Week Ahead

Next week the US will be publishing the advance estimate of second-quarter GDP growth, existing and new home sales, durable goods orders and flash Markit PMIs. Elsewhere, the ECB will be deciding on monetary policy. Other important releases include: UK CBI factory orders; Eurozone flash Markit PMIs and consumer confidence; France and South Korea Q2 GDP growth rates; Japan Nikkei Manufacturing PMI; Australia inflation; and interest rate decisions from Turkey and Russia.

In the US the most important releases are the advance estimate of second-quarter GDP growth; existing and new home sales; durable goods orders; flash Markit PMIs; Chicago Fed National Activity Index; Richmond Fed Manufacturing Index; Kansas Fed Manufacturing Index; FHFA house prices; advance estimates of goods trade balance and wholesale inventories; and the final reading of July's Michigan consumer sentiment.

The UK will publish CBI factory orders and business optimism index for the third quarter, alongside UK Finance mortgage approvals. Elsewhere in Europe, investors will turn their attention to the ECB policy meeting, at which policymakers are expected to unveil further clues on the central bank’s ambiguous timeline of rate hikes. Flash Markit PMIs for the Eurozone, Germany and France will also be in the spotlight, as well as business and consumer surveys for Germany, France and Italy. Other key highlights are: Eurozone flash consumer sentiment; France preliminary reading of Q2 GDP growth; Spain second-quarter unemployment rate; and Turkey interest rate decision.

In Japan, analysts are eyeing the publication of flash Nikkei Manufacturing PMI; while in Australia markets will focus on inflation for the second quarter.

Other important figures include: South Korea Q2 GDP growth; Russia interest rate decision; and Mexico unemployment e trade balance.

Week Ahead

Joana Ferreira | joana.ferreira@tradingeconomics.com
7/20/2018 4:12:35 PM