- New Zealand rate decision on Wednesday
- Wdnesday also sees UK inflation update
- US Retail Sales and minutes from the last FOMC meeting
Monday 15th August
The week kicks off with Japanese Preliminary GDP. Then from China we have monthly updates for Retail Sales, Fixed Asset Investment, Industrial Production, and Unemployment. The Italian and French stock markets are closed for Assumption Day. Japan releases its Revised Industrial Production number, while Switzerland updates on the Producer Prices Index (PPI). From Canada we have Manufacturing Sales and Wholesale Sales, and from the US there’s the Empire State Manufacturing Index, NAHB Housing Market Index, and TIC Long-Term Purchases.
Earnings to watch
- Adamis Pharmaceuticals
- Altus Power
- Sterling Bancorp
- Tencent Music
- Vislink.
Tuesday 16th August
Overnight sees the releases of minutes from the Reserve Bank of Australia’s (RBA) last monetary policy meeting in early August. This was when the central bank raised its key Cash Rate by 50 basis points to 1.85% as expected. We have Japan’s Tertiary Industry Activity and the latest update on UK unemployment, along with the Claimant Count Change and Average Earnings Index. We have the Euro zone’s Trade Balance, and the ZEW Economic Sentiment survey for both the Euro zone and Germany. We have the Canadian Consumer Price Index (CPI) and Housing Starts. From the US we have Building Permits, Housing Starts, Mortgage Delinquencies, Capacity Utilisation, and Industrial Production.
Earnings to watch
- Agilent Technologies
- Home Depot
- Walmart
- Weibo.
Wednesday 17th August
Overnight there’s Japan’s Core Machinery Orders and Trade Balance. Then we have the Wage Price Index and MI Leading Indicator from Australia, along with a rate decision and monetary policy statement from the Reserve Bank of New Zealand (RBNZ). The RBNZ was amongst the first major central banks to tighten monetary policy, making its first rate hike this time last year. Since then, it has raised rates at every meeting, taking its Official Cash Rate to 2.50% from 0.25%. It will be interesting to see if the RBNZ pauses now or continues to hike. Following this, we get our next update on UK inflation in the form of CPI, PPI, and the Retail Price Index (RPI). In August last year, Headline CPI stood at 2.0%, bang on the Bank of England’s (BoE) inflation target. Last month it had jumped to 9.4%, with even the BoE predicting it will exceed 13% by the end of this year. From the Euro zone there’s the Flash Employment Change and Flash GDP, while from the US we have Retail Sales, Business Inventories, weekly Crude Oil Inventories, and minutes from the last FOMC meeting when the Federal Reserve raised rates by 75 basis points for the second successive month.
Earnings to watch
- Analog Devices
- Cisco Systems
- Krispy Kreme
- Lowe’s
- Macy’s
- Target
- TJX Companies.
Thursday 18th August
Overnight we have employment data from Australia, then Euro zone CPI, with both Euro zone and German ZEW Economic Sentiment surveys to follow. From the US there’s the Philly Fed Manufacturing Index, Weekly Unemployment Claims, Existing Home Sales, and the CB Leading Index. We also expect a speech from FOMC-voting member Esther George.
Earnings to watch
- Applied Materials
- BJ’s Wholesale
- Kohl’s
- Ross Stores
- Tapestry.
Friday 19th August
Overnight we have the UK’s GfK Consumer Confidence index. From Japan there’s National Core CPI, and Credit Card Spending from New Zealand along with the RBNZ’s Statement of Intent. Then there’s the Swiss Trade Balance, German PPI, and Retail Sales and Public Sector Net Borrowing from the UK. Finally, we have the Euro zone Current Account, and Canadian Retail Sales.
Earnings to watch
- Deere & Co
- Foot Locker
- Outbrain
David Morrison is an Analyst with Trade Nation. Trade Nation was set up with the specific remit to help customers realise their trading goals by changing the way they engage with the financial markets. As well as providing full transparency and making sure all customers get a fair deal, Trade Nation is fully regulated. This means customers can be confident they’re getting the trading experience they deserve. Visit www.tradenation.com to find out more
