Markets: What to expect this week? – Deutsche Bank

Analysts at Deutsche Bank point out that we are going to start the week with release of the June construction output for the euro area and there are no data releases of note in the US.

Key Quotes

“Away from data, the Fed's Bostic will speak on the U.S. economic outlook in Tennessee.”

“Tuesday: Overnight we get July supermarket sales and Nationwide department store sales in Japan along with final July machine tool orders. The only release of note in Europe is the July public finances data in the UK. There is nothing of note in the US.”

“Wednesday: Overnight we get the June all industry activity index in Japan. There is nothing of note in Europe. In the US, we get July existing home sales data for the US along with minutes from the latest FOMC monetary policy meeting. Away from data, Lowe's and Target will report their earnings.”

“Thursday: It is the most data heavy day of the week with the big focus being the release of the flash August PMIs across the globe. Overnight we'll get the manufacturing PMI for Japan followed by the manufacturing, services and composite PMIs for France, Germany and the Eurozone. The US PMIs will then be out in the afternoon. Away from PMIs, in Europe, we will get the latest ECB monetary policy minutes, August business and manufacturing confidence and, production outlook for France along with the survey of industrial investment for France and advance August consumer confidence for the euro area. In the US, we get the June FHFA house price index, 2Q house price purchase index, July new home sales and August Kansas City Fed manufacturing activity index. Away from data, Intuit, HP and Alibaba will reports their earnings.”

“Friday: Overnight we get July CPI and services PPI for Japan. In Europe, we get final 2Q GDP data for Germany, July PPI for Spain and July finance loans for housing in the UK. In the US, we get preliminary July durable goods orders and capital goods orders data. Away from data, the Fed will be hosting its annual Jackson Hole central banking symposium where Fed Chair Powell is set to discuss the economy and monetary policy.”