This week, the economic calendar seems quitter, though, there is some significant indicators coming out and the spotlight events of the week are the RBNZ interest rate decision and the release of the U.S. consumer price index.
Monday is generally quiet with some economic data from various countries. U.K. will release its Halifax house prices index for the three months to July while Eurozone’s sentix investor confidence will be released as well. From the U.S., in the afternoon, the Labor market conditions for July will be published as well as the consumer credit change for June. At 17:25 the FOMC Member Neek Kashkari will give a speech.
On Tuesday, the German trade balance report seasonally adjusted for June is coming out. The imports and exports are scheduled for publishing early in the morning and both of them are forecasted to slow down. Later on, in the U.K., the NIESR GDP estimate for the three months to July is also scheduled for release. Moreover, in the U.S., JOLTS job openings will come out as well as the NFIB business optimism index for July and the IBD/TIPP economic optimism for August. During the night, Australian Westpac consumer confidence for the month of August will be released.
Going to Wednesday, the only notable macro update of the day is the RBNZ interest rate decision at 21:00 GMT which is followed by monetary policy statement and press conference. No changes are expected to the 1.75% interest rates. In the U.S., the wholesale inventories for June will be released.
Read the full financial markets weekly outlook on JFD Research.