Week Ahead


Next week the US will be publishing existing home sales, building permits and housing starts, and flash Markit PMIs. Elsewhere, the Bank of England will be deciding on monetary policy, with markets anticipating no changes. Other important releases include: UK CBI factory orders; Eurozone flash Markit PMIs and consumer confidence; Japan inflation, trade balance and Nikkei Manufacturing PMI; Canada retail sales and inflation; and interest rate decisions from Switzerland, Norway, Mexico, Brazil and the Philippines.

In the US the most important releases are existing home sales; building permits and housing starts; flash Markit PMIs; current account; NAHB Housing Market Index; Philadelphia Fed Manufacturing Index; and FHFA house prices.

In the UK investors will turn their attention to Bank of England's policy meeting, at which the central bank is expected to keep rates on hold on the back of poor economic data and Brexit worries. The country's CBI factory orders and public finances will also be watched. 

Elsewhere in Europe, flash Markit PMIs for the Eurozone, Germany and France will be in the spotlight, alongside Eurozone consumer confidence and construction output; Norway and Switzerland interest rate decisions; Germany producer prices; France final Q1 GDP growth and business morale; Italy trade balance; and Turkey unemployment and consumer sentiment.

In Japan, analysts are eyeing the publication of inflation rate, trade balance and flash Nikkei Manufacturing PMI; while in Australia markets will focus on house price index for the first quarter.

Other important figures include: Canada retail trade and inflation; Mexico, Brazil and the Philippines interest rate decisions; Argentina Q1 GDP growth; and Malaysia and South Africa inflation rates.



Joana Ferreira | joana.ferreira@tradingeconomics.com
6/15/2018 2:37:52 PM



 


