Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

March 15-21, 2025 – Currency Thoughts


Next Week’s Menu: March 15-21, 2025

March 14, 2025

Central Banks: The week ahead will be very active for central bankers, with policy reviews planned at the Federal Reserve and central banks in Japan, China, Indonesia, the U.K., Taiwan, Russia, Armenia, Moldova, Uzbekistan, Switzerland, Sweden, Iceland, Brazil, Chile, and South Africa. The Fed’s review will include updated forecasts. Fed Chairman Powell, NY Fed District President Williams, BOJ Governor Ueda, ECB President Lagarde, ECB VP Guindos and chief economist Lane, Bank of Canada Governor Machlem, and Swiss National Bank Board Chairman Schlegel are some of the central bankers with speaking engagements during the period.

Event and Holiday: Japan will be observing the Vernal Equinox holiday on Thursday. A summit of EU Council leaders starts that day as well.

Scheduled U.S. Economic Data Releases: Fourth quarter current account. Monthly import prices, retail sales, industrial production, capacity utilization, housing starts, building permits, existing home sales, NAHB housing market index, Empire State and Philly Fed manufacturing surveys, Treasury-compiled capital flows, and Conference Board-compiled index of leading economic indicators. Weekly jobless insurance claims, energy inventories, mortgage applications and chain store sales.

Japanese and Chinese Releases: Japanese industrial production, capacity usage, consumer prices, machinery orders, tertiary index and trade balance. Chinese industrial production, retail sales, fixed asset investment, unemployment, and home prices.

Selected Other Asian Releases: Indian, Indonesian, and Singaporean trade balances. Hong Kong and Malaysian consumer prices. South Korean PPI and Indian wholesale prices.

Euroland Releases: Quarterly labor costs and monthly current account, trade balance, CPI, ZEW Institute index of investor expectations, and construction output.

Members of the Euro Area: German ZEW index of investor expectations. Italian, Croatian, Cypriot and Austrian CPI. German, Portuguese, Estonian, Slovenian, Latvian, and Irish PPI. Irish and Italian trade balances. Dutch, Belgian, French and Slovenian consumer confidence. French index of leading economic indicators. Italian current account and construction output.

U.K. and Switzerland: British labor market statistics, consumer confidence, Rightmove house price index, industrial trends survey and public sector net borrowing. Swiss trade surplus.

Eastern Europe: Czech, Russian and Polish producer prices. Czech, Bulgarian and Russian consumer confidence. Bulgarian and Polish CPI. Polish current account and industrial production.

Nordic Europe: Danish PPI and consumer confidence. Norway’s trade balance.

Australia and New Zealand: Australian labor market statistics and index of leading economic indicators. New Zealand trade balance and service sector purchasing managers index.

South Africa and Turkey: South African CPI, retail sales, and building permits. Turkish consumer confidence.

Canadian Releases: Housing starts, consumer prices, producer prices home prices, and retail sales.

Brazil and Mexico: Brazilian business confidence and Mexico’s index of leading economic indicators.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

 

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