Next Week’s Menu: May 22 – 27, 2022

May 20, 2022

Central Banks: Monetary policy reviews are scheduled next week in South Korea, Turkey, New Zealand and Indonesia. Minutes of the FOMC’s last meeting will be published. Bank of Japan Governor Kuroda and Reserve Bank of Australia Assistant Governor Kent will be speaking publicly during the period.

Holiday and Special Events: Victoria Day in Canada falls on Monday. The World Economic Forum in Davos, Switzerland, the first in-person of this annual event since the start of the pandemic, runs most of the week. Meetings of the Eurogroup and EcoFin will also take place next week.

Scheduled U.S. Statistical Releases: Quarterly GDP. Monthly new home sales, pending home sales, Richmond and K.C. Fed manufacturing surveys, durable goods orders, Chicago Fed National Activity index, and IHS-compiled purchasing manager surveys. Weekly jobless insurance claims, mortgage applications, energy inventories, and chain store sales.

Euroland Economic Releases: Preliminary purchasing manager survey finding, M3 growth, and domestic credit expansion.

Members of the Euro Area: German and French preliminary purchasing manager survey results. German, French and Finnish GDP. German, French, Italian, Finnish, Greek, and Portuguese consumer confidence. French, German, Italian, Austrian, Portuguese, Greek and Belgian business confidence. Spanish and Finnish producer prices. Spanish, Irish and Portuguese retail sales. Italian industrial sales, Finnish unemployment, and Austria’s manufacturing purchasing managers survey.

U.K. and Switzerland: British preliminary PMI surveys, Rightmove house price index, distributive trades survey and public sector net borrowing. Swiss ZEW index of investor expectations and first-quarter employment growth.

Nordic Europe: Icelandic and Swedish producer prices. Swedish retail sales and unemployment. Icelandic wage costs and Norwegian consumer confidence.

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

Japanese and Chinese Releases: Japanese preliminary PMIs, index of leading economic indicators, corporate service prices and Tokyo consumer prices. Chinese corporate profits and index of leading economic indicators.

Selected Other Asian Releases: Singaporean, Malaysian, and Hong Kong consumer prices. Thai, Taiwanese, and Singaporean industrial production. Taiwanese retail sales and unemployment. Thai and Singapore GDP. Hong Kong and Taiwanese trade balances. Singapore PPI, South Korean consumer confidence, and India’s index of leading economic indicators.

Australia and New Zealand: Australian and New Zealand retail sales. Australian quarterly investment and monthly PMI and construction completions.

South Africa and Turkey: South African producer prices and leading economic indicators. Turkish economic sentiment.

Canada, Brazil and Mexico: Canadian survey of manufacturing sales, orders and inventories. Brazilian and Mexican current accounts. Canadian and Mexican retail sales. Mexican GDP and balance of trade. Brazilian consumer confidence.

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



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