget monthly deficit, the JOLTs index, the Empire State manufacturing index and the Reuters/U. Michigan index of consumer sentiment. Also weekly jobless insurance claims, consumer comfort, chain store sales, mortgage applications, and energy inventories.

Japanese and Chinese Releases: Japanese machinery orders, machine tool orders, revised industrial production, capacity usage, tertiary index, producer prices, and money and bank lending growth. Chinese motor vehicle sales, trade balance, foreign direct investment, and money growth and bank lending.

Selected Other Asian Releases: Indian and Malaysian industrial production. Filipino, Indonesian, and Indian trade balances. Indian CPI and WPI. South Korean unemployment, Singaporean GDP, and Indonesian retail sales.

Euroland: Industrial production, trade balance, car sales, index of leading economic indicators and ZEW index of investor expectations.

Members of the Euro Area: Italian and Belgian industrial production. Italian, Belgian, Dutch, Irish, and Cypriot trade balances. German, Italian, Spanish, French, Finnish, Portuguese, and Irish consumer prices. Irish construction PMI, Finnish GDP, Greek import prices, and German ZEW expectations index. Spanish and German indices of leading economic indicators.

U.K. and Switzerland: British monthly GDP, industrial production, construction output, trade balance, car sales, labor statistics, RICs house price balance, and index of leading economic indicators. Swiss producer prices and import prices.

Nordic Europe: Danish, Norwegian and Swedish consumer prices. Danish and Norwegian producer prices. Danish current account and Norwegian trade balance.

Eastern Europe: Czech and Polish CPIs. Russian and Polish industrial production. Russian trade balance, Polish current account, and Romanian GDP.

Australia and New Zealand: Australian labor market statistics, business confidence, business conditions, new home sales, and consumer confidence. New Zealand food prices.

Turkey and South Africa: Turkish retail sales, industrial production, current account and unemployment. South African business confidence, factory output and retail sales.

Canada: Survey of manufacturing sales, inventories and orders.

Mexico and Brazil: Mexican industrial production. Brazilian consumer prices and index of leading economic indicators.

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



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