Markets: What to look out for this week? – Deutsche Bank
Analysts at Deutsche Bank point out its going to be a quiet start to the week for data today, with July new car registrations for the UK and the August Sentix investor confidence survey reading for the Eurozone.
Key Quotes
“There is nothing of note in the US, while in China the Q2 current account balance reading will be out at some stage. It's worth noting that the first phase of the restoration of US economic sanctions on Iran are also scheduled to take effect from Monday. HSBC, SoftBank and UniCredit are all due to release earnings.”
“Tuesday: The overnight data tonight includes the July BRC like-for-like sales reading in the UK and June household spending and labor earnings data in Japan. In Europe we'll get the June trade balance, current account balance and industrial production data for Germany along with the June trade balance and current account balance data for France. House price data for the UK for July will also be out. In the US the June JOLTS job openings and consumer credit data are due out. China's July foreign reserves data is also scheduled to be released at some stage. Walt Disney will also release earnings.”
“Wednesday: Overnight on Wednesday we get the BoJ's summary of opinions along with Japan's June current account balance and July trade balance data. In Europe, the only release is France's July Bank of France industry sentiment index while in the US we get the latest weekly MBA mortgage applications data. China's July trade data will also be released at some stage during the day. Away from the data, the Fed's Barkin is scheduled to speak while CVS Health and Glencore are due to report earnings.”
“Thursday: The early focus on Thursday will be China's July PPI and CPI prints. With nothing of note in Europe, attention will turn to the US where we get the July PPI report along with final June wholesale inventories data and the latest weekly initial jobless claims data. Merck and Adidas will also report earnings.”
“Friday: It's a busy end to the week for data on Friday. The main highlight is likely to be the July CPI report in the US in the afternoon. Prior to that we get the preliminary Q2 GDP reports in Japan and the UK. June industrial production data is also due out in France and the UK as well as June trade data in the latter. In the evening we'll also get the July monthly budget statement in the US. Japan Post and Gazprom will report earnings.”