Macro Data Impacting Asia Jun 27 - 2 Jul; OPEC, PMI's and US Jobs

27 Jun

This and previous notes can be found on SubStack ( Asian Market Sense )
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End of the quarter and first half so expect some window dressing and possibly more rotation ahead of another earnings season.

Shortened week for HK with markets closed Thursday for SAR day and an important week for China with the 100th anniversary of the communist party. There is also an OPEC meeting on 1 July too.

Main focus is the US jobs report because of the implication for Fed policy, only two Fed speakers, both on Monday.

Summary of Key data this week
Australia Private Sector Credit, Balance of Trade, Home Loans
Japan Unemployment, Retail Sales, Industrial Production, Consumer Confidence, Housing Starts, Tankan Survey, Manufacturing PMI
S Korea Industrial & Manufacturing Production, Retail Sales, Construction Output, Balance of Trade, Manufacturing PMI, Inflation Rate.
Taiwan Manufacturing PMI
China Data wise Manufacturing & Non PMI’s but key will be the Party Annicversary on July 1
HK Balance of Trade, Retail Sales

Europe focus
Sentiment and Confidence data, Inflation, Unemployment, PPI and Manufacturing PMI
German Inflation, Unemployment, Retail Sales and Manufacturing PMI  
French Inflation, PPI and Manufacturing PMI
UK Manufacturing PMI

US Focus likely to be Friday’s jobs report. Still a few interesting earnings due; like Constellation Brands, General Mills, Micro Tech, Bed Bath & Beyond, Walgreen Boots and others but only a couple of Fed Speakers on Monday.

Sunday 27 June 
China Industrial Profits May 83.4% vs 106.15 Apr (F/cast was 82%)

Monday 28 June
AUSTRALIA  No data due
BoJ Summary of Options
S KOREA No data due  
TAIWAN No data due  
CHINA No data due  
HONG KONG Balance of Trade, Exports and Imports after market
EUROZONE No data due
GERMANY Import Prices  
FRANCE No data due  
UK No data due  
US Dallas Fed Manufacturing Index
Fed Speakers Williams and Harker

Tuesday June 29
No data due
JAPAN Unemployment, Jobs/Applications Ratio, Retail Sales
S KOREA No data due  
TAIWAN No data due
CHINA No data due
HONG KONG No data due  
EUROZONE Consumer Confidence, Sentiment (Economic, Industrial and Services), Consumer Inflation Expectations
GERMANY Inflation Rate
FRANCE Unemployment Rate, Consumer Confidence
UK Nationwide Housing Prices, Car Production, Mortgage Approvals, Mortgage Lending, BoE Consumer Credit, Net Lending to Individuals
US Redbook, Case-Shiller Home Price, House Price Index, Consumer Confidence,  NY Fed Treasuries TIPS Purchases, API Crude Oil Stock Change.

Wednesday June 30
Private Sector Credit
JAPAN Industrial Production, Consumer Confidence, Housing Starts, Construction Orders
Industrial Production, Retail Sales, Construction Output, Manufacturing Production.
TAIWAN No data due  
Manufacturing and Non PMI
Retail Sales
Core Inflation Rate, Inflation Rate,  
Unemployment Rate, Unemployment Change
Inflation Rate, Household Consumption, PPI,  
Current Account, Business Investment, GDP Growth Rate,
US MBA Mortgage Applications and 30 yr Mortgage Rate, ADP Employment Change, Chicago PMI, Pending Home Sales, EIA Oil Report

Thursday 1 July
Manufacturing Index, Manufacturing PMI, Balance of Trade, Exports and Imports
JAPAN Tankan Survey (Large Manufacturers Index & Outlook, Non Manufacturers Index & Outlook, Large All Industry Capex, Small Manufacturers Index), Foreign Stock and Bond Investment, Manufacturing PMI
S KOREA Balance of Trade, Exports, Imports, Manufacturing PMI
Manufacturing PMI
CHINA Manufacturing PMI
Market closed SAR Day
Manufacturing PMI, Unemployment Rate
GERMANY Retail sales, Manufacturing PMI
Manufacturing PMI, New Car Registrations,
UK Manufacturing PMI
US Challenger Job Cuts, Initial Claims, 4 week Average Claims, Continuing Claims, Manufacturing PMI, Construction Spending, ISM Manufacturing (PMI, Prices,  New Orders,Employment), EIA Natural Gas Report,

Friday 2 July
Home Loans, Investment Lending for Homes
JAPAN No data due  
S KOREA Inflation Rate
No data due  
CHINA No data due  
No data due  
No data due  
Budget Balance
No data due  
US Balance of Trade, Non Farm Payrolls, Unemployment Rate, Ave Hourly Earnings, Participation Rate, Ave Weekly Hours, Government Payroll, Manufacturing Payrolls, Exports, Imports, Factory Orders, Baker Hughes Rig Count.

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