Markets: What to look out for this week? – Deutsche Bank
Analysts at Deutsche Bank suggest that in Europe the only data scheduled today is the advance July consumer confidence reading for the Eurozone.
Key Quotes
“In the US we'll get the June Chicago Fed National activity index print followed by June existing home sales data. Away from that, the BoE's Broadbent will speak to the Society of Professional Economists in London in the evening. Meanwhile, Alphabet will releasing earnings.”
“Tuesday: The big data focus on Tuesday will be the release of the flash July PMIs across the globe. Overnight we'll get the manufacturing PMI for Japan followed by the manufacturing, services and composite PMIs for France, Germany and the Eurozone. The US PMIs will then be out in the afternoon. Away from that data, we'll also get July business and manufacturing confidence prints for France, CBI selling prices data for the UK for July, and the July Richmond Fed manufacturing index in the US. Earnings wise, Verizon, AT&T and Harley Davidson are due to report.”
“Wednesday: There is no data of note in Asia on Wednesday. However in Europe we'll get June PPI for France along with the July IFO survey for Germany, July CBI retailing reported sales in the UK and M3 money supply data for the Euro area for June. In the US, June new home sales is the only data due out. Away from the data, European Commission President Jean-Claude Juncker and the EU trade chief Cecilia Malmstrom will meet with US President Donald Trump to discuss averting a new round of U.S. tariffs on European car imports. Key earnings releases for the day include Coca-Cola, General Motors, Facebook and Boeing.”
“Thursday: All eyes on Thursday will be on the ECB monetary policy meeting which beings at 12.45pm BST. Data-wise, overnight we will get June services PPI for Japan. After that we'll get the August consumer confidence print for Germany and July consumer confidence data for France. In the US, the June advance goods trade balance, preliminary June wholesale inventories, June retail inventories, preliminary June durable goods and capital goods orders and the July Kansas City Fed manufacturing activity reading are all slated for release. Away from the data, the WTO will hold a General Council meeting to cover issues related to the US-China trade conflict, while notable earnings releases for the day include Intel and Amazon.”
“Friday: Much of the focus on Friday will be on the advance Q2 GDP reading for the US in the afternoon. Prior to that, we'll get June industrial profits data for China followed by the release of June consumer spending data and the advance Q2 GDP reading for France. In the US, we will also get the final July University of Michigan survey data. Finally, Exxon Mobil and Chevron will report earnings.”