Here's the Economic Calendar for the week commencing the 30th of August 2010. This week there's Q2 GDP results from Canada, Australia, Switzerland, and the EU. And of course given that this week brings the start of September we've got PMI figures out of China, the US, and a range of other countries. The other notables will be S&P/Case-Shiller house prices, US consumer confidence, Canada and Aussie current accounts, an ECB rate non-decision and of course US nonfarm payrolls.
(More commentary follows the table)
| Day | Time (GMT) | Code | Event/Release | Forecast | Previous |
| MON | NZD | Imports (New Zealand dollars) (JUL) | 3.70B | 3.51B | |
| MON | NZD | Exports (New Zealand dollars) (JUL) | 3.65B | 3.78B | |
| MON | AUD | Company Operating Profit (QoQ) (2Q) | 5.8% | 3.9% | |
| MON | NZD | NBNZ Business Confidence (AUG) | 27.9 | ||
| MON | 09:00 | EUR | Euro-Zone Economic Confidence (AUG) | 101.6 | 101.3 |
| MON | 12:30 | CAD | Current Account (BoP) (Canadian dollar) (2Q) | -$10.0B | -$7.8B |
| MON | 12:30 | USD | Personal Income (JUL) | 0.3% | 0.0% |
| MON | 12:30 | USD | Personal Spending (JUL) | 0.3% | 0.0% |
| MON | 12:30 | USD | Personal Consumption Expenditure Core (YoY) | 1.4% | 1.4% |
| MON | 23:50 | JPY | Industrial Production (MoM) (JUL P) | -0.2% | -1.1% |
| MON | 23:50 | JPY | Industrial Production (YoY) (JUL P) | 14.3% | 17.3% |
| MON | 23:50 | JPY | Retail Trade s.a. (MoM) (JUL) | 0.5% | 0.4% |
| MON | 23:50 | JPY | Retail Trade (YoY) (JUL) | 3.5% | 3.2% |
| MON | 01:30 | AUD | Retail Sales s.a. (MoM) (JUL) | 0.4% | 0.2% |
| MON | 01:30 | AUD | Current Account Balance (Australian Dollar) (2Q) | -6500M | -16551M |
| TUE | 07:55 | EUR | German Unemployment Change (AUG) | -20K | -20K |
| TUE | 07:55 | EUR | German Unemployment Rate s.a. (AUG) | 7.6% | 7.6% |
| TUE | 09:00 | EUR | Euro-Zone CPI Estimate (YoY) (AUG) | 1.6% | 1.7% |
| TUE | 09:00 | EUR | Euro-Zone Unemployment Rate (JUL) | 10.0% | 10.0% |
| TUE | 12:30 | CAD | Quarterly GDP Annualized (2Q) | 2.5% | 6.1% |
| TUE | 13:00 | USD | S&P/Case-Shiller Composite-20 s.a. (MoM) (JUN) | 0.35% | 0.47% |
| TUE | 13:00 | USD | S&P/Case-Shiller Composite-20 (YoY) (JUN) | 3.50% | 4.61% |
| TUE | 14:00 | USD | Consumer Confidence (AUG) | 51.0 | 50.4 |
| TUE | 18:00 | USD | FOMC Meeting Minutes (AUG 31) | ||
| TUE | 01:00 | CNY | Purchasing Managers Index Manufacturing (AUG) | 51.5 | 51.2 |
| TUE | 01:00 | CNY | HSBC Manufacturing PMI | 49.4 | |
| TUE | 01:30 | AUD | Gross Domestic Product (QoQ) (2Q) | 0.9% | 0.5% |
| TUE | 01:30 | AUD | Gross Domestic Product (YoY) (2Q) | 2.8% | 2.7% |
| TUE | 03:00 | NZD | ANZ Commodity Price (AUG) | -0.8% | |
| WED | 07:55 | EUR | German PMI Manufacturing (AUG F) | 58.2 | 58.2 |
| WED | 08:00 | EUR | Euro-Zone PMI Manufacturing (AUG F) | ||
| WED | 14:00 | USD | ISM Manufacturing (AUG) | 53.0 | 55.5 |
| WED | 14:00 | USD | ISM Prices Paid (AUG) | 56.0 | 57.5 |
| WED | 01:30 | AUD | Trade Balance (Australian dollar) (JUL) | 3100M | 3539M |
| THU | 05:45 | CHF | Gross Domestic Product (QoQ) (2Q) | 0.8% | 0.4% |
| THU | 05:45 | CHF | Gross Domestic Product (YoY) (2Q) | 2.6% | 2.2% |
| THU | 09:00 | EUR | Euro-Zone GDP s.a. (QoQ) (2Q P) | 1.0% | 1.0% |
| THU | 09:00 | EUR | Euro-Zone GDP s.a. (YoY) (2Q P) | 1.7% | 1.7% |
| THU | 09:00 | EUR | Euro-Zone Producer Price Index (YoY) (JUL) | 3.9% | 3.0% |
