U.S. Retail Sales, Euro-Area GDP, China: Week Ahead Aug. 8-15

U.S. retail sales probably rebounded in July, while industrial production in the world’s biggest economy is forecast to gain for just the second time this year, data in the coming week will show.

The euro region’s gross domestic product likely increased 0.4 percent, maintaining the same level of growth as the first quarter, a separate report will indicate.

The European Central Bank publishes an account of its July 16 monetary policy meeting. China reports trade and new credit data, while the Philippines sets interest rates.

Kraft Heinz Co., Alibaba Group Holding Ltd. and Nestle SA are among companies reporting earnings.

Argentina holds a primary to narrow the field for the country’s first-round presidential election in October.

The National Football League’s four-game suspension of New England Patriots quarterback Tom Brady is the subject of a settlement conference in New York.

Golf’s PGA Championship, the season’s fourth and final major tournament, tees off in Wisconsin.


-RedState Gathering. Mike Huckabee, Jeb Bush and Scott Walker are among 2016 U.S. Republican presidential candidates scheduled to address the forum hosted by the conservative RedState blog. Through 08/9 in Atlanta. Click here for agenda.

-U.S. President Barack Obama is on Martha’s Vineyard in Massachusetts for a two-week vacation.

-Twenty teams from Wall Street financial firms and elsewhere participate in Midnight Madness, an all-night game on the streets of New York City, to benefit the Good Shepherd Services children’s charity.

-Singapore Prime Minister Lee Hsien Loong delivers a pre-National Day speech to mark the 50th anniversary of independence for the island state on Aug. 9. Broadcast at 18:45 (06:00 EDT).

-ECONOMY: China imports, exports, trade balance (July)

-Pro Football Hall of Fame induction. The eight-member class of 2015 includes running back Jerome Bettis; wide receiver Tim Brown; defensive end Charles Haley; guard Will Shields; center Mick Tingelhoff; and linebacker Junior Seau, who will be inducted posthumously. 19:00 in Canton, Ohio.


-Argentines vote in primaries to narrow the field of candidates competing in the first round of presidential elections on Oct. 25. While ruling party candidate Daniel Scioli is expected to win the most votes, investors will be watching the margin of victory over opposition candidate Mauricio Macri to gauge the possibility of a November runoff. Polls open at 08:00 (07:00 EDT) and close at 18:00 (17:00 EDT).

-Haitians will choose two-thirds of the island nation’s Senate and all members of its lower house in a long-delayed election that has resulted in the legislature not having a quorum to act all year. Presidential elections are scheduled for Oct 25. Polls open at 06:00 EDT and close at 16:00.

ECONOMY: China CPI, PPI (July)

-The Pro Football Hall of Fame Game, the first exhibition of the season, is played between the National Football League’s Minnesota Vikings and Pittsburgh Steelers. 20:00 in Canton, Ohio.


-China reports new local-currency lending, aggregate financing and M2 money supply for July as authorities seek to stabilize the stock market after $4 trillion in losses. In June, aggregate financing beat all 23 forecasts in a Bloomberg survey, rising the most since January. Money supply grew 11.8 percent, the most since February. Due anytime July 10-15.

-The U.S. Federal Energy Regulatory Commission is scheduled to issue an initial decision by Aug. 14 in a case against a BP Plc unit for allegedly manipulating natural gas markets in 2008. In Washington.

-SEC judges. A ruling is expected any time this week in a lawsuit challenging how the U.S. Securities and Exchange Commission selects in-house administrative judges. The case may have consequences for how the regulator hears cases, and for other federal agencies. Manhattan federal court.

-Federal Reserve Bank of Atlanta President Dennis Lockhart speaks at a luncheon hosted by the Atlanta Press Club. 12:25 in Atlanta.

-Exelon Corp. and Dynegy Inc. are among power generators planning to sell capacity in an auction held by PJM Interconnection LLC, the operator of the biggest U.S. electricity grid. Results of the weeklong auction, the first to reward plants that can guarantee a presence during emergencies, will be released Aug. 21.

-The U.S. Energy Information Administration releases its Drilling Productivity Report, showing estimates for oil and gas output from the biggest shale formations. 14:00 in Washington.

-Pacific Crest Global Technology Leadership Forum. Texas Instruments Inc. Chief Executive Officer Rich Templeton is among speakers at the forum, where Intel Corp., EMC Corp. and GoPro Inc. are among companies scheduled to participate. Through 08/11 in Vail, Colorado.

-Jefferies Industrials Conference. Eastman Chemical Co., Honeywell International Inc. and Boeing Co. are among companies scheduled to participate in the conference. Through 08/13 in New York.

-Congressional recess. The U.S. House of Representatives and Senate are out of session through Sept. 7.

-U.S. government bond auctions, Fed debt purchases. Click here for schedule.

-U.S. initial public stock offerings. Click here for schedule.

-ECONOMY: U.S. labor market conditions index (July), U.S. mortgage delinquencies (week of Aug. 10, second quarter), Bank of France business sentiment (July), Portugal trade balance (June)

-CENTRAL BANKS: Bank of Israel publishes minutes of latest rate meeting.

