Economic Calendar - Week Starting 4 October 2010

Here's the Economic Calendar for the week commencing the 4th of October 2010. This week the main events are in the monetary policy and employment space. Firs up there's Japan with its monthly monetary policy meeting, then the RBA in Australia is expected to re-commence tightening, then the ECB and Bank of England meet on Thursday. On the employment front there's data from Australia, Canada, and the US with the much watched non-farm payrolls report. Also this week, the IMF will release its World Economic Outlook forecasts and commentary on Wednesday, shortly before the IMF annual meetings kick off in the coming weekend.

(More commentary follows the table)

Day	Time (GMT)	Code	Event/Release	Forecast	Previous
MON	EUR	09:00	Euro-Zone Producer Price Index (YoY) (AUG)	3.7%	4.0%
MON	USD	14:00	Pending Home Sales (YoY) (AUG)		-20.1%
MON	USD	14:00	Factory Orders (AUG)	0.0%	0.1%
MON	JPY		Bank of Japan Rate Decision (OCT 5)	0.10%	0.10%
MON	AUD	00:30	Retail Sales s.a. (MoM) (AUG)	0.4%	0.7%
MON	AUD	00:30	Trade Balance (Australian dollar) (AUG)	2300M	1888M
MON	AUD	03:30	Reserve Bank of Australia Rate Decision	4.75%	4.50%
TUE	CHF	07:15	Consumer Price Index (YoY) (SEP)	0.3%	0.3%
TUE	EUR	07:55	German PMI Services (SEP F)	54.6	54.6
TUE	EUR	08:00	Euro-Zone PMI Services (SEP F)	53.6	53.6
TUE	EUR	08:00	Euro-Zone PMI Composite (SEP F)
TUE	GBP	08:30	Purchasing Manager Index Services (SEP)	51.0	51.3
TUE	EUR	09:00	Euro-Zone Retail Sales (YoY) (AUG)		1.1%
TUE	USD	14:00	ISM Non-Manufacutring Composite (SEP)	52.0	51.5
TUE	USD	21:00	ABC Consumer Confidence (OCT 3)		-46
WED	EUR	09:00	Euro-Zone GDP s.a. (YoY) (2Q F)		1.9%
WED	EUR	09:00	Euro-Zone GDP s.a. (QoQ) (2Q F)	1.0%	1.0%
WED	EUR	10:00	German Factory Orders s.a. (MoM) (AUG)	1.0%	-2.2%
WED	USD	12:15	ADP Employment Change (SEP)	20K	-10K
WED	CAD	14:00	Ivey Purchasing Managers Index (SEP)	62.0	65.9
WED	GBP		NIESR GDP Estimate (SEP)		0.7%
WED	AUD	00:30	Employment Change (SEP)	20.0K	30.9K
WED	AUD	00:30	Unemployment Rate (SEP)	5.1%	5.1%
THU	GBP	08:30	Industrial Production (YoY) (AUG)	4.2%	1.9%
THU	EUR	10:00	German Industrial Production (YoY) (AUG)		10.9%
THU	GBP	11:00	Bank of England Rate Decision (OCT 7)	0.50%	0.50%
THU	GBP	11:00	Bank of England Asset Purchase Target	200B	200B
THU	EUR	11:45	European Central Bank Rate Decision (OCT)	1.00%	1.00%
THU	USD	12:30	Initial Jobless Claims (OCT 2)	453K	453K
THU	USD	19:00	Consumer Credit (AUG)	-$3.0B	-$3.6B
THU	CNY	02:30	China HSBC Services PMI (SEP)		57.6
FRI	EUR	06:00	German Exports s.a. (MoM) (AUG)	-0.8%	-1.6%
FRI	EUR	06:00	German Imports s.a. (MoM) (AUG)	0.4%	-2.2%
FRI	GBP	08:30	Producer Price Index Input n.s.a. (YoY) (SEP)	8.6%	8.1%
FRI	GBP	08:30	PPI Output Core n.s.a. (YoY) (SEP)	4.3%	4.6%
FRI	CAD	11:00	Net Change in Employment (SEP)	10.0K	35.8K
FRI	CAD	11:00	Unemployment Rate (SEP)	8.0%	8.1%
FRI	USD	12:30	Change in Non-farm Payrolls (SEP)	5K	-54K
FRI	USD	12:30	Average Hourly Earning All Employees (MoM)	0.2%	0.3%
FRI	USD	12:30	Change in Private Payrolls (SEP)	82K	67K
FRI	USD	12:30	Unemployment Rate (SEP)	9.7%	9.6%
FRI	USD	12:30	Average Weekly Hours All Employees (SEP)	34.2	34.2
	All		IMF Meetings

Starting off with the monetary policy events, the Bank of Japan of course wont touch interest rates, if anything they might look to do additional stimulus to get the economy moving and attack the persistent deflation problem - it will also be interesting to see what they say about the yentervention . The Reserve Bank of Australia will also come firmly into the spotlight as the consensus is growing toward seeing another interest rate increase... remember this time last year it kicked off the tightening cycle - dejavu anyone? The ECB probably wont do much, but it always puts out some insightful commentary, and the Bank of England could well release more stimulus - in preference of addressing the economic growth risks vs the inflation risks.

