A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
Monday July 13
China’s trade balance, aggregate yuan financing and new yuan loans
(2 p.m. ET) U.S. budget balance for June.
Earnings include: Fastenal Co.; PrairieSky Royalty Ltd.
Tuesday July 14
Japan’s industrial production
(6 a.m. ET) U.S. NFIB Small Business Economic Trends Survey for June.
(8:15 a.m. ET) U.S. ADP Employment (4-week average change) for week of June 27.
(8:30 a.m. ET) U.S. CPI for June. The Street is expecting a month-over-month decline of 0.1 per cent and a rise of 3.9 per cent year-over-year.
(10 a.m. ET) U.S. Fed’s Monetary Policy Report to the House Financial Services Committee.
Earnings include: Bank of America; Citigroup Inc.; Goldman Sachs Group Inc.; JP Morgan Chase & Co.; Wells Fargo & Co.
Wednesday July 15
China’s real GDP, retail sales, industrial production and fixed asset investment
Japan’s core machine orders
Euro zone’s industrial production
(5 a.m. ET) Canada’s existing home sales and average prices for June. Estimates are month-over-month declines of 1.0 per cent and 0.1 per cent year-over-year, respectively.
(5 a.m. ET) Canada’s MLS Home Price Index for June. Estimate is a year-over-year decline of 3.5 per cent.
(8:30 a.m. ET) Canada’s manufacturing sales and new orders. Estimates are month-over-month rises of 1.1 per cent and 0.5 per cent, respectively.
(8:30 a.m. ET) Canada’s wholesale trade for May. Estimate is a month-over-month slide of 0.7 per cent.
(8:30 a.m. ET) Canada’s new motor vehicle sales for May. Estimate is a year-over-year drop of 3.0 per cent.
(8:30 a.m. ET) U.S. PPI Final Demand for June. The Street is projecting a month-over-month decline of 0.1 per cent but a 6.1-per-cent year-over-year increase.
(9:45 a.m. ET) Bank of Canada’s policy announcement and Monetary Policy report (with press conference to follow).
(10 a.m. ET) U.S. Fed’s Monetary Policy Report to the Senate Banking Committee.
Earnings include: ASML Holding; Bank of New York Mellon Corp.; BlackRock Inc.; Cintas Corp.; Cogeco Inc.; Cogeco Communications Inc.; Johnson & Johnson; Morgan Stanley; PNC Financial Services Group Inc.
Thursday July 16
Euro zone’s trade surplus
(8:15 a.m. ET) Canadian housing starts for June. Estimate is an annualized rate decline of 0.5 per cent.
(8:30 a.m. ET) U.S. initial jobless claims for week of July 11. Estimate is 222,000, up 7,000 from the previous week.
(8:30 a.m. ET) U.S. retail sales for June. The Street is projecting a month-over-month rise of 0.3 per cent.
(10 a.m. ET) U.S. NAHB Housing Index for July.
(10 a.m. ET) U.S. business inventories for May.
(10 a.m. ET) U.S. pending home sales for June.
Earnings include: Abbott Laboratories; GE Aerospace; Netflix Inc.; Seagate Technology PLC; Taiwan Semiconductor Manufacturing; UnitedHealth Group Inc.
Friday July 17
Euro zone CPI
(8:30 a.m. ET) Canada’s international securities transactions for May.
(8:30 a.m. ET) U.S. housing starts for June. Consensus is an annualized rate jump of 13.0 per cent.
(8:30 a.m. ET) U.S. building permits for June. The Street expects a decline of 0.7 per cent on an annualized rate basis.
(8:30 a.m. ET) U.S. import prices for June. Consensus is a decline of 0.6 per cent from May but a rise of 6.2 per cent year-over-year.
(9:15 a.m. ET) U.S. industrial production and capacity utilization for June.
(10 a.m. ET) U.S. University of Michigan Consumer Sentiment for July.
Earnings include: Travelers Companies Inc.