• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

The week of the 24th through the 28th will be eventful. Attached below is a snapshot of some (though far from all) of the headline numbers that we will be focused on. Germany and Japan, two economies that we follow closely, will have a particularly heavy calendar of releases next week.  

Saturday/Sunday/Monday August 24

 

US: The Jackson Hole Fed event concludes over the weekend with Bank of Canada Governor Carney presenting on Saturday.  

Europe: The Eurostat Eurozone Industrial Orders figures for June will be released on Monday morning.

Asia: Thailand releases Q2 GDP on Sunday evening. Singapore CPI data for July will be released on Monday morning, as will Taiwanese Export Orders and Industrial output figures for July. With all eyes on potential declines in new credit facilities in China, any indication of weakening demand from the mainland in these rear view Taiwanese order figures will be scrutinized intensely.  

 

Tuesday August 25

US: Case-Shiller data for June and Q2 will be released at 9 AM on Monday. Weekly ICSC, Redbook and ABC Consumer Comfort index data will also be released that day. The treasury will hold a 2 year note auction at 1PM.

Europe: Germany releases a slew of critical Q2 data points on the 25th, including 2nd release GDP figures, Trade data, Private Consumption, Construction Investment and Government Spending. In the UK, BBA Mortgage data for July will be released on Monday morning.

Asia: Monday will be full of critical data points for Asia with both Hong Kong and Japan releasing Trade data for July (HK in the morning, Japan in the evening) as well as Taiwanese M2.

Wednesday August 26

US:  July Durable Orders and Shipments data, as well as July New Home Sales, will be released by the Census Bureau on Wednesday morning. Weekly MBA Mortgage application data will be released on Wednesday morning, as will EIA oil gas and distillate stock levels. At 1 PM the Treasury will auction 5 year notes.

Europe: German Import price Index figures for July and IFO business sentiment indices for August are due on the 26th.   

Asia:  Singapore releases Manufacturing Production figures for July on Wednesday morning while Australian Private New Capital figures for Q2 will be announced in the evening. Two Asian economies that we follow but do not report on –Malaysia and Philippines, will be announcing Q2 GDP on the 26th as well.

Thursday August 27

US:  Q2 second report GDP and Corporate Profits will be published at 8:30 AM, while weekly Initial Claims, EIA Natural Gas Stock and Fed M2 figures will be also be released through the day at their normal times. At 1 PM, the Treasury will auction 7 year notes.

Europe: German GFK Consumer Confidence and CPI for August will be released on Thursday morning. Italian and UK Consumer Confidence measures for August will also be released that morning, as will UK Business Investment for Q2 and final Spanish Q2 GDP.

Asia:  Japan has several major data points releases on the schedule for Thursday including August CPI, July unemployment personal Income and PCE and August PMI.  With the general election only 3 days away, these employment earnings and inflation data will be topics of intense interest. Weekly Indian Wholesale Price Index data will also be reported on Thursday. 

 

Friday August 28

US: July PCE and personal Income data will be released at 8:30 AM on Friday, while final Michigan Sentiment figures for August will be published at 9:55.  

Europe:   EC Eurozone Confidence measures for August (Consumer, Industrial, Economic, Retail and Construction) will be released on Friday morning as will Italian PPI for July and Spanish CPI for August. The UK will have a busy day for Q2 economic data points with second release GDP, Private Consumption, Fixed Capital Formation, Government Spending and Foreign Trade data on the schedule.

Asia: Japanese housing Starts and Construction orders for July are scheduled for release on Friday morning.

Andrew Barber

Director