Week’s main events (July 10 – July 14)
Last week, investors were mainly focused on the FOMC minutes and Nonfarm Payrolls data. A strong labor market report increases the likelihood of another two hikes by the US Fed. This week, the main focus of investors will be on inflation data in the United States, Germany, and China. Also, this week the Central Banks of Canada and New Zealand will meet on interest rate decisions. Analysts expect New Zealand’s Central Bank to leave rates unchanged, while the Bank of Canada may resort to another 0.25% rate hike. Investors should also keep on the start of the US earning period for the second quarter of 2023. JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) will report second-quarter earnings Friday. Analysts expect the results to be worse because of low earnings as well as the layoffs of thousands of employees amid the banking crisis.
- – China Consumer Price Index (m/m) at 04:30 (GMT+3);
- – China Producer Price Index (m/m) at 04:30 (GMT+3);
- – US FOMC Member Daly Speaks at 18:30 (GMT+3);
- – US FOMC Member Mester Speaks at 18:00 (GMT+3);
- – US FOMC Member Bostic Speaks at 19:00 (GMT+3);
- – UK BoE Gov Bailey Speaks at 22:00 (GMT+3).
- – Australia NAB Business Confidence (m/m) at 04:30 (GMT+3);
- – UK Average Earnings Index (m/m) at 09:00 (GMT+3);
- – UK Claimant Count Change (m/m) at 09:00 (GMT+3);
- – UK Unemployment Rate (m/m) at 09:00 (GMT+3);
- – German Consumer Price Index (m/m) at 09:00 (GMT+3);
- – German ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
- – Eurozone ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
- – US FOMC Member Bullard Speaks at 16:00 (GMT+3).
- – Japan Producer Price Index (m/m) at 02:50 (GMT+3);
- – New Zealand RBNZ Interest Rate Decision at 05:00 (GMT+3);
- – New Zealand RBNZ Rate Statement at 05:00 (GMT+3);
- – Australia RBA Governor Lowe Speaks at 06:10 (GMT+3);
- – UK BoE Financial Stability Report at 09:00 (GMT+3);
- – UK BoE Gov Bailey Speaks at 11:00 (GMT+3);
- – US Consumer Price Index (m/m) at 15:30 (GMT+3);
- – US FOMC Member Kashkari Speaks at 16:45 (GMT+3);
- – Canada BoC Interest Rate Decision at 17:00 (GMT+3);
- – Canada BoC Monetary Policy Report at 17:00 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
- – Canada BoC Press Conference at 18:00 (GMT+3);
- – US FOMC Member Mester Speaks at 23:00 (GMT+3).
- – China Trade Balance (m/m) at 06:00 (GMT+3);
- – UK GDP (m/m) at 09:00 (GMT+3);
- – UK Industrial Production (m/m) at 09:00 (GMT+3);
- – UK Manufacturing Production (m/m) at 09:00 (GMT+3);
- – UK Trade Balance (m/m) at 09:00 (GMT+3);
- – Eurozone Industrial Production (m/m) at 12:00 (GMT+3);
- – Eurozone Eurogroup Meetings at 13:00 (GMT+3);
- – Eurozone ECB Monetary Policy Meeting Accounts at 14:30 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US Producer Price Index (m/m) at 15:30 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
- – US FOMC Member Waller Speaks at 01:45 (GMT+3);
- – Japan Industrial Production (m/m) at 07:30 (GMT+3);
- – Switzerland Producer Price Index (m/m) at 09:30 (GMT+3);
- – Eurozone Trade Balance (m/m) at 12:00 (GMT+3);
- – US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3).
by 2023.07.10
, Open Account