Economic Calendar - 12 July 2010

Here's the Economic Calendar for the week commencing the 12th of July 2010. This week there's inflation figures due out from China, US, UK, EU, and New Zealand. China is also set to release its Q2 GDP figures this week, as well as fixed asset investment, retail sales, PPI, and industrial production. The EU, Japan, and US are also set to release their latest industrial production figures this week. There's also more confidence numbers from the US, Australia, Japan, and the Euro Zone.

(More commentary follows the table)

Day

Time (GMT)

Code

Event/Release

Forecast

Previous

MON	1:30	AUD	Home Loans (MAY)	0.0%	-1.8%
MON	1:30	AUD	Investment Lending (MAY)		1.3%
MON	8:30	GBP	Gross Domestic Product (QoQ) (1Q F)	0.3%	0.4%
MON	8:30	GBP	Gross Domestic Product (YoY) (1Q F)	-0.2%	-3.1%
MON	14:30	CAD	Business Outlook Future Sales (2Q)		44
TUE	1:30	AUD	NAB Business Confidence (JUN)		5
TUE	4:30	JPY	Industrial Production (YoY) (MAY F)		20.2%
TUE	5:00	JPY	Consumer Confidence (JUN)		42.7
TUE	7:15	CHF	Producer & Import Prices (YoY) (JUN)		1.4%
TUE	8:30	GBP	Consumer Price Index (YoY) (JUN)	3.1%	3.4%
TUE	8:30	GBP	Core Consumer Price Index (YoY) (JUN)	2.8%	2.9%
TUE	9:00	EUR	German ZEW Survey (Economic Sentiment) (JUL)	25.3	28.7
TUE	9:00	EUR	Euro-Zone ZEW Survey (Economic Sentiment) (JUL)	16.3	18.8
TUE	12:30	CAD	International Merchandise Trade (Canadian dollar) (MAY)		0.2B
TUE	12:30	USD	Trade Balance (MAY)	-$39.0B	-$40.3B
TUE	22:00	NZD	REINZ House Sales (YoY) (JUN)		-17.2%
TUE	22:00	NZD	REINZ Housing Price Index (MoM) (JUN)		-1.4%
TUE	22:45	NZD	Retail Sales Ex-Auto (MoM) (MAY)	0.6%	-0.2%
TUE	23:01	GBP	Nationwide Consumer Confidence (JUN)	62	65
WED	0:30	AUD	Westpac Consumer Confidence Index (JUL)		101.9
WED	8:30	GBP	Jobless Claims Change (JUN)	-20.0K	-30.9K
WED	9:00	EUR	Euro-Zone Consumer Price Index (YoY) (JUN F)	1.4%	1.4%
WED	9:00	EUR	Euro-Zone Consumer Price Index - Core (YoY) (JUN)	0.9%	0.8%
WED	9:00	EUR	Euro-Zone Industrial Production s.a. (MoM) (MAY)	1.2%	0.8%
WED	12:30	USD	Advance Retail Sales (JUN)	-0.2%	-1.2%
WED	12:30	USD	Retail Sales Less Autos (JUN)	-0.1%	-1.1%
WED	18:00	USD	Federal Open Market Committee Meeting Minutes
WED	22:00	CNY	Consumer Price Index	3.3%	3.1%
WED	22:00	CNY	Gross Domestic Product	10.5%	11.9%
WED	22:00	CNY	Industrial Production	15.2%	16.5%
WED	22:00	CNY	Retail Sales y/y	18.8%	18.7%
WED	22:30	NZD	Business NZ Performance of Manufacturing Index (JUN)		54.5
THU		JPY	Bank of Japan Interest Rate Decision	0.10%	0.10%
THU	8:00	EUR	European Central Bank Monthly Report
THU	12:30	USD	Producer Price Index (YoY) (JUN)	3.1%	5.3%
THU	12:30	USD	Producer Price Index Ex Food & Energy (YoY) (JUN)	1.1%	1.3%
THU	13:15	USD	Industrial Production (JUN)	0.0%	1.2%
THU	14:00	USD	Senate Banking Committee Holds Hearing on Fed Nominations
THU	22:45	NZD	Consumer Prices Index (YoY) (2Q)		2.0%
FRI	9:00	EUR	Euro-Zone Trade Balance s.a. (euros) (MAY)	0.8B	1.4B
FRI	12:30	CAD	Leading Indicators (MoM) (JUN)		0.9%
FRI	12:30	USD	Consumer Price Index (YoY) (JUN)	1.2%	2.0%
FRI	12:30	USD	Consumer Price Index Ex Food & Energy (YoY) (JUN)	0.9%	0.9%
FRI	13:55	USD	U. of Michigan Confidence (JUL P)	74	76

A major feature this week will be the monthly China data release (trade figures are already out), but this time there will also be the quarterlies, including an update on the GDP situation in China. Growth is projected to slow slightly, and inflation is projected to accelerate, while industrial projection is likely to show a decrease, and consumer spending will probably be close to unchanged. Given the concerns about a potential slowdown in the Chinese economy, this will be a closely watched release.

On the inflation front, the UK will start off the June CPI reporting, with expectations for a slight decrease in the inflation rate; next is Europe, expected to show little change in the year on year change. As noted China is expected to show a slight increase, New Zealand will also likely see an increase, but the US on the other hand will likely see a further drop-off in the inflation rate - in line with indications from the PMI figures for June.

Another feature of the week will be the updates to industrial production; first up is the final reading for May from Japan, then there's the May reading for the Euro-Zone; expected to be up slightly on a year over year basis, and the US is expected to report a slight slowdown, as is China; which is consistent with the PMI readings from both countries.

In the monetary policy sphere there's the Bank of Japan interest rate decision, US FOMC minutes, and the Senate banking committee will be holding a hearing on Fed nominations.

Also as noted, there will be further confidence updates, with Japan reporting consumer confidence, Australia reporting business and consumer confidence, the EU reporting economic sentiment, and the US with the University of Michigan Confidence indicator.

So as always, have a great week, watch out for surprises, and stay tuned for updates...

Sources
DailyFX www.dailyfx.com/calendar
Forex Pros www.forexpros.com/economic-calendar/
Forex Factory www.forexfactory.com/calendar.php
Bloomberg www.bloomberg.com
+various statistics websites and central bank websites for verification

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