Monday brings a number of highly anticipated news releases; let’s find out more.
The schedule starts ten minutes before midnight with Japanese Preliminary Industrial Production for June. The output dropped in May, reversing a 4% gain the previous month.
The closely watched Chinese July PMIs are out 1 AM. This is the official version of the Index, and the June data showed a faster expansion in both manufacturing and services sectors.
Australian New Home Sales for June will be available at the same time. Sales continued growing in May, and at a faster pace than the point 8% gain the previous month.
Australian Private Sector Credit for June comes at half past 1. Lending has been growing at a steady point 4% pace for 3 months straight.
Japanese Housing Starts for June follow at 5 o’clock. May data showed the first decline in 3 months, although it was smaller than expected.
UK Net Lending to Individuals for June is out at 8:30. British customers went on a bit of a borrowing spree in May, taking on new credit at the fastest pace in 12 months, and much of the growth came from non-secured loans such as credit card debt.
The closely watched Euro Zone Preliminary July CPI will be released at 9. The annual inflation inched lower in June, but the core reading actually went up by point 2 percentage points.
Euro Zone June Unemployment Rate is out at the same time. It has stood at an 8-year low for the past 2 months and, even though Greek and Spanish unemployment rates remain alarmingly high, the Spanish rate actually dropped by 2.5% over the last 12 months.
Coming up next at 1:45 PM GMT is the Chicago July PMI. The Index soared by more than 6 points in June, hitting a 3-year high.
US Pending Home Sales for JUne follow at 2. Sales have been declining for the past 3 months amidst persistent supply shortages.
Australian Manufacturing PMI for July will be available at 11 o’clock in the evening. The Index inched higher in June, and it has stood in the positive territory for the past 9 months.
The Caixin version of Chinese July Manufacturing PMI is out at 1:45 AM. The Caixin Index rebounded in June, having slipped below the 50 point mark the previous month.
And all the Aussie Dollar traders may want to tune in at half past 4, when RBA will release its latest Monetary Policy Statement. Once again, markets are not really expecting any rate hikes just yet, but they will pay attention to wording.
I’m Kiays Khalil and this was the Economic Calendar for Monday, the 31st of July. Tuesday brings more known market movers, so make sure you check back.
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