Friday June 15 2018 Actual Previous Consensus
01:30 AM
CN
House Price Index YoY MAY 4.7% 4.7%
03:00 AM
JP
BoJ Interest Rate Decision -0.1% -0.1%
03:30 AM
AU
RBA Ellis Speech
06:30 AM
DE
Bundesbank Semi-Annual Forecasts
07:40 AM
IN
Balance of Trade MAY $-14.62B $-13.72B
09:00 AM
EA
Balance of Trade APR €16.7B €26.9B
09:00 AM
EA
Core Inflation Rate YoY Final MAY 1.1% 0.8% ®
09:00 AM
EA
Inflation Rate YoY Final MAY 1.9% 1.3% ®
09:00 AM
EA
Inflation Rate MoM MAY 0.5% 0.3%
09:45 AM
EA
ECB Cœuré Speech
10:30 AM
RU
Interest Rate Decision 7.25% 7.25%
11:00 AM
IL
Inflation Rate MoM MAY 0.5% 0.4%
12:00 PM
RU
Monetary Policy Report
12:30 PM
US
NY Empire State Manufacturing Index JUN 25.00 20.10
01:15 PM
US
Industrial Production YoY MAY 3.5% 3.6% ®
01:15 PM
US
Industrial Production MoM MAY -0.1% 0.9% ®
02:00 PM
US
Michigan Consumer Sentiment Prel JUN 99.3 98
02:00 PM
US
Michigan Consumer Expectations Prel JUN 87.4 89.1
02:00 PM
US
Michigan 5 Year Inflation Expectations Prel JUN 2.6% 2.5%
02:00 PM
US
Michigan Inflation Expectations Prel JUN 2.9% 2.8%
02:00 PM
US
Michigan Current Conditions Prel JUN 117.9 111.8
08:00 PM
US
Foreign Bond Investment APR $-4.8B $-4.9B ®
08:00 PM
US
Overall Net Capital Flows APR $138.7B $-43.6B ®
08:00 PM
US
Net Long-Term Tic Flows APR $93.9B $61.8B
Sunday June 17 2018 Actual Previous Consensus
10:00 AM
IL
GDP Growth Rate QoQ 2nd Est Q1 1.1% 1.1% ®
11:50 PM
JP
Balance of Trade MAY ¥-578B ¥625B ®
11:50 PM
JP
Exports YoY MAY 8.1% 7.8%
Monday June 18 2018 Actual Previous Consensus
07:00 AM
TR
Unemployment Rate MAR 10.1% 10.6%
08:00 AM
IT
Balance of Trade APR €2.938B €4.525B ®
08:00 AM
PL
Employment Growth YoY MAY 3.7% 3.7%
10:00 AM
DE
Bundesbank Monthly Report
12:45 PM
US
Fed Dudley Speech
01:00 PM
RU
GDP Growth Rate YoY Final Q1 1.3% 0.9%
01:00 PM
US
Fed Duke Speech
02:00 PM
US
NAHB Housing Market Index JUN 68 70
05:00 PM
CA
BoC Patterson Speech
05:00 PM
US
Fed Bostic Speech
07:00 PM
EA
ECB President Draghi Speech
08:00 PM
US
Fed Williams Speech
Tuesday June 19 2018 Actual Previous Consensus
01:30 AM
AU
House Price Index QoQ Q1 -0.7% 1%
05:45 AM
CH
SECO Economic Forecasts
08:00 AM
EA
ECB President Draghi Speech
08:30 AM
EA
ECB Praet Speech
09:00 AM
EA
Construction Output YoY APR 1.8% 1.2% ®
11:00 AM
EA
ECB Praet Speech
11:00 AM
US
Fed Bullard Speech
12:30 PM
US
Housing Starts MAY 1.35M 1.286M ®
12:30 PM
US
Housing Starts MoM MAY 5% -3.1% ®
12:30 PM
US
Building Permits MAY 1.301M 1.364M
12:30 PM
US
Building Permits MoM MAY -4.6% -1.8% ®
01:00 PM
EA
ECB Nouy Speech
07:00 PM
AR
GDP Growth Rate YoY Q1 3.6% 3.9%
07:00 PM
AR
GDP Growth Rate QoQ Q1 1.1% 1.0%
08:30 PM
US
API Crude Oil Stock Change 15/JUN -3.016M 0.833M ®
11:50 PM
JP
BoJ Monetary Policy Meeting Minutes
Wednesday June 20 2018 Actual Previous Consensus
04:00 AM
MY
Inflation Rate YoY MAY 1.8% 1.4%
06:00 AM
DE
PPI MoM MAY 0.5% 0.5%
06:30 AM
JP
BoJ Kuroda Speech
08:00 AM
EA
ECB Lautenschläger Speech
08:00 AM
PH
Interest Rate Decision 3.5% 3.25%
08:00 AM
ZA
Inflation Rate YoY MAY 4.4% 4.5%
10:00 AM
GB
CBI Industrial Trends Orders JUN 13 -3
10:30 AM
EA
ECB Cœuré Speech
12:30 PM
US
Current Account Q1 $-124.1B $-116.2B ®
01:00 PM
RU
Unemployment Rate MAY 4.7% 4.9%
01:30 PM
AU
RBA Gov Lowe Speech
01:30 PM
EA
ECB President Draghi Speech
01:30 PM
US
Fed Chair Powell Speech
01:40 PM
BR
Business Confidence JUN 49.6 55.5
02:00 PM
US
Existing Home Sales MAY 5.43M 5.45M ®
02:00 PM
US
Existing Home Sales MoM MAY -0.4% -2.7% ®
02:30 PM
US
EIA Gasoline Stocks Change 15/JUN 3.277M -2.271M
02:30 PM
US
EIA Crude Oil Stocks Change 15/JUN -5.914M -4.143M
09:00 PM
BR
Interest Rate Decision 6.5% 6.50% ®
Thursday June 21 2018 Actual Previous Consensus
01:30 AM
AU
RBA Bulletin
01:30 AM
JP
BoJ Funo Speech
04:00 AM
TH
Balance of Trade MAY $1.2B $-1.28B
04:30 AM
NL
Consumer Confidence JUN 23 23
04:30 AM
NL
Unemployment Rate MAY 3.9% 3.9%
04:30 AM
CH
SNB Financial Stability Report
06:00 AM
CH
Balance of Trade MAY CHF2.26B CHF2.72B ®
06:45 AM
FR
Business Confidence JUN 110 110 ®
07:00 AM
TR
Consumer Confidence JUN 70.3 69.9
07:30 AM
CH
SNB Interest Rate Decison -0.75% -0.75%
08:00 AM
NO
Norges Bank Monetary Policy Report
08:00 AM
NO
Norges Bank Interest Rate Decison 0.5% 0.5%
09:45 AM
DE
Bundesbank Weidmann Speech
11:00 AM
GB
BoE Quantitative Easing £435B £435B
11:00 AM
GB
BoE Interest Rate Decision 0.5% 0.5%
11:00 AM
GB
BoE MPC Vote Hike 3/9 2/9
11:00 AM
GB
BoE MPC Vote Unchanged 6/9 7/9
11:00 AM
GB
BoE MPC Vote Cut 0/9 0/9
12:30 PM
US
Philadelphia Fed Manufacturing Index JUN 19.9 34.4
12:45 PM
EA
ECB Nouy Speech
02:00 PM
EA
Consumer Confidence Flash JUN -0.5 0.2
06:00 PM
MX
Interest Rate Decision 7.75% 7.5% ®
08:15 PM
GB
BoE Gov Carney Speech
08:30 PM
US
Fed Stress Test Results For Big Banks
11:30 PM
JP
Core Inflation Rate YoY MAY 0.7% 0.7%
11:30 PM
JP