Jackson Hole back on the agenda
The week ahead should be lively with some top-tier data and news on the agenda. Here are a few things to watch out for.
Monday:
Eurozone construction output
The BOC's Wilkins speaks in Frankfurt
Fed's Bostic speaks in Tennessee
Tuesday:
A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet U.S. representatives led by Treasury Under Secretary for International Affairs David Malpass in the first round of low-level talks on trade. Two days of meetings are planned.
RBA Governor Lowe speaks in Canberra
UK public finances
Wednesday:
New Zealand retail sales
FOMC Minutes
Canadian retail sales will be another key data point ahead of the September BOC meeting; The implied odds of a hike are up to 32% from 22% a week ago, largely due to Friday's strong CPI report.
Thursday:
The ECB brushed off a dip in growth at the latest meeting. The flash PMI for the eurozone on Thursday will provide a clue on whether or not that's true.
Markit US surveys
Friday:
New Zealand trade balance
Japan CPI
German final Q2 GDP
US durable goods orders
Fed Chairman Powell attends his first Jackson Hole symposium and will speak about "monetary policy in a changing economy".
Other events:
The US and Mexico both touted progress on autos at NAFTA meetings. There are still a few sticky issues but they may be able to close the file early in the week. That would set up three-party talks and a potential conclusion in the weeks ahead.
