In the week ahead, investors will be focusing on Wednesdays’ minutes of the Federal Reserve’s June meeting, with few other major U.S. economic reports on the calendar. Meanwhile, Australia and Canada are to publish their latest jobs reports and the Bank of England is to hold its monthly rate setting meeting.
Monday, July 7
The Swiss National Bank is to publish data on its foreign currency reserves. This data is closely scrutinized for indications of the size of the bank’s operations in currency markets. Canada is to publish data on building starts and the Ivey PMI.
Tuesday, July 8
Both Australia and New Zealand are to publish private sector data on business confidence, while Japan is to release a report on the current account. In the euro zone, Germany is to publish data on the trade balance, the difference in value between imports and exports. Switzerland is to produce reports on consumer price inflation and retail sales. Elsewhere in Europe, the U.K. is to release data on manufacturing and industrial production.
Wednesday, July 9
Australia is to produce a report on consumer sentiment. China is to release official data on consumer and producer price inflation. Canada is to publish data on housing starts. Later Wednesday, the Federal Reserve is to publish the minutes of its June meeting.
Thursday, July 10
New Zealand is to release private sector data on manufacturing activity. Japan is to publish core machinery orders and tertiary industry activity. Australia is to release data on the change in the number of people employed and the unemployment rate, and a private sector report on inflation expectations. In the euro zone, France is to publish a report on industrial production, while the ECB is to publish its monthly bulletin. The U.K. is to release data on the trade balance, while the Bank of England is also to announce its benchmark interest rate, following its monthly rate review. Later Thursday, the U.S. is to release the weekly government report on initial jobless claims.
Friday, July 11
Australia is to publish data on home loans. Canada is to round up the week with data on the change in the number of people employed and the unemployment rate.