Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

August 3-9, 2024 – Currency Thoughts


Next Week’s Menu: August 3-9, 2024

August 2, 2024

Central Banks: Monetary policies will be reviewed next week in Mexico, Peru, Moldova, Australia and India. The Bank of Japan will publish a summary of the recent Board meeting and minutes from the previous one.

Holiday and Special Events: There is a Civic Holiday in Canada on Monday. Results of this year’s British bank stress tests will be reported, and the Swiss government updates macroeconomic forecasts.

Purchasing Manager Surveys: July private and manufacturing PMIs for Hong Kong, Singapore, South Africa and Lebanon. Non-oil PMIs for Egypt, the U.A.E. and Saudi Arabia. Construction PMIs for the U.K., Euroland, Germany, France, Italy, and Australia. Service sector and composite PMIs for Ireland, Canada, Japan, Australia, India, China, Russia, Italy, France, Germany, Spain, Euroland, Brazil and United States.

Scheduled U.S. Economic Data Releases: The trade balance, RCM/TIPP optimism index, and motor vehicle sales.

Japanese and Chinese Releases: Japanese household spending, labor cash earnings,  reserves, machine tool orders, and economy watchers index. Chinese and Japanese money and bank lending growth. Chinese consumer prices, producer prices, current account and trade balance.

Other Asia: Indonesian unemployment and GDP. South Korean current account and Singapore retail sales.

Euroland Releases: PPI, retail sales and Sentix gauge of investor confidence.

Members of the Euro Area: German, Spanish, Latvian, and Estonian industrial production. German, Italian, French, and Finnish trade balances. German, Estonian and Italian consumer prices. Austrian wholesale prices, French current account and German industrial orders.

U.K. and Switzerland: British motor vehicle sales, same store sales, Halifax house price index, and RICS house price index. Swiss retail sales and unemployment.

Eastern and Nordic Europe: Czech and Hungarian retail sales. Russian CPI. Norwegian  industrial production.

Australia and New Zealand: Australian retail sales and building permits. New Zealand labor costs.

Turkey and South Africa: Turkish CPI, PPI and industrial production. South African factory output.

Canada, Mexico and Brazil: Canadian labor market statistics, trade balance and IVEY-PMI index. Mexican and Brazilian consumer prices. Mexican industrial output.

 

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