Market Overview

Economic Calendar - 12 July 2010

Here's the Economic Calendar for the week commencing the 12th of July 2010. This week there's inflation figures due out from China, US, UK, EU, and New Zealand. China is also set to release its Q2 GDP figures this week, as well as fixed asset investment, retail sales, PPI, and industrial production. The EU, Japan, and US are also set to release their latest industrial production figures this week. There's also more confidence numbers from the US, Australia, Japan, and the Euro Zone.

(More commentary follows the table)


Day Time (GMT) Code Event/Release Forecast Previous

MON 1:30 AUD Home Loans (MAY) 0.0% -1.8%
MON 1:30 AUD Investment Lending (MAY) 1.3%
MON 8:30 GBP Gross Domestic Product (QoQ) (1Q F) 0.3% 0.4%
MON 8:30 GBP Gross Domestic Product (YoY) (1Q F) -0.2% -3.1%
MON 14:30 CAD Business Outlook Future Sales (2Q) 44
TUE 1:30 AUD NAB Business Confidence (JUN) 5
TUE 4:30 JPY Industrial Production (YoY) (MAY F) 20.2%
TUE 5:00 JPY Consumer Confidence (JUN) 42.7
TUE 7:15 CHF Producer & Import Prices (YoY) (JUN) 1.4%
TUE 8:30 GBP Consumer Price Index (YoY) (JUN) 3.1% 3.4%
TUE 8:30 GBP Core Consumer Price Index (YoY) (JUN) 2.8% 2.9%
TUE 9:00 EUR German ZEW Survey (Economic Sentiment) (JUL) 25.3 28.7
TUE 9:00 EUR Euro-Zone ZEW Survey (Economic Sentiment) (JUL) 16.3 18.8
TUE 12:30 CAD International Merchandise Trade (Canadian dollar) (MAY) 0.2B
TUE 12:30 USD Trade Balance (MAY) -$39.0B -$40.3B
TUE 22:00 NZD REINZ House Sales (YoY) (JUN) -17.2%
TUE 22:00 NZD REINZ Housing Price Index (MoM) (JUN) -1.4%
TUE 22:45 NZD Retail Sales Ex-Auto (MoM) (MAY) 0.6% -0.2%
TUE 23:01 GBP Nationwide Consumer Confidence (JUN) 62 65
WED 0:30 AUD Westpac Consumer Confidence Index (JUL) 101.9
WED 8:30 GBP Jobless Claims Change (JUN) -20.0K -30.9K
WED 9:00 EUR Euro-Zone Consumer Price Index (YoY) (JUN F) 1.4% 1.4%
WED 9:00 EUR Euro-Zone Consumer Price Index - Core (YoY) (JUN) 0.9% 0.8%
WED 9:00 EUR Euro-Zone Industrial Production s.a. (MoM) (MAY) 1.2% 0.8%
WED 12:30 USD Advance Retail Sales (JUN) -0.2% -1.2%
WED 12:30 USD Retail Sales Less Autos (JUN) -0.1% -1.1%
WED 18:00 USD Federal Open Market Committee Meeting Minutes
WED 22:00 CNY Consumer Price Index 3.3% 3.1%
WED 22:00 CNY Gross Domestic Product 10.5% 11.9%
WED 22:00 CNY Industrial Production 15.2% 16.5%
WED 22:00 CNY Retail Sales y/y 18.8% 18.7%
WED 22:30 NZD Business NZ Performance of Manufacturing Index (JUN) 54.5
THU JPY Bank of Japan Interest Rate Decision 0.10% 0.10%
THU 8:00 EUR European Central Bank Monthly Report
THU 12:30 USD Producer Price Index (YoY) (JUN) 3.1% 5.3%
THU 12:30 USD Producer Price Index Ex Food & Energy (YoY) (JUN) 1.1% 1.3%
THU 13:15 USD Industrial Production (JUN) 0.0% 1.2%
THU 14:00 USD Senate Banking Committee Holds Hearing on Fed Nominations
THU 22:45 NZD Consumer Prices Index (YoY) (2Q) 2.0%
FRI 9:00 EUR Euro-Zone Trade Balance s.a. (euros) (MAY) 0.8B 1.4B
FRI 12:30 CAD Leading Indicators (MoM) (JUN) 0.9%
FRI 12:30 USD Consumer Price Index (YoY) (JUN) 1.2% 2.0%
FRI 12:30 USD Consumer Price Index Ex Food & Energy (YoY) (JUN) 0.9% 0.9%
FRI 13:55 USD U. of Michigan Confidence (JUL P) 74 76

A major feature this week will be the monthly China data release (trade figures are already out), but this time there will also be the quarterlies, including an update on the GDP situation in China. Growth is projected to slow slightly, and inflation is projected to accelerate, while industrial projection is likely to show a decrease, and consumer spending will probably be close to unchanged. Given the concerns about a potential slowdown in the Chinese economy, this will be a closely watched release.

On the inflation front, the UK will start off the June CPI reporting, with expectations for a slight decrease in the inflation rate; next is Europe, expected to show little change in the year on year change. As noted China is expected to show a slight increase, New Zealand will also likely see an increase, but the US on the other hand will likely see a further drop-off in the inflation rate - in line with indications from the PMI figures for June.

Another feature of the week will be the updates to industrial production; first up is the final reading for May from Japan, then there's the May reading for the Euro-Zone; expected to be up slightly on a year over year basis, and the US is expected to report a slight slowdown, as is China; which is consistent with the PMI readings from both countries.

In the monetary policy sphere there's the Bank of Japan interest rate decision, US FOMC minutes, and the Senate banking committee will be holding a hearing on Fed nominations. 

Also as noted, there will be further confidence updates, with Japan reporting consumer confidence, Australia reporting business and consumer confidence, the EU reporting economic sentiment, and the US with the University of Michigan Confidence indicator.

So as always, have a great week, watch out for surprises, and stay tuned for updates... 

Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification


Article Source: http://www.econgrapher.com/12jul-calendar.html

Posted-In: Forex Global Economics Pre-Market Outlook

 

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