(Note: all times HKT)
Good morning everyone. With yesterday’s optimism turning into “temporary Grexit” fears, all eyes will remain on the Eurozone this week beginning with the EU leaders’ emergency summit tonight at 11 pm. China however will be releasing some important figures as well, including the nation’s GDP growth rate, retail sales, as well as their import and export data. Those should shift eyes away from Greece for awhile. Yellen’s two-day testimony should also be of note.
Here’s what else you should know:
Sunday:
11:00 pm – EU leaders’ summit
Monday:
8:00 am – China June Balance of Trade – Forecast: surplus grows by $9 billion
8:00 am – China June Imports and Exports – Forecast: a 2.6% gain in exports and a 2.3% rise in imports
9:00 pm – Eurogroup meeting
Tuesday:
8:00 am – Singapore Q2 GDP growth rate – Forecast: down 2.3% compared to Q1
4:30 pm – U.K. June YoY Inflation rate – Forecast: unchanged
8:30 pm – U.S. June retail sales – Forecast: down 0.9% MoM, up 0.2% YoY
Wednesday:
10:00 am – China Q2 GDP growth rate – Forecast: unchanged QoQ, down 0.1% YoY
10:00 am – China May industrial production – Forecast: down 0.1% YoY
10:00 am – China May retail sales – Forecast: down 0.1% YoY
10:00 am – Bank of Japan interest rate decision – Forecast: unchanged
4:30 pm – U.K. May unemployment – Forecast: unchanged
10:00 pm – Bank of Canada interest rate decision – Forecast: unchanged
10:00 pm – Federal Reserve Chair Janet Yellen Testimony
Thursday:
2:00 am – Fed beige book
7:45 pm – ECB interest rate decision – Forecast: unchanged
8:30 pm – ECB President Mario Draghi press conference
10:00 pm – Federal Reserve Chair Janet Yellen Testimony
Friday:
8:30 pm – U.S. June core inflation rate – Forecast: up 0.1% YoY
8:30 pm – U.S. June housing stars – Forecast: up 74,000
8:30 pm – U.S. June inflation rate – Forecast: up 0.1% YoY
Photo credit: JERRYANG via Flickr