[Key Events and Data Preview for This Week: China's July Economic Data; Fed Meeting Minutes; US Says It Will Launch Economic Strikes Against Iran]
1. Monday:
① Data: China's July retail sales of consumer goods, industrial value-added above designated size, and total electricity consumption in July; Canada's July CPI month-on-month rate; US August New York Fed Manufacturing Index and NAHB Housing Market Index.
② Events: State Council Information Office holds a press conference on the national economic operation; National Bureau of Statistics releases monthly report on residential sales prices in 70 cities; the People's Bank of China will conduct overnight reverse repurchase operations from August 17 to August 19; Bessant announces that it will launch "unprecedented" economic strikes against Iran this week.
③ Earnings Report: Geely Automobile.
2. Tuesday:
① Data: UK's June three-month ILO unemployment rate, July unemployment rate and unemployment claims; Germany and the Eurozone's August ZEW economic sentiment index; US ADP employment change, total housing starts, total building permits, import price index, industrial output month-on-month rate, and pending home sales index. ② Earnings Reports: China Unicom, Xiaomi, Baidu; Xiaomi and Baidu held earnings conference calls.
3. Wednesday
① Data: US API crude oil inventories, EIA crude oil inventories; UK July CPI, Retail Price Index; Eurozone June seasonally adjusted current account, July final CPI. ② Events: ECB President Lagarde attends the World Economic Forum International Business Council meeting's "Global Economic Outlook" discussion. The Seoul Artificial Intelligence Summit will be held from August 19th to 21st; the World Robot Conference will be held from August 19th to 23rd. ③ Earnings Reports: Kuaishou, ZTO Express, Kingsoft, Hong Kong Stock Exchange, Weibo; Kuaishou held an earnings conference call.
4. Thursday: ① Data: China's July SWIFT RMB share in global payments, 1-year LPR; Australia's July seasonally adjusted unemployment rate; Germany's July PPI month-on-month; Switzerland's July trade balance; UK's August CBI industrial orders balance; US initial jobless claims, August Philadelphia Fed Manufacturing Index, July Conference Board Leading Economic Index month-on-month, EIA natural gas storage. ② Events: Federal Reserve releases monetary policy meeting minutes. ③ Earnings reports: Ping An Insurance, China Telecom, NetEase, Alibaba, AIA, Li Ning, Pop Mart, Futu Holdings.
5. Friday: ① Data: UK's August GfK Consumer Confidence Index, July seasonally adjusted retail sales month-on-month, public sector net borrowing, August services PMI preliminary reading; Japan's July core CPI year-on-year; France, Germany, Eurozone, and UK August manufacturing PMI preliminary readings; Canada's June retail sales month-on-month; US August S&P Global Manufacturing and Services PMI preliminary readings; Eurozone August consumer confidence index preliminary reading. ② Events: The results of the second-quarter Hang Seng Index review will be released; NYMEX crude oil September futures contracts will roll over. ③ Earnings Reports: ZTE, Sinopec, Beike.
7. Saturday: ① Data: Total number of US oil rigs for the week ending August 21.
