Markets: What to expect this week – Deutsche Bank

Analysts at Deutsche Bank suggest that it's a very quiet start to the week on Monday with the only data of note being the final July CPI revisions for Italy.

Key Quotes

“Tuesday: It looks set to be a much busier day for releases on Tuesday. Overnight the focus will be on China with July retail sales, industrial production and fixed asset investment data due along with June industrial production and capacity utilization data for Japan. In Europe, we get Q2 employment data in France, revisions to Q2 GDP for Germany and the Euro area, the final July CPI revisions for Germany, France and Spain, June employment data for the UK, June industrial production for the Euro area and the August ZEW expectations survey for Germany. In the US, we get the July NFIB small business optimism index, import price index and export price index while the Q2 household debt and credit report by the New York Fed will also be released. Home depot will also be releasing its earnings.”

“Wednesday: It should be another busy day for releases on Wednesday. Overnight, we get July new home prices data for China. In Europe, we get July CPI, RPI and PPI for the UK. In the US, we get July retail sales, industrial production, manufacturing production and capacity utilization data along with August empire manufacturing, and preliminary Q2 nonfarm productivity and unit labor costs, June business inventories and August NAHB housing market index. Macy's will be reporting earnings.”

“Thursday: Overnight on Thursday we'll get the July trade balance data for Japan, while in Europe we get July retail sales for the UK and June trade balance for the Euro area. In the US, we get the August Philadelphia Fed PMI along with July housing starts and building permits data. Walmart, Gap and Nordstrom will also be reporting earnings.”

“Friday: There is nothing of note overnight in Asia on Friday. In Europe, we get June current account data and the final July CPI prints for the Euro area. In the US, we end the week with the July leading index and the preliminary August University of Michigan survey.”