In the week ahead, investors will be looking ahead to revised data on U.S. second quarter growth, as well as reports on the housing sector and consumer confidence. Markets will also be focusing on a speech by Bank of England Governor Mark Carney on Wednesday, as well as reports on German business climate and German consumer climate.
Monday, August 26
New Zealand is to release data on the trade balance, the difference in value between imports and exports. Markets in the U.K. are to remain closed for a national holiday. The U.S. is to publish official data on durable goods orders, a leading indicator of production.
Tuesday, August 27
The Ifo institute is to release a report on German business climate, a leading indicator of economic health. The U.S. is to publish private sector data on house price inflation as well as a closely watched report on consumer confidence.
Wednesday, August 28
Australia is to publish data on completed construction work, an important indicator of activity in the sector. Germany is to release the Gfk report on consumer climate, a leading indicator of consumer spending. The U.K. is to release a private sector report on retail sales, an important economic indicator. BoE Governor Mark Carney is to speak; his comments will be closely watched for indications on the future direction of monetary policy. The U.S. is to release private sector data on pending home sales.
Thursday, August 29
Japan is to publish data on retail sales, while New Zealand is to publish a private sector report on business confidence. Australia is to publish a report on private capital expenditure, a leading economic indicator. Germany is to release data on the change in the number of people unemployed, as well as preliminary data on consumer price inflation. Elsewhere in the euro zone, Italy is to hold an auction of government bonds. Switzerland is to produce data on the employment level. Canada is to publish data on the current account and raw materials price inflation. The U.S. is to publish revised data on second quarter gross domestic product, the broadest indicator of economic activity, as well as the weekly report on initial jobless claims.
Friday, August 30
Japan is to release a series of economic data, including reports on household spending, inflation and industrial production. New Zealand is to release data on building consents, a leading indicator of future construction activity, while Australia is to publish a report on private sector credit. Switzerland is to publish its KOF economic barometer, an important indicator of economic health. The U.K. is to release reports on net lending to individuals and mortgage approvals. The euro zone is to publish preliminary data on consumer price inflation, in addition to data on the unemployment rate. Canada is to publish its monthly report on GDP. The U.S. is to round up the week with a report on manufacturing activity in Chicago and revised data from the University of Michigan on consumer sentiment, as well as reports on personal income and personal spending.