In the week ahead, the U.S. is to release what will be closely watched data on consumer prices, home sales and manufacturing orders. Investors will also be awaiting surveys on private sector activity in the euro zone, data on second quarter growth from the U.K. and a rate statement by New Zealand’s central bank.
Monday, July 21
Markets in Japan are to remain closed for a national holiday.
In the euro zone, Germany’s Bundesbank is to publish its monthly report.
Tuesday, July 22
Reserve Bank of Australia Governor Glenn Stevens is to speak, his comments will be closely watched.
Switzerland is to release data on the trade balance, the difference in value between imports and exports.
The U.K. is to release data on public sector net borrowing.
The U.S. is to release reports on consumer price inflation and existing home sales.
Wednesday, July 23
Australia is to produce data on consumer price inflation.
The Bank of England is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Later in the day, BoE Governor Mark Carney is to speak.
Canada is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity.
Thursday, July 24
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision. The bank is also to hold a press conference to discuss the monetary policy decision.
Both New Zealand and Japan are to release reports on their respective trade balances.
China is to release the preliminary reading of the HSBC manufacturing index.
The euro zone is to publish preliminary data on private sector activity, while Germany and France are to also to publish data on private sector growth. Meanwhile, Spain is to release its latest employment report.
The U.K. is to release data on retail sales.
The U.S. is to produce data on unemployment claims, manufacturing activity and new home sales.
Friday, July 25
Japan is to release data on consumer inflation.
New Zealand is to release private sector data on business confidence.
In the euro zone, Germany is to publish the Gfk report on consumer climate and the Ifo report on business climate.
The U.K. is to release preliminary data on second quarter gross domestic product, the broadest indicator of economic activity and the leading measure of the economy’s health.
The U.S. is to round up the week with data on durable goods orders.
