(Note: all times HKT)
Hello everyone. While most are sure to follow Greece’s ongoing bailout talks, the upcoming Fed statement and U.S. GDP report are set to take a stranglehold on investors next week. Earnings season meanwhile continues to rage on, with Facebook, Twitter, and Northrup Grumman among those scheduled to announce results.
Here’s what else you need to know:
Monday
4:00 pm – Germany July IFO Business Climate – forecast: down 0.5 from 107.4 in June
8:30 pm – U.S. June Durable Goods – forecast: up 4.1% from -1.8% in May
Tuesday
4:30 pm – U.K. Q2 Preliminary QoQ Growth Rate – forecast: up 0.1% from 0.4%
4:30 pm – U.K. Q2 Preliminary YoY Growth Rate – forecast: down 0.4% from 2.9%
9:00 pm – U.S. May Case-Schiller Home Price Index YoY
9:45 pm – U.S. July Flash Services PMI – forecast: up 0.58 from 54.8 in June
10:00 pm – U.S. July CB Consumer confidence
Wednesday
7:50 am – Japan June YoY Retail Sales – forecast: down 2.4% from 3% in May
Thursday
2:00 am – Fed Statement – forecast: rates unchanged
7:50 am – Japan June Preliminary YoY Industrial Production – forecast: up 5% from -3.9% in May
7:50 am – Japan June Preliminary MoM Industrial Production – forecast: up 2.3% from -2.1% in May
3:55 pm – Germany July Unemployment Rate – forecast: unchanged at 6.4%
8:30 pm – U.S. Q2 GDP Growth Rate – forecast: up 2.6% from -0.2%
Friday
7:30 am – Japan June YoY Inflation Rate – forecast: down 0.1% from 0.5% in May
7:30 am – Japan June MoM Inflation Rate – forecast: down 0.1% from 0.3% in May
7:30 am – Japan June Unemployment Rate – forecast: unchanged at 3.3%
Saturday
9:00 am – China July NBS Manufacturing PMI – forecast: down 0.12 from 50.2 in June
9:00 am – China July Non-Manufacturing PMI – forecast: down 1.01 from 53.8 in June
Have a great weekend everyone.
Photo: Day Donaldson