On the jobs front, Australia is up first, and is expected to show jobs growth around 20k vs 30.9k in August, as the lucky country's economy goes from strength to strength on the back of a strong resources sector that is likely to only grow in strength (as long as commodity prices stay right... and the Aussie dollar for that matter). In Canada it's a similar story, the resources sector is going strong and jobs growth is expected to come in at 10k vs 35.8k in August. Meanwhile in the US, consensus is for about 5k on the headline payrolls figure vs -54k in Aug, while the private payrolls number is expected to be about 82k vs 67k in Aug... still nothing to write home about in the context of the net negative jobs growth over the past decade.

Elsewhere there's a few data points out on Germany this week including the PMI numbers, factory orders (expected to increase), industrial production, and exports and imports data. There's also producer price index info from the EU and UK. Also among the remaining PMI data to be released this week for September, there's the US non-manufacturing composite, and the China HSBC services PMI; both of which will be critical data points to be across in terms of monitoring the two largest economies. In the US there's also consumer credit data due out for August, as well as pending home sales and the ABC consumer confidence index.

Another interesting feature of this week will be the IMF (International Monetary Fund), with the respected World Economic Outlook due to be released on Wednesday, and the IMF annual meetings in the coming weekend. While its unlikely to be too much more than a talk-fest, it will be worth monitoring what they have to say.

So as always, have a great week, watch out for surprises, and stay tuned for updates...

Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification

Article Source: http://www.econgrapher.com/4oct-calendar.html

Econ Grapher - Economic Calendar - 9 August 2010

Here's the Economic Calendar for the week commencing the 9th of August 2010. This week China takes the spotlight with its monthly data dump; there's new loans, money supply, trade balance, CPI, fixed asset investment, industrial production, PPI, and retail sales. Then on the monetary policy front there's Japan, and the US who both meet to review policy this week. The EU is set to announce its second quarter GDP results this week, and from the US will be CPI, UoM & ABC confidence numbers, and the trade balance. Elsewhere there's employment numbers from Australia, consumer confidence from Japan, and house prices in New Zealand.

(More commentary follows the table)

Day	Time (GMT)	Code	Event/Release	Forecast	Previous
MON		CNY	New Loans	600B	603B
MON		CNY	M2 Money Supply y/y	18.6%	18.5%
MON	04:00	JPY	Bank of Japan Monetary Policy Meeting (AUG 9)
MON	06:00	EUR	German Trade Balance (euros) (JUN)	12.0B	9.7B
MON	22:45	NZD	NZ Card Spending (MoM) (JUL)		0.4
MON	23:50	JPY	Housing Loans (YoY) (2Q)		1.0%
TUE		CNY	Trade Balance	19.6B	20.0B
TUE	04:00	JPY	Bank of Japan Rate Decision (AUG 10)	0.10%	0.10%
TUE	06:45	EUR	French Industrial Production (YoY) (JUN)	7.3%	8.2%
TUE	11:30	USD	NFIB Small Business Optimism (JUL)		89
TUE	18:15	USD	Federal Open Market Committee Rate Decision	0.25%	0.25%
TUE	21:00	USD	ABC Consumer Confidence (AUG)
TUE	22:00	CNY	CPI y/y	3.3%	2.9%
TUE	22:00	CNY	Fixed Asset Investment ytd/y	25.4%	25.5%
TUE	22:00	CNY	Industrial Production y/y	13.5%	13.7%
TUE	22:00	CNY	PPI y/y	6.1%	6.4%
TUE	22:00	CNY	Retail Sales y/y	18.6%	18.3%
TUE	00:30	AUD	Westpac Consumer Confidence Index (AUG)		113.1
TUE	00:30	AUD	Westpac Consumer Confidence (AUG)		11.1%
WED	09:30	GBP	Bank of England Quarterly Inflation Report
WED	12:30	USD	Trade Balance (JUN)	-$42.2B	-$42.3B
WED	18:00	USD	Monthly Budget Statement (JUL)	-$165.0B	-$180.7B
WED	22:30	NZD	Business NZ Performance of Manufacturing Index		56.2
WED	01:30	AUD	Employment Change (JUL)	20.0K	45.9K
WED	01:30	AUD	Unemployment Rate (JUL)		5.1%
THU	04:30	JPY	Industrial Production (MoM) (JUN F)		-1.5%
THU	05:00	JPY	Consumer Confidence (JUL)	43.9	43.6
THU	05:00	JPY	Consumer Confidence Households (JUL)	43.9	43.5
THU	08:00	EUR	ECB Publishes Monthly Report (AUG)
THU	09:00	EUR	Italian Trade Balance (Total) (euros) (JUN)		-1957
THU	09:00	EUR	Euro-Zone Industrial Production w.d.a. (YoY)	9.3%	9.4%
THU	22:00	NZD	REINZ Housing Price Index MoM% (JUL)		0.6%
THU	22:00	NZD	REINZ Housing Price Index (JUL)		3230.6
THU	22:45	NZD	Retail Sales (MoM) (JUN)	0.5%	0.4%
FRI	09:00	EUR	Euro-Zone Trade Balance (euros) (JUN)		-3.4B
FRI	09:00	EUR	Euro-Zone Gross Domestic Product s.a. (QoQ)		0.2%
FRI	09:00	EUR	Euro-Zone Gross Domestic Product s.a. (YoY)		0.6%
FRI	12:30	USD	Consumer Price Index Ex Food & Energy (YoY)		0.9%
FRI	12:30	USD	Consumer Price Index (YoY) (JUL)		1.1%
FRI	12:30	USD	Advance Retail Sales (JUL)		-0.5%
FRI	12:30	USD	Retail Sales Less Autos (JUL)		-0.1%
FRI	12:30	USD	Retail Sales Ex Auto & Gas (JUL)		0.1%
FRI	13:55	USD	U. of Michigan Confidence (AUG P)		67.8