| THU | 11:45 | EUR | ECB Interest Rate Decision (SEP 2) | 1.00% | 1.00% |
| THU | 14:00 | USD | Pending Home Sales (MoM) (JUL) | -1.5% | -2.6% |
| THU | 14:00 | USD | Factory Orders (JUL) | 0.5% | -1.2% |
| THU | EUR | German Retail Sales (MoM) (JUL) | 0.5% | -0.9% | |
| FRI | 07:15 | CHF | Consumer Price Index (YoY) (AUG) | 0.4% | 0.4% |
| FRI | 08:00 | EUR | Euro-Zone PMI Services (AUG F) | 55.6 | 55.6 |
| FRI | 08:00 | EUR | Euro-Zone PMI Composite (AUG F) | 56.1 | 56.1 |
| FRI | 09:00 | EUR | Euro-Zone Retail Sales (MoM) (JUL) | 0.2% | 0.0% |
| FRI | 12:30 | USD | Change in Non-Farm Payrolls (AUG) | -105K | -131K |
| FRI | 12:30 | USD | Unemployment Rate (AUG) | 9.6% | 9.5% |
| FRI | 12:30 | USD | Change in Private Payrolls (AUG) | 46K | 71K |
| FRI | 14:00 | USD | ISM Non-Manufacturing Composite (AUG) | 53.5 | 54.3 |
This week we've got more Q2 GDP results out; first up will be Canada, which is expected to show an annualised quarterly growth rate of 2.5% vs 6.1% the previous quarter. Then there's Australia, expected to shrug-off the election issues and clock up 0.9% q/q for Q2. Then there's the EU data, with the Swiss expected to show 0.8% q/q and the wider EU with 1.0%. More or less all lining up with the post-recession recovery bounce, but the key question will be who's still growing come Q3 and Q4... because the easy part of the recovery is over, time for the real hard work to begin!
Now there are a few countries releasing PMI data this week, but no doubt all eyes will be on the two juggernauts; China and the US. Both are going to play critical roles in the course of the global economy over the coming period. China is expected to show a slight rebound - and what ever the figure is it will send strong signals (a weaker figure will confirm the slowdown, a stronger figure will suggest continued growth, and something in between will leave uncertainty in its wake). The US; manufacturing is the strong point, so let's watch this one closely - will the last bastion of the US economic recovery fall?
Another area of interest this week will be the international trade and capital flows; Canada will report its Q2 current account balance, and is expected to show a larger deficit... then Aus will also release its Q2 figure but a smaller deficit is expected. New Zealand will release its trade figures early Monday; with imports expected to jump above exports for the first time in about a year, and Aus will release its July trade balance later in the week.
Elsewhere there's the increasingly important S&P Case Shiller home price index, and US consumer confidence numbers - both will give important insights into the course of the downward spiral of the US economy; as will the nonfarm payroll figures on Friday. In Japan there's industrial production figures and retail trade - both of importance for the Japanese economy which is sitting at the watershed. And of course last but not least there's the ECB monetary policy announcement - not a huge probability of anything significant here, but watch for their analysis anyway... the US Fed will be putting out its recent meeting minutes too.
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
Article Source: http://www.econgrapher.com/30aug-calendar.html
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