We have organized the key economic indicators and policy announcements scheduled for next week that may influence the markets, by region. Important events in North America, Europe, Asia and emerging markets are presented in chronological order.
Key events in North America include US July existing home sales on 11 August, US July consumer price index (CPI) on 12 August, US July producer price index (PPI) and initial jobless claims on 13 August, and US July retail sales and the preliminary August University of Michigan Consumer Sentiment Index on 14 August. These events are attracting attention because indicators that could influence market expectations for interest-rate hikes are concentrated during the week.
In Europe, the UK preliminary GDP estimate for the April–June quarter, UK June industrial production and eurozone June industrial production are scheduled for 13 August. The revised eurozone GDP estimate for the April–June quarter and Poland’s preliminary GDP estimate for the April–June quarter are due on 14 August. The focus is expected to be on developments at the Bank of England (BOE) and the growth outlook for the European economy.
In Asia and Oceania, Japan’s June current account, June trade balance and the Summary of Opinions from the Bank of Japan’s Monetary Policy Meeting are important events on 10 August. In Australia, the Reserve Bank of Australia (RBA) policy rate is scheduled for 11 August, followed by Australia’s wage price index for the April–June quarter on 12 August. These indicators may provide clues about monetary policy in the region.
In emerging markets, Turkey’s June industrial production, South Africa’s June unemployment rate and Mexico’s June industrial production are scheduled for 11 August, followed by Turkey’s June current account on 13 August. These events may provide insight into the Bank of Mexico’s interest-rate decision and economic trends.