Starting with the economy of the week, China will be reporting it's major data points this week for July. The first batch will likely be the data from the PBOC which includes lending data (which by the way will likely be fairly static around 600B as the regulators crack down on excessive lending), and money supply data, then there's the trade data from the customs department, which is likely to be unchanged, but as always - I'm keeping a close eye on the export/import levels as a kind of proxy for international trade volumes and as a bit of a gauge for global activity - i.e. if there's another major slump it will show up in Chinese exports. Then there's the data from the National Bureau of Statistics; inflation is likely to pick up a bit, and industrial production will likely follow the course suggested by the PMI readings i.e. down; the rest will likely be fairly standard.

Now, onto the monetary policy reviews; Japan is likely to be fairly ho-hum, to be sure - likely not to see any changes in the i-rate for quite a while; the only thing to watch for would be any additional stimulus measures e.g. the lending program they previously announced. The US is likely to be a similar story, but the rumors are increasing... or more likely the speculation is increasing that the Fed may implement additional stimulus measures to cement the recovery and counter any possibility of a double-dip recession (which remains a real risk).

Keeping with the US, there's also the other consumer confidence indicators from there; the ABC index, and the University of Michigan consumer sentiment index, the trade balance (which is expected to stay around negative 42B), the consumer price index (which is likely to show inflation around 1%), the monthly budget statement, and of course retail sales on Friday. The data points will add to the picture for the US economy, which is looking increasingly mixed - albeit weighted to the downside.

Elsewhere in the world there's the second quarter GDP figures from the EU, which will attract considerable interest given the recent financial system and sovereign debt concerns raised around there. Aside from the US, the other economies reporting confidence are Japan; which is expected to rise slightly, and Australia, which will likely be about sideways as the election draws near. The Aussies have also got their employment numbers out this week, which are likely to show continued jobs growth; likely better than New Zealand's results - who is set to release July house price data on Thursday.

So as always, have a great week, watch out for surprises, and stay tuned for updates...

Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification

Article Source: http://www.econgrapher.com/9aug-calendar.html

Economic Calendar - 2 August 2010

Here's the Economic Calendar for the week commencing the 2nd of August 2010. This week there's US ISM PMI for July, following China's weekend release of their PMI numbers. On the monetary policy front, there's the RBA, BoE, and ECB all meeting this week to review policy settings. It's also a big employment numbers week, with the US (nonfarm payrolls), Canada, and New Zealand releasing their recent employment statistics.

