31 Jul


Earnings, Covid and US/China tensions likely to dominate.
Data releases this week will be dominated by the FOMC meeting together with Q2 GDP numbers and the next potential stimulus package out of the US.
China’s Industrial Profits out this morning was better than F/cast; Friday we get PMI’s.
Earnings include Facebook on Wednesday and Alphabet and Amazon on Thursday. Pharmaceuticals Merck, Pfizer and Eli Lilly are expected to report, and consumer products names Starbucks, McDonald’s and Procter & Gamble also release results. Big oil, Exxon Mobil and Chevron report Friday.

Monday 27 July
JAPAN BoJ Summary of Options, Capital Spending, All Industry Activity Index, Coincident Index, Leading Economic Index
S KOREA No data due
TAIWAN No data due
CHINA Industrial Profits
HONG KONG Balance fo Trade, Exports, Imports
EUROZONE Loans to Households and Companies, M3 Money Supply
GERMANY Ifo Business Climate, Current Conditions and Expectations
FRANCE Unemployment Benefit claims and Jobseekers Total
UK No data due
USA Durable Goods (Orders, Ex Transport, Ex Defence), Dallas Fed Manufacturing Index
Earnings Albertson’s, F5 Networks, Hasbro, NXP Semiconductor, LVMH, Avery Dennison, Legg Mason, Ryanair, SAP, TrueBlue, National Oilwell Varco

Tuesday 28 July
JAPAN No data due
S KOREA No data due
TAIWAN No data due
CHINA No data due
HONG KONG No data due
EUROZONE No data due
GERMANY No data due
FRANCE No data due
UK CBI Distributive Trades
USA Redbook, Case-Swiller Home Prices, Consumer Confidence, Richmond Fed Manufacturing Index, API Crude Oil Stock Change.
Earnings Amgen, Visa, 3M, Pfizer, McDonald’s, Starbucks, Mondelez, Chubb, Aflac, DR Horton, Raytheon, Invesco, MSCI, Rockwell Automation, Altria, Laboratory Corp, Martin Marietta, Roper Tech, Harley-Davidson, Canon, Nissan, Centene, Polaris, Sherwin-Williams, Corning, Boyd Gaming, Akamai, Lattice Semiconductor, Advanced Micro Devices, Visa, Juniper Networks

Wednesday 29 July
JAPAN No data due
S KOREA Consumer Confidence
TAIWAN Consumer Confidence
CHINA No data due
EUROZONE No data due
GERMANY Import Prices
FRANCE Consumer Confidence
UK Mortgage Lending, Mortgage Approvals, BoE Consumer Credit, Net Lending to Individuals,
USA MBA Mortgage Applications & 30 year Mortgage Rate, Wholesale Inventories, Goods Trade Balance, Pending Home Sales, EIA Oil Report, FOMC Interest Rate Decision and Press Conference.
Earnings Facebook, General Electric, Boston Scientific, Anthem, Sanofi, Barclays. General Dynamics GlaxoSmithkline, Boeing, General Motors, Norfolk Southern, Qualcomm, Yum China, PayPal, Cheesecake Factory, Spotify, Owens Corning, Barclays, Deutsche Bank

Thursday 30 July
JAPAN Retail Sales, Foreign Bond and Stock Investments
S KOREA Business Confidence
TAIWAN No data due
CHINA No data due
HONG KONG Retail Sales
EUROZONE Economic Bulletin, Unemployment Rate, Consumer Confidence, Sentiment (Economic, Industrial, Services) and Consumer Inflation Expectations
GERMANY Unemployment Rate, GDP Growth Rate, Inflation Rate
UK Nationwide Housing Prices, Car Production
USA GDP Growth Rate, GDP Price Index, Initial Claims, Jobless Claims 4 week average, PCE Prices, Core PCE Prices, EIA Natural Gas Report,
Earnings Apple, Amazon, Alphabet, Procter and Gamble, Comcast, Ford, Shake Shack, Dunkin Brands, Cigna, Dupont, Eli Lily, Northrop Grumman, Textron, Valero, ConocoPhillips, Comcast, Kellogg, AstraZeneca, Kraft Heinz, Southern Co., Stryker, Generac, Stanley Black and Decker, Marsh and McLennan, Electronic Arts

Friday 31 July
JAPAN Unemployment Rate, Jobs/Applications ratio, Industrial Production, Consumer Confidence, Housing Starts, Construction Orders
S KOREA industrial Production, Retail Sales, Manufacturing Production, Industrial Production, Construction Output
TAIWAN GDP Growth Rate
CHINA Manufacturing and Non Manufacturing PMI
HONG KONG No data due
EUROZONE GDP Growth Rate, Inflation Rate,
GERMANY Retail Sales
FRANCE GDP Growth Rate, Inflation Rate, Household Consumption,
UK No data due
USA Personal Spending & Income, PCE Price Index, Employment Cost Index, (Benefits and Wages), Core PCE Price Index, Chicago PMI, Michigan Data (Inflation Expectations, Consumer Expectations, 5yr Inflation Expectations, Current Conditions, Consumer Sentiment). Baker Hughes Total Rig Count.
Earnings Caterpillar, Merck, Exxon Mobil, Chevron, Illinois Tool Works, Colgate-Palmolive, Lazard, Booz Allen Hamilton, LyondellBasell, Weyerhaeuser, Newell Brands

Saturday 1 August
S KOREA Balance of Trade, Exports, Imports

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