Monday: Industrial Production data will be released in Japan. In Spain, May’s Retail Sales data will be released, in addition to preliminary estimates on June’s Consumer Price Index. In the U.K., May Mortgage Approvals data will see light, with analysts seeing a slight increase to 68.8K, from 68.1K in April. The final estimate for the Eurozone’s Consumer Confidence Index will also see light, followed by preliminary data on Germany’s Consumer Price Index.
Tuesday: The financial assistance agreement with Greece is set to expire, making this the most interesting day to watch in the markets in a while! June Unemployment data will see light in Germany, still hovering at 6.4%. In the U.K., the final estimate for the first quarter’s Gross Domestic Product will see light, where analyst expect a slight increase from its steady 2.4% year over year. The Eurozone aggregate May Unemployment rate will see light, followed by June’s Consumer Price Index estimate. In the U.S., the Chicago Purchasing Managers’ Index will see light, followed by June’s Consumer Confidence Index.
Wednesday: In Japan, Tankan Business Conditions indices will be posted. June’s Manufacturing Purchasing Managers’ Index will see light in China, where the analyst consensus currently expects a 0.2 increase, to 50.4, further pushing it away from the pivotal 50 point mark. The final estimate for June Markit PMI will also see light in Japan, as will the HSBC China Manufacturing PMI, still at 49.6 points. In addition to final estimates of June Markit PMIs seeing light throughout the Eurozone and the U.S., the weekly MBA Mortgage Applications is also scheduled to see light. Likewise, the U.S. will also host May’s Construction Spending and June’s ISM Manufacturing PMI.
Thursday: June Nationwide House Prices to be released. Analysts expect the annual increase in dwelling prices to decline to 4.5%. The weekly Nonfarm print is due to see light in the U.S., with a rather moderate analyst consensus of 230K, certainly compared with the previous 280K print. U.S. June Unemployment will also see light, as well as the weekly Initial Jobless Claims and May’s Factory Orders.
Friday: Markets in the U.S. will be closed for Labor Day. HSBC\Markit Services PMIs will see light globally.
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