Markets: What to look out for this week? – Deutsche Bank
Analysts at Deutsche Bank lists down the key economic releases and events for the week ahead.
Key Quotes
“Monday: In the US we'll get May consumer credit data in the evening. Away from that, ECB President Draghi speaks to the European Parliament's Committee on Economic and Monetary Affairs in Brussels, BoJ Governor Kuroda will speak overnight at a Branch Manager's meeting, while the BoE's Broadbent will speak at a conference in London and the ECB's Nowotny will speak in Zurich. German Chancellor Merkel and Chinese PM Li Keqiang are also due to chair a meeting of cabinet ministers from both countries.”
“Tuesday: Overnight we get June BRC sales data in the UK along with June CPI and PPI readings in China. In Europe, we're due to get May industrial production and manufacturing production prints in France followed by May industrial production in Italy and May trade balance, industrial production, manufacturing production and construction output data all in the UK. Also worth noting is the U.K. Statistics Office publishing their first monthly estimate of GDP. Also out in the morning is Germany's July ZEW survey. In the afternoon in the US we get the June NFIB small business optimism print followed by May JOLTS job openings data. Elsewhere US Secretary of State Mike Pompeo will participate in the US-EU Energy Council.”
“Wednesday: The calendar is fairly sparse on Wednesday with the only overnight data due out being the June PPI print in Japan. There are no releases of note in Europe while in the US the most significant release is the June PPI report, while May wholesale trades sales and final May wholesale inventories are also due. Away from the data, BoE Governor Mark Carney will speak late in the afternoon on the global financial crisis at a conference in Boston while New York Fed President John Williams will speak to business and community leaders at an event in Brooklyn. Meanwhile the NATO meeting begins, continuing into Thursday, and includes participation from US President Trump, while Japan PM Abe meets European Council President Tusk and EC President Juncker.”
“Thursday: All eyes on Thursday will be on the June CPI report in the US in the afternoon. Away from that, overnight we get the June RICS house price balance in the UK followed by final June CPI prints for Germany and France in the morning. Following those we get May industrial production in the Eurozone. Also out in the US will be the June monthly budget statement along with the latest weekly initial jobless claims data. In terms of central banks, Minneapolis Fed President Neel Kashkari will speak in a panel discussion on immigration issues and Philadelphia Fed President Patrick Harker will speak at the annual Rocky Mountain economic summit. Euro Area finance ministers are also due to meeting in Brussels to discuss the EMU.”
“Friday: It's a fairly quiet end to the week for data on Friday with the final June CPI report in Spain the only release of note in the morning. In the US we're due to get June import and exports price indices along with the preliminary July University of Michigan survey. Of more interest will be the Fed releasing its semi-annual monetary policy report to Congress. At some stage on Friday, China's June trade balance is also due out. Away from that, the BoE's Deputy Governor Jon Cunliffe will speak at an event in Kendall at noon and the Fed's Bostic will hold a town hall chat in Northern Virginia in evening. Finally President Trump is due to travel to the UK and meet PM May.”