Next Week’s Menu: February 26 – March 4, 2022

February 25, 2022

Central Banks: Monetary policies will be reviewed next week in Canada, Australia, and Malaysia. There is a scheduled review also in Ukraine whose status has been made uncertain by Russia’s invasion of that country. ECB Governing Council minutes and the Federal Reserve Beige Book of regional economic trends will be published. ECB Council member Guindos, Bank of England MPC members Saunders and Cunliffe, and Reserve Bank of Australia Lowe will be speaking publicly.

Events and Holidays: U.S. President Biden delivers the State of the Union Address on Tuesday. A meeting of OPEC Plus oil ministers will occur midweek. China’s Standing Committee of the CPPCC National Congress begins Tuesday. Brazilian’s observe Carnival Monday and Tuesday. China’s Spring Festival starts Friday.

Purchasing Manager Surveys for February: A slew of surveys covering manufacturing, service sectors, or construction will be reported on each of the first four days of March.

Scheduled U.S. Releases: Quarterly productivity and unit labor costs. Monthly ADP estimate of private sector jobs growth, the Labor Dept February employment situation, factory orders, motor vehicle sales, advance trade deficit, construction spending, and Dallas Fed manufacturing index. Weekly jobless insurance claims, mortgage applications,  chain store sales and energy inventories.

Japanese Data: Industrial production, retail sales, consumer confidence, monetary base, unemployment, housing starts, construction sales, and estimated fourth-quarter business investment.

Other Selected Asian Releases: Indian and South Korean GDP. Indonesian, Filipino, South Korean, and Thai consumer prices. Malaysian, Filipino and Singaporean producer prices. South Korean, Malaysian and Indian trade balances. Thai current account and Thailand’s current account.

Euroland: Consumer prices, PPI, retail sales and unemployment.

Members of the Euro Area: German, Italian, Spanish, Austrian, and Cypriot consumer prices. Greek, Finnish, Irish, Italian and Portuguese GDP. French, German, Portuguese, Dutch, Austrian, Greek, Belgian and Irish retail sales. Cypriot, Greek, Austrian and Finnish producer prices.German, Italian, and Spanish unemployment. French and Portuguese industrial production. German, Spanish and Irish current accounts. German trade balance and industrial orders. Spanish consumer sentiment.

U.K. and Switzerland: British shop prices, Nationwide house price index, car sales, mortgage approvals and growth of money and credit. Swiss retail sales, GDP, CPI, and KOF leaders index.

Eastern Europe: Polish, Czech, Hungarian and Russian GDP. Hungarian and Russian retail sales. Hungarian PPI and industrial production. Russian business confidence.

Nordic Europe: Danish, Icelandic and Swedish GDP. Norwegian and Swedish retail sales and current accounts. Sweden’s balance of trade.

Australia and New Zealand: Australian quarterly corporate profits, current account, and GDP and monthly trade. New Zealand business confidence and terms of trade.

South Africa and Turkey: South Africa’s trade balance and money and private domestic credit growth. Turkish GDP, trade, CPI, and PPI.

Canadian Releases: Quarterly GDP, labor productivity and current account. Monthly PPI, building permits, and IVEY-PMI index.

Brazil and Mexico: Brazilian GDP and industrial production. Mexican unemployment and business confidence.

Copyright 2022, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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