Macro Data Impacting Asia June 14 - 18.


14 Jun

This and previous notes can be found at SubStack ( Asian Market Sense )
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The G7 conference over now Biden travels to Europe to meet Nato allied and the trip culminates with a summit with Putin.

The main focus will be the FOMC meeting press conference and any tweaks over it’s forecasts for inflation, interest rates or talk of talks regarding tapering. Ahead of that we get US Retail Sales, PPI and Industrial Production data.
Bonds on Friday eased but that probably technical; reflecting the wall of money currently in the market looking for a home rather than any fundamental indication of the outlook for interest rates.

In Asia it is a short trading week for Australia, Taiwan, China and Hong Kong who are all closed Monday. China due to release Fixed Asset Investment, Industrial Production, Retail Sales, Unemployment Rate on Wednesday which will be watched for signs of slowing in the recovery. Then the House Price Index Thursday.
Japan Industrial Production Monday, Trade data Wednesday and Inflation Friday.
S. Korea no major data. Taiwan Interest Rate decision Thursday no change expected.
Australia more RBA minutes and Housing Data Tuesday, Lending Index Wednesday and Employment data Thursday.

Europe
Eurozone Key will be inflation on Thursday but we also get Industrial Production, Trade Balance, Labour costs, wage growth and construction output.
Within Europe German & French Inflation Tuesday and then German PPI Friday.
UK Employment data Tuesday, Inflation data Wednesday along with PPI and Retail Price Index and then Retail Sales Friday.

Monday 14 June
AUSTRALIA Market Closed No data due
JAPAN 
Industrial Production, Capacity Utilisation
S KOREA No data due  
TAIWAN Market Closed No data due  
CHINA Market Closed No data due  
HONG KONG Market Closed No data due  
EUROZONE Industrial Production
GERMANY No data due
FRANCE No data due  
UK No data due  
US Consumer Inflation Expectations

Tuesday 15 June
AUSTRALIA  
RBA Meeting Minutes, House Price Index
JAPAN Tertiary Industry Index
S KOREA No data due  
TAIWAN No data due
CHINA No data due
HONG KONG Industrial Production
EUROZONE Balance of Trade  
GERMANY Inflation Rate
FRANCE Inflation Rate  
UK  Claimant Count, Employment Change, Unemployment Rate, Average Earnings.  BoE Gov Baily Speaks.
US Retail Sales, PPI and Core PPI, NY Empire Stake Manufacturing Index, Redbook, Industrial Production, Manufacturing Production, Capacity Utilisation, Business Inventories, NAHB Housing Market Index, Foreign Bond Investment, Net Long Term Tic Flows, Overall Net Capital Flows, API Crude Oil Stock Change.
Earnings: Oracle, La-Z-Boy, H&R Block

Wednesday 16 June
AUSTRALIA  
Lending Index
JAPAN Balance of Trade, Exports, Imports, Machinery Orders
S KOREA 
No data due  
TAIWAN No data due  
CHINA 
NBS Press Conference, Fixed Asset Investment, Industrial Production, Retail  Sales, Unemployment Rate.
HONG KONG 
No data due  
EUROZONE 
Labour Cost Index, Wage Growth.
GERMANY 
No data due  
FRANCE 
No data due  
UK 
Inflation Rate, Core Inflation Rate, PPI Core Output, PPI output, PPI Input, Retail Price Index,
US MBA Mortgage Applications and 30 yr Mortgage Rate, Import Prices, Export Prices, Housing Starts, Building Permits, EIA Oil Report, FOMC Rate Decision, FOMC Economic Projections, Fed Press Conference.
Earnings: Lennar, The Honest Company

Thursday 17 June
AUSTRALIA  
Part Time Employment, Unemployment Rate, Employment Change, Full Time Employment Change, RBA Bulletin, Participation Rate
JAPAN Tankan Index, Foreign Stock and Bond Investment
S KOREA No data due
TAIWAN Interest Rate Decision
CHINA House Price Index.  May get FDI (YTD)  
HONG KONG 
Unemployment Rate
EUROZONE 
Construction Output, Core Inflation Rate, Inflation Rate.
GERMANY No data due  
FRANCE 
No data due
UK No data due
US Philadelphia Fed Manufacturing Index, Initial Claims, 4 week Average Claims, Continuing Claims, Leading Index, EIA Natural Gas Report, 5yr TIPS Auction.
Earnings: Adobe, Kroger, Jabil, Commercial Metals, Smith and Wesson

Friday 18 June
AUSTRALIA  
No data due
JAPAN Inflation Rate, Core Inflation, BoJ Interest Rate Decision.
S KOREA No data due  
TAIWAN 
No data due  
CHINA No data due  
HONG KONG 
No data due
EUROZONE Current Account
GERMANY 
PPI
FRANCE 
No data due
UK 
Retail Sales
US Baker Hughes Rig Count.

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