(More commentary follows the table)

Day	Time (GMT)	Code	Event/Release	Forecast	Previous
MON	03:00	NZD	ANZ Commodity Price (JUL)		-1.2%
MON	08:30	GBP	Purchasing Manager Index Manufacturing (JUL)		57.5
MON	14:00	USD	ISM Prices Paid (JUL)		57
MON	14:00	USD	ISM Manufacturing (JUL)		56.2
MON	14:00	USD	Construction Spending (MoM) (JUN)		-0.2%
TUE	01:30	AUD	Retail Sales s.a. (MoM) (JUN)		0.2%
TUE	04:30	AUD	Reserve Bank of Australia Rate Decision (AUG 3)	4.50%	4.50%
TUE	09:00	EUR	Euro-Zone Producer Price Index (MoM) (JUN)		0.3%
TUE	09:00	EUR	Euro-Zone Producer Price Index (YoY) (JUN)		3.1%
TUE	12:30	USD	Personal Consumption Expenditure (YoY) (JUN)		1.3%
TUE	12:30	USD	Personal Income (JUN)	0.30%	0.4%
TUE	12:30	USD	Personal Spending (JUN)	0.20%	0.2%
TUE	12:30	USD	Personal Consumption Expenditure (MoM) (JUN)	0.20%	0.2%
TUE	21:00	USD	Domestic Vehicle Sales (JUL)		8.57M
TUE	21:00	USD	Total Vehicle Sales (JUL)		11.08M
WED	01:30	AUD	Trade Balance (Australian dollar) (JUN)		1645M
WED	01:30	AUD	House Price Index (QoQ) (2Q)		4.8%
WED	09:00	EUR	Euro-Zone Retail Sales (MoM) (JUN)		0.2%
WED	09:00	EUR	Euro-Zone Retail Sales (YoY) (JUN)		0.3%
WED	14:00	USD	ISM Non-Manufacutring Composite (JUL)		53.8
WED	22:45	NZD	Employment Change (QoQ) (2Q)		1.0%
WED	22:45	NZD	Unemployment Rate (2Q)		6.0%
THU	01:30	AUD	Reserve Bank Quarterly Monetary Policy Statement
THU	11:00	GBP	Bank of England Rate Decision (AUG)	0.50%	0.50%
THU	11:00	GBP	Bank of England Asset Purchase Target AUG	200B	200B
THU	11:45	EUR	European Central Bank Rate Decision (AUG)	1.00%	1.00%
FRI	04:00	GBP	NIESR Gross Domestic Product Estimate (JUL)		0.7%
FRI	08:30	GBP	Producer Price Index Input n.s.a. (YoY) (JUL)		10.7%
FRI	08:30	GBP	Industrial Production (YoY) (JUN)		2.6%
FRI	08:30	GBP	Producer Price Index Output n.s.a. (YoY) (JUL)		5.1%
FRI	09:00	EUR	Italian Gross Domestic Product (QoQ) (2QP)		0.4%
FRI	09:00	EUR	Italian Gross Domestic Product (YoY) (2Q P)		0.5%
FRI	10:00	EUR	German Industrial Production (YoY) (JUN)		12.4%
FRI	11:00	CAD	Unemployment Rate (JUL)		7.9%
FRI	11:00	CAD	Net Change in Employment (JUL)		93.2K
FRI	12:30	USD	Unemployment Rate (JUL)		9.5%
FRI	12:30	USD	Change in Non-farm Payrolls (JUL)		-125K
FRI	14:00	CAD	Ivey Purchasing Managers Index (JUL)		58.9
FRI	19:00	USD	Consumer Credit (JUN)		-$9.1B

One of the key statistics out this week will be the ISM Purchasing Manager Index for July. This will be one to watch closely for more clues on how things are tracking 1 month into the second half of this year. It will also be interest to see in the context of China just releasing their PMI number in the weekend; recording 51.2, down from 52.1, as seasonal and government factors put the brakes on activity slightly.

In monetary policy it is likely to be a boring week in spite of the three high profile central banks meeting this week. The RBA is unlikely to increase the interest rate, instead opting to wait and see. The Bank of England wont be tightening just yet (and further easing is pretty low probability). The ECB will likewise just sit on their hands, but of course the accompanying statement will be very informative as usual.

On the employment front, the much watched US nonfarm payrolls figure will also add further clues to the state of the US economy - will we see a pick up? or will further signs of a double-dip show through? Canada will also report, but is in a better position than the US. New Zealand will also release its quarterly employment report, and will likely show further improvement.

Elsewhere, statistics releases of interest this week include; US consumer credit (a good update on this sector - expect continued weakness), Aussie retail sales and EU retail sales, producer price index for the EU and UK, and Italian Q2 GDP - as well as the July estimate for the UK; there's also the US personal consumption expenditure report.

So as always, have a great week, watch out for surprises, and stay tuned for updates...

Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification

Article Source: http://www.econgrapher.com/2aug-calendar.html