Weekly Reports | Jun 11 2010
By Rudi Filapek-Vandyck
US economic data will once again take centre stage next week, with the calendar kicking off with the Empire State manufacturing survey on Tuesday and then shifting up a gear with housing starts, producer prices and industrial production on Wednesday.
On Thursday follow consumer prices, the leading index, current account, Philadelphia Fed survey and those all-important weekly jobless claims.
If economist views are anything to go by, next week's data should simply provide more ammunition for a continuation of the underlying story that sees the US economy steadily improve.
In Australia, we start the week (hopefully) in a very relaxed mode as Monday will keep local markets closed due to Queens Birthday celebrations.
After that, investors can spend their time digesting April lending finance data, the RBA Board minutes, plus a speech by RBA Deputy Governor Ric Battellino to Financial Executives International, plus credit card lending data for April. This is all scheduled to happen on Tuesday, June 15.
On Wednesday follows the release of March quarter Dwelling starts and the Westpac leading index.
Tuesday will also see the release of Japanese industrial production figures for April, as well as eurozone employment, UK consumer prices and NZ retail sales.
On Wednesday we get UK housing starts and unemployment, a (non) decision by the Bank of Japan, home sales in New Zealand and consumer prices in the EU.
On Thursday, the queue of US data (see above) will be preceded by retail sales in the UK. On Friday there's a monthly report by the ECB plus the release of central bank meeting minutes in Japan.
For a more comprehensive preview of next week's events, please refer to "The Monday Report", published each Monday morning. For all economic data release dates, ex-div dates and times and other relevant information, please refer to the FNArena Calendar.
