Welcome to the Investors Trading Academy economic
calendar of the week. Each week our news analysts review the upcoming economic events that you
should be monitoring during the week. The main focus this week will be on Chinese data
along with hopes for additional stimulus from the Peoples Bank of China. As oil prices drop
to record lows and global production continues to increase Tuesday and Wednesday’s report
will become crucial. This coming week will be a bit anti climatic
after the Bank of England “Super Thursday” and the US nonfarm payroll report. Both turned
into nonevents. Also last week we saw the wind down of earning season. Earnings are
relatively thin on the ground, although there is a steady stream of first-half reports from
UK firms. US earnings season has, by and large, failed to inspire, and with indices looking
unsteady as this week draws to a close it seems that we will be witnessing more debate
over the path of monetary policy as the key focus for the rest of the quiet August season.
Over the weekend China will spark the markets a bit after a disappointing trade report with
exports tumbling. Traders are figuring that the PBOC will step in to add stimulus. Chinese
inflation data is released on Sunday while key monthly activity data is issued on Wednesday.
Also over the week, money and lending figures will be released in China.
Tuesday will spark some interest in crude oil with OPECs Monthly oil market report,
which will include production figures from Saudi Arabia and Iran. Later in the day the
U.S. Energy Information Administration publishes its Short-Term Energy Outlook with forecasts
for oil, natural gas, power prices and supply. There is also a smattering of economics data
including German ZEW figures. Wednesday will start off with Chinese industrial
production followed by UK unemployment data. The unemployment rate expected to hold at
5.6%, while the claimant count rises by 2500 in July, as average earnings rise 2.8% in
June, in line with last month. Thursday will be quiet until the US session
with weekly jobless claims and US retail sales which could spark some market volatility.
Moving to the end of the week traders will get a look at individual and overall Eurozone
GDP data. This will be followed by Eurozone inflation data. Price growth is forecast to
be 0.2% YoY, with core prices up 1% YoY. GDP is expected to grow 0.4% QoQ and 1.3% YoY.
In the US session University of Michigan consumer confidence data is expected to close out the
week. The first read for August is expected at 91.88 down from July’s final reading