Next Week’s Menu: January 1 – 7, 2022

December 30, 2021

Central Banks: Central bank activity gets off to a slow start. There’s a policy review at the Bank of Israel and FOMC minutes from the last 2021 review of Fed policy will be published.

Holidays and Events: While the bulk of market closures for the New Year’s Holiday are slated tomorrow (December 31), some markets will be also closed early next week, such as the U.K., Canada and Australia on Monday and New Zealand on Monday and Tuesday. There will be an OPEC meeting on Wednesday, and the EU Council Presidency passes on from Slovenia during the second half of 2021 to France for the first half of 2022.

December Purchasing Manager Surveys: More than 60 different surveys covering a wide range of economies and varied sectors (manufacturing, services, construction, non-oil private, and private) will be released next week.

Scheduled U.S. Data Releases: Monthly Labor Dept employment situation report, ADP estimate of private-sector jobs growth, construction spending, JOLTs index, factory orders, trade balance, and auto sales. Weekly jobless insurance claims, chain store sales, mortgage applications and energy inventories.

Euroland Releases: Economic sentiment, consumer confidence, consumer prices, retail sales, producer prices and home prices.

Members of the Euro Area: German CPI, retail sales, unemployment, industrial production, factory orders, current account and balance of trade. French CPI, consumer sentiment, retail sales, current account, trade balance, household spending, and industrial production. Italian and Cypriot consumer prices. Portuguese and Spanish consumer confidence. Austrian WPI and trade balance. Portuguese business confidence.

U.K. and Switzerland: British shop prices, car sales, mortgage approvals, money growth and Halifax house price index. Swiss CPI, retail sales and unemployment.

Nordic Europe: Danish unemployment and Norwegian industrial production.

Eastern Europe: Romanian and Hungarian producer prices and retail sales. Czech trade balance and industrial production.

Japanese Releases: Monetary base, household spending, average cash earnings, and Tokyo consumer prices.

Selected Other Asian Releases: Indonesian, Filipino, and Thai consumer prices. South Korean, Filipino and Hong Kong retail sales. Indian and South Korean trade balances. Thai business confidence, Chinese reserves, and South Korean unemployment.

Turkish Data: Consumer and producer prices.

Canadian Releases: PPI, housing permits, home prices, trade balance, IVEY-PMI index, and labor market statistics.

Latin America: Brazilian industrial production and trade balance. Mexican consumer confidence, business sentiment, and CPI. Colombian PPI.

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



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