In the week ahead, investors will be awaiting Tuesday’s data on euro zone private sector activity, amid concerns that the recovery in the region is losing momentum. Preliminary data on manufacturing activity in China will also be closely watched. The week will also bring a fresh look at the U.S. housing sector, with reports on both new and existing home sales, as well as Thursday’s data on durable goods orders and initial jobless claims.
Monday, September 22
New Zealand is to release private sector data on consumer sentiment. European Central Bank President Mario Draghi is to appear before the European Parliament’s Economic and Monetary Committee, in Brussels. The U.S. is to release private sector data on existing home sales.
Tuesday, September 23
Markets in Japan are to remain closed for a national holiday. China is to release the preliminary reading of its HSBC manufacturing index. The euro zone is to publish preliminary data on private sector activity, while Germany and France are to also to publish data on private sector growth. The U.K. is to release private sector data on mortgage approvals, as well as a report on public sector borrowing. Canada is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity.
Wednesday, September 24
New Zealand is to release data on the trade balance, the difference in value between imports and exports. The Reserve Bank of Australia is to publish its financial stability review. The Ifo Institute is to release its report on German business climate. The U.S. is to publish data on new home sales.
Thursday, September 25
RBA Governor Glenn Stevens is to speak at an event in Melbourne; his comments will be closely watched. The ECB is to publish data on M3 money supply and private loans. The U.S. is to release reports on durable goods orders and initial jobless claims.
Friday, September 26
Japan is to release data on consumer price inflation, which accounts for the majority of overall inflation. The Gfk think tank is to release a report on German consumer climate. The U.S. is to release revised data on gross domestic product, the broadest indicator of economic activity and the leading measure of the economy’s health. The U.S. is also to release revised data on consumer sentiment.