In the week ahead, investors will be looking ahead to key U.S. data for further indications on the strength of the economy and the possible future path of monetary policy. The U.S. will produce data on second quarter gross domestic product, as well as reports on new home sales, durable goods orders and initial jobless claims.
Monday, August 25
In the euro zone, Germany is to publish the Ifo report on business climate for August. Markets in the U.K. are to remain closed in observance of the Summer Bank Holiday. The U.S. is to produce data on new home sales for the month of July.
Tuesday, August 26
New Zealand is to release a report on its trade balance. The U.S. is to publish reports on July durable goods orders, as well as house price inflation and consumer confidence.
Wednesday, August 27
Australia is to produce a report on completed construction work during the second quarter. Germany is to publish the Gfk report on consumer climate for September.
Thursday, August 28
Australia is to publish quarterly data on private capital expenditure. In the euro zone, Germany is to release preliminary data on consumer price inflation as well as a report on unemployment for August. Meanwhile, Switzerland is to release data on the employment level. Later Thursday, the U.S. is to release revised data on second quarter GDP, as well as the weekly government report on initial jobless claims and data on pending home sales for July.
Friday, August 29
New Zealand is to produce data on building consents. The Pacific nation is also slated to release private sector data on business confidence. Japan is to release data on consumer inflation, as well as reports on industrial production, household spending and retail sales. The euro zone is to release preliminary data on consumer inflation and unemployment, while Germany is to publish data on retail sales. The U.K. is to produce private sector data on house price inflation as well as a report on business investment. Switzerland is to publish its KOF economic barometer. Later Friday, Canada is to publish its monthly report on gross domestic product for June. The U.S. is to round up the week with a report on personal income and expenditure and revised data from the University of Michigan on consumer sentiment.