Next Week’s Menu: June 24 – 30, 2023

June 23, 2023

Central Banks: Monetary policy reviews are scheduled in Colombia, Sweden and Thailand. A summary of the Bank of Japan’s Board meeting earlier this month will be published. Bostic and Williams of the Federal Reserve and Pill and Teneryro of the Bank of England are some of the central bank officials scheduled to speak publicly. The results of the U.S. bank stress tests will be published on Wednesday.

Special Events: Leaders of the European Union known as the EU Council hold a summit on Thursday and Friday. The presidency of the EU, which rotates every six months, will be shifting from Sweden in the first half of 2023 to Spain in the second half of the year. Government entities whose fiscal years end on June 30 include Australia, New Zealand, Pakistan, and most U.S. states.

Scheduled U.S. Data Releases: The earliest glimpse of second-quarter GDP growth and monthly PCE price deflator. Monthly new home sales, pending home sales, personal income, personal consumption expenditures, PCE price deflator, Dallas Fed and Richmond Fed manufacturing surveys, Conference Board and U. Michigaan indices of consumer confidence, preliminary merchandise trade balance, Chicago regional purchasing managers index, and durable goods orders. Weekly mortgage applications, energy inventories, chain store sales and jobless insurance claims.

Japanese and Chinese Releases: Japanese corporate service prices, Toykyo CPI, industrial production, retail sales, consumer confidence, housing starts, construction orders, unemployment, and index of leading economic indicators. Chinese corporate profits, index of leading economic indicators, and NBS government-compiled manufacturing and non-manufacturing purchasing manager surveys.

Selected Other Asian Releases: South Korean and Singaporean industrial production. Malaysian and Singaporean producer prices. Hong Kong’s trade balance, and India’s current account. South Korean retail sales, business sentiment and consumer confidence. Malaysian unemployment and Filipino business sentiment.

Euroland Releases: Consumer prices, economic sentiment, consumer confidence, money and credit growth.

Members of the Euro Area: French, Italian, Spanish, Finnish, Austrian, and Cypriot producer prices. German, French, Italian, and Portuguese consumer confidence. German, Dutch and Portuguese retail sales. GermanĀ  import prices and IFO business climate index. German and Italian consumer prices and unemployment. French consumer spending, Italian industrial sales, and Austrian manufacturing purchasing managers survey.

U.K. and Switzerland: British shop prices, GDP, current account, distributive trades survey, Nationwide house price index, mortgage approvals, and M4 money growth. Swiss retail sales, KOF index of leading indicators, and ZEW index of investor sentiment.

Eastern Europe: Hungarian and Slovenian producer prices. Russian and Czech business confidence. Russian unemployment, profits and industrial production. Czech GDP and business confidence.

Nordic Europe: Swedish, Norwegian, and Danish retail sales. Icelandic and Swedish producer prices. Swedish consumer confidence and trade balance. Danish GDP and Icelandic CPI.

Australia, New Zealand and South Africa: Australian retail sales, money growth, and private credit. South African PPI, consumer sentiment, and trade balance. New Zealand business confidence.

Canadian Releases: Monthly GDP, CPI, industrial production, and survey of manufacturing sales, orders and inventories.

Mexico and Brazil: Mexican and Brazilian unemployment. Mexican PMI and trade balance. Brazilian PPI.

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

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