Next Week’s Menu: May 13 – 19, 2023

May 12, 2023

Central Banks: Monetary policy reviews scheduled in the Philippines and Mexico. Minutes of last Reserve Bank of Australia Board meeting will be published. Several Fed officials to speak publicly, including Powell, Barr, Williams, Jefferson, Cook, Bostic, Mester, and Kashkari. Bank of Governor Bailey also speaks publicly.

Holidays and Special Events: Ascension Day on Thursday. Turkish parliamentary and presidential elections on Sunday. EcoFin meeting on Wednesday. Group of Seven leaders summit in Hiroshima Japan runs May 19-21.

Scheduled U.S. Data Releases; Housing starts, building permits, Empire State and Philly Fed manufacturing surveys, Existing home sales, National Association of Home Builders housing market index, index of leading economic indicators and Treasury-compiled capital flows. Weekly jobless insurance claims, mortgage applications, energy inventories, and chain store sales.

Japanese and Chinese Releases: Japanese quarterly GDP and monthly producer prices, machine tool orders, revised industrial production, capacity usage, trade balance, tertiary index, and CPI. Chinese retail sales, industrial production, fixed asset investment, unemployment, property prices, foreign direct investment and unemployment.

Other Selected Asian Data: Indian and Singaporean trade balances. Indian WPI, Thai GDP and Hong Kong unemployment.

Euroland Releases: Quarterly GDP and employment growth. Monthly industrial production, CPI, index of leading economic indicators, and ZEW index of investor sentiment.

Members of the Euro Area: German WPI, PPI, ZEW expectations, trade balance, and index of leading economic indicators. Dutch, Cypriot, and Finnish GDP. Austrian and Finnish consumer prices. Spanish consumer confidence, French unemployment, and Italian construction output. Italian and Spanish trade balances.

U.K. and Switzerland: British labor market statistics and index of leading economic indicators. Swiss industrial production, producer prices and import prices.

Eastern Europe: Polish and Russian GDP. Polish and Bulgarian consumer prices. Czech PPI and Poland’s current account.

Nordic Europe: Swedish CPI, Norway’s trade balance, and Danish producer prices.

Australia and New Zealand: Australian unemployment, employment, building permits, consumer confidence, index of leading economic indicators and quarterly wage price growth. New Zealand’s trade balance and service sector purchasing managers survey.

Canada, Mexico and Brazil: Canadian housing starts, consumer prices, retail sales and manufacturing sales, orders and inventories. Mexican and Brazilian trade balances and indices of leading economic indicators. Mexican trade balance.

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

 

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