Week Ahead

Next week the Federal Reserve will be publishing the minutes of its last meeting while the Reserve Bank of Australia will be deciding on monetary policy. Key economic data include: US jobs report, trade balance, ISM PMIs, ADP employment change and factory orders; UK Markit PMIs; Eurozone unemployment and retail sales; Japan quarterly business survey and household spending; China Caixin PMIs; and Australia trade balance and retail sales.
Joana Ferreira | joana.ferreira@tradingeconomics.com 6/29/2018 5:20:03 PM
In the US investors await the release of the FOMC minutes on Thursday, anticipating further clues on the timing of the next interest rate hike. Regarding the economic calendar, the most important releases are: non-farm payrolls; unemployment rate; wage growth; trade balance; ISM PMIs; ADP employment change; factory orders; construction spending; total vehicle sales; ISM New York Index; IBD/TIPP Economic Optimism; and final Markit PMIs.

The UK will publish Markit PMIs, Halifax house prices and new car sales. Elsewhere in Europe, final Markit PMIs will be published for the Eurozone, Germany and France, and flash figures for Italy and Spain. Markets will also focus on: Eurozone unemployment and retail sales; Germany factory orders and industrial production; France trade balance; Italy jobless rate and retail trade; Switzerland and Turkey inflation rates; and Sweden interest rate decision.

In Japan analysts are eyeing the publication of BoJ's quarterly business survey, alongside household spending, leading indices and final Nikkei Manufacturing PMI. Meanwhile in China markets will focus on Caixin PMIs.

The Reserve Bank of Australia will hold its monetary policy meeting, but no changes are expected. Important data include trade balance, retail trade, building permits, and AIG indices for manufacturing, services and construction sectors.

Other important releases include: Canada employment figures, foreign trade and Ivey PMI; Brazil inflation, trade balance, industrial output and Markit PMIs; India Nikkei PMIs and infrastructure output; and South Korea, Indonesia, the Philippines and Russia inflation rates.

Week Ahead