-EARNINGS: Sysco Corp., Endo International Plc, Kraft Heinz Co., Noble Group Ltd., AES Corp., CenterPoint Energy Inc., International Flavors & Fragrances Inc.


-South African Reserve Bank Governor Lesetja Kganyago delivers the keynote speech at a Reuters event in Johannesburg. 07:30 (01:30 EDT).

-OPEC Monthly Oil Market Report, including July production figures from Saudi Arabia and Iran, will be released at about 12:45 in Vienna (06:45 EDT).

-Final results for the third level of the Chartered Financial Analyst June exam will be posted on the CFA Institute’s website at about 09:00. Preliminary results had been prematurely posted on July 29.

-The U.S. Energy Information Administration publishes its Short-Term Energy Outlook with forecasts for oil, natural gas, power prices and supply. Noon in Washington.

-Oppenheimer Technology, Internet & Communications Conference. AT&T Inc., Verizon Communications Inc. and Juniper Networks Inc. are among companies scheduled to participate in the conference. Through 08/12 in Boston.

-JPMorgan Auto Conference. LKQ Corp. Chief Executive Officer Rob Wagman, BorgWarner Inc. Chief Financial Officer Ronald Hundzinski and Delphi Automotive Plc CEO Kevin Clark are among scheduled speakers. Through 08/12 in New York.

-ECONOMY: U.S. NFIB small business optimism (July), U.S. nonfarm productivity (second quarter), U.S. wholesale inventories (June), Canada housing starts (July), Mexico industrial production (June), Germany Zew index (Aug.), Russia may report GDP (second quarter), Singapore GDP (second quarter), Turkey current account balance (June), Israel trade balance (July), South Africa manufacturing (June)

-CENTRAL BANKS: Bank of Portugal releases data on banks, Zambia rate decision

-EARNINGS: Computer Sciences Corp., Symantec Corp., Tata Steel Ltd., Hindustan Petroleum Corp., Fossil Group Inc., Prudential Plc


-The International Energy Agency issues its monthly Oil Market Report with the latest forecasts for global oil supply and demand. 10:00 in Paris (04:00 EDT).

-The U.S. Energy Information Administration releases its U.S. oil inventory report. 10:30 in Washington.

-World Agricultural Supply & Demand Estimates are issued by the U.S. Department of Agriculture. Noon in Washington.

-Houlihan Lokey IPO. The independent merger-advisory firm targets a valuation of as much as $1.57 billion, with current investors seeking to raise up to $313 million by selling shares at $22 to $24 each. The company plans to list on the New York Stock Exchange under the ticker HLI.

-NFL and Brady. A judge set a settlement conference for today over the National Football League’s four-game suspension of New England Patriots quarterback Tom Brady. The league concluded Brady was probably aware that team staffers deflated game balls below the minimum air pressure at last season’s conference championship game. The NFL then sued to confirm Brady’s suspension, while the Players Association filed its own lawsuit to reverse it. 11:00 in Manhattan federal court.

-ECONOMY: U.S. MBA mortgage applications (weekly), U.S. JOLTS job openings (June), U.S. budget statement (July), Brazil retail sales (June), U.K. wages and unemployment rate (June), Portugal CPI (July), euro-area industrial production (June), Russia may report GDP (second quarter), China retail sales, industrial production, fixed-asset investment (July)

-CENTRAL BANKS: Mexico quarterly inflation report, Georgia rate decision

-EARNINGS: Macy’s Inc., Cisco Systems Inc., News Corp., Alibaba Group Holding Ltd., Balfour Beatty Plc, EON SE, Marfrig Global Foods SA, Tencent Holdings Ltd., Henkel AG, Gerdau SA, Hong Kong Exchanges & Clearing Ltd., Commonwealth Bank of Australia


-The World Gold Council releases its Gold Demand Trends report for the second quarter. 05:00 in London (00:00 EDT).

-The European Central Bank publishes an account of its July 16 monetary policy meeting, where it kept its benchmark rate at a record-low 0.05 percent. 13:30 CET (07:30 EDT) in Frankfurt.

-Retail sales in the U.S. probably rebounded in July after a broad-based setback a month earlier, helped in part by more motor vehicle purchases, economists project the Commerce Department will report. 08:30 in Washington.

-The U.S. Energy Information Administration releases its natural gas inventory report. 10:30 in Washington.

-Samsung Electronics Co.’s “Galaxy Unpacked” event. The world’s biggest smartphone maker is due to unveil its next Note device and a larger S6 Edge phone at the event. 11:00 in New York.

-Classic car auction. A 1998 McLaren F1 sports car estimated at more than $12 million is among 30 automobiles being auctioned by RM Sotheby’s. Monterey, California.

-ECONOMY: U.S. import prices (July), U.S. jobless claims (weekly), Bloomberg U.S. consumer comfort (weekly), U.S. business inventories (June), Canada new housing price index (June), Germany CPI (July, final), U.K. RICS house prices (July), Greek GDP (second quarter), Malaