Analysts at Rabobank explained the key events for the week ahead.
Key Quotes:
“From West to East, this morning saw revised Japanese Q2 GDP come in stronger than expected at 3.0% annualised vs. 2.6% expected, with business spending up 3.1% – heady days for Japan, though the GDP deflator was still just 0.1% y-o-y, so no inflation, sadly. Speaking of inflation, we also saw Chinese PPI and CPI, which came in at 4.1% and 2.3% respectively, the latter 2 ticks higher than expected. The rest of the day has UK trade data and the Fed’s Bostic speaking.
Tuesday has Chinese lending data, UK unemployment, the German ZEW survey, and the US NFIB small business survey as well as wholesale inventories.
Wednesday sees Indian CPI and US PPI, and Bullard and Brainard speaking for the Fed, then the Fed’s Beige Book.
Thursday it’s Aussie jobs, then the Bank of England and the ECB meetings ahead of US CPI and more Fed speak.
Friday closes the week with Chinese retail sales, industrial production, and investment data, followed by US retail sales, and industrial production, then Michigan consumer confidence.
In short, summer is really over and it’s a very busy week for key data and central bank speech/action – and this is not including the fact that USD200-467bn of 25% tariffs on China could come slamming down at any moment.”
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