The upcoming events in the market for the week of July 15-19 are as follows:
On Monday, we have various events including the New Zealand Services PMI, PBoC MLF, China Industrial Production and Retail Sales, Eurozone Industrial Production, BoC Business Outlook Survey, and a speech by Fed Chair Powell.
Moving on to Tuesday, we have the Eurozone ZEW, Canada CPI, US Retail Sales, and US NAHB Housing Market Index to look out for.
Wednesday will bring us the New Zealand Q2 CPI, UK CPI, US Housing Starts and Building Permits, US Industrial Production and Capacity Utilization, along with speeches by Fed’s Waller and the Fed Beige Book.
Thursday will see the release of the Australia Labour Market report, UK Labour Market report, ECB Policy Decision, and US Jobless Claims.
Finally, on Friday, we have the Japan CPI, UK Retail Sales, and Canada Retail Sales to round off the week.
Overall, the market is eagerly anticipating various economic indicators and reports to gauge the health of different economies and potential policy decisions by central banks.
For instance, the US Retail Sales numbers are expected to show stability in consumer spending, reflecting positive real wage growth and a resilient labor market. This could impact market sentiment and expectations regarding future rate cuts by the Federal Reserve.
In addition, the UK CPI data will be closely watched as any surprises could influence the Bank of England’s decision on a rate cut. The central bank is closely monitoring inflation and jobs data to determine the timing of any policy adjustments.
Furthermore, the US Jobless Claims data remains crucial in assessing the state of the labor market, with Initial Claims expected to remain stable and Continuing Claims showing a slight decline. This ongoing trend of low layoffs and subdued hiring is something to monitor for future economic trends.
Overall, the week ahead is packed with important economic events and data releases that could shape market movements and investor sentiment. Stay tuned for updates and analysis on how these events unfold throughout the week.