Next Week’s Menu: April 1 – 7, 2023

March 31, 2023

Central Banks: Interest rate policies will be reviewed in Australia, New Zealand, India, Poland, Romania and Sri Lanka. The Bank of Japan publishes its quarterly Tankan survey of corporate conditions and expectations. Kazuo Ueda replaces Kuroda and Bank of Japan governor with a five-year term. The Bank of Canada releases its business outlook survey.

Holidays and Special Events: China Ching Ming Festival on Wednesday. Stock markets will be closed on April 7 for Good Friday in many countries such as Australia, New Zealand, Switzerland, Great Britain, Canada, the United States, Germany and many other members of Euroland. Australia and New Zealand return to standard time on Sunday. A monthly OPEC meeting happens on Tuesday.

March Purchasing Manager Surveys: Numerous PMIs for manufacturing, service sector activities, and construction will be released during the coming week.

Scheduled U.S. Data Releases: The Labor Dept’s March employment situation report (nonfarm payroll jobs, unemployment, average hourly earnings and so much more), plus monthly trade deficit, auto sales, construction spending, and consumer credit. Weekly jobless insurance claims, mortgage applications, chain store sales, and energy inventories.

Japaneses Releases: International reserves, household spending, labor cash earnings, monetary base, and index of leading economic indicators.

Selected Other Asian Releases: South Korean, Filipino and Indonesian consumer prices. China reserves, Singapore retail sales, and South Korean index of leading economic indicators.

Euroland Data: Producer prices and home prices.

Members of the Euro Area: German industrial production, factory orders, and trade balance. French, Spanish, Irish, and Portuguese industrial production. Greek GDP, Austrian wholesale prices, Cypriot consumer prices and Italian retail sales. Spanish consumer confidence and unemployment.

U.K. and Switzerland: British car sales and Halifax house price index. Swiss CPI and unemployment.

Eastern Europe: Romanian and Hungarian retail sales. Romanian CPI.

Nordic Europe: Norwegian and Danish industrial production.

Australia and Turkey: Australian trade balance and mortgage loans. Turkish CPI, PPI, and trade balance.

Canada, Mexico and Brazil: Canadian labor market statistics, IVEY-PMI index, building permits and trade balance. Mexican business confidence and CPI. Brazilian trade balance.

Copyright 2023, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

 

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