The Week Ahead – All the Things You Need to Know

1. On Monday at 12:30 GMT, US PCE Index will be published. The price index for consumer spending in June 2016 is expected to rise by 0.1% MoM.
2. On Monday at 23:30 GMT, Japan unemployment rate is expected to remain unchanged at 3.1%.
3. On Tuesday at 09:00 GMT, the Eurozone Business confidence will be released. The forecast is for a decrease to 0.25 from 0.39.
4. Germany Inflation rate will also be published on Tuesday at 12:00 GMT. The YoY figure is forecast to hold steady at 0.4%. MoM German inflation rate is expected to fall to 0.2%, a decrease from 0.3% released last month.
5. On Wednesday at 7:55 GMT Germany unemployment rate for August is expected to remain at 6.1%. The unemployment change for August is forecast to fall by 3000 compared to a higher drop of 7000 in July.
6. Eurozone Unemployment rate will be released on Wednesday at 9:00 GMT. Forecasts for the EU unemployment rate to hold at 10.0%, a minor decrease from last month – 10.1%.
7. US ADP Unemployment change will be an important indicator of US economic strength. The data will be released on Wednesday at 12:15 GMT and can shed lights on the US nonfarm payrolls data that will be released later on Friday. The US economy will be in the spotlight after Janet Yellen speech last Friday. The takeaway from the speech and the market action indicates that the Fed wants to raise interest rates, but strong data will support the Fed’s policy plans.
8. Canadian GDP – On Wednesday at 12:30 GMT, the Canadian economy for the second quarter is expected to shrink by -0.9% from an increase of 0.6% in the previous quarter. The annualized rate for Q2 is also expected to shrink by -1.00% compares to 2.4% last year.
9. On Thursday at 1:00 GMT China manufacturing & non-manufacturing PMI will be published. The figure for manufacturing PMI forecast to a slight drop of 49.5 compared to 49.9. Non-manufacturing PMI is also expected to drop to 52.7 compared to 53.9. On the same day, the figure for China Caixin manufacturing PMI will be published at 1:45 GMT and is expected to decline compared to 50.6.
10. US ISM Manufacturing PMI – The data will come out at 2:00 GMT and expected to rise to 53.2 from 52.6 previously.
11. On Friday at 05:00 GMT, Japan Consumer Confidence is expected to rise to 41.44 from 41.3.
12. Nonfarm Payrolls & Unemployment data – US labor is forecast to increase by 190K compared to the high data that was released last month – 255,000. Additionally, unemployment change forecast to remain the same as the previous month at 4.9%. US balance of trade is expected to narrow to 43 billion compared to 44.51 billion.

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