Markets: What to look out for next week? – Deutsche Bank

Analysts at Deutsche Bank offers points out the key economic releases and events for the week which will have maximum impact on the markets.

Key Quotes

“Monday: In Europe today, the July Rightmove house price data in the UK followed by the release of the May trade balance for the Eurozone are due. In the US, the highlight is likely to be the June retail sales report, while the July empire manufacturing report and May business inventories data are also due. Away from that, Bank of America and Netflix are due to report their Q2 earnings while the IMF is due to release its World Economic Outlook. Politics is likely to be a big focus too with US President Trump holding talks with his Russian counterpart President Vladimir Putin and the China - EU summit starting in Beijing.”

“Tuesday: The main highlight on Tuesday is likely to be Fed Chair Powell delivering his semi-annual testimony to the Senate Panel in the afternoon. Datawise, May and June employment data in the UK will be a focus, while June EU27 new car registrations and the final June CPI release in Italy are also due in Europe. In the US, we've got June industrial and manufacturing production prints along with the July NAHB housing market index release all scheduled. Q2 earnings for Goldman Sachs and Johnson & Johnson are also due.”

“Wednesday: With nothing of note in Asia overnight on Wednesday, it's straight to Europe where we get June CPI, PPI and RPI data in the UK along with the May house price index print. This is followed by the release of the final June CPI report for the Euro area, along with May construction output data. In the US, June housing starts and building permits data is due before the Fed's Beige Book in the evening. Morgan Stanley, IBM and eBay will also be reporting their Q2 earnings. Fed Chair Powell will also appear before the House Financial Services Committee.”

“Thursday: It's a quiet day for data on Thursday. Overnight, we'll get the June trade balance reading in Japan. This is followed by the release of the June retail sales print in the UK, while in the US, the latest weekly initial jobless claims data is then followed by the release of the July Philadelphia Fed business outlook and June leading index prints. Away from that, Microsoft will be releasing its Q2 earnings. The Fed's Quarles is also due to speak in the afternoon.”

“Friday: Overnight on Friday, we'll get the June CPI print in Japan. In Europe, June PPI in Germany is followed by the May current account balance reading for the Eurozone and June public finances data in the UK. There is nothing of note in the US on Friday. Away from the data, the Fed's Bullard will speak on the U.S. economy and monetary policy at a Glasgow Chamber of Commerce breakfast in Glasgow, Kentucky in the afternoon. We'll also get Q2 earnings from General Electric on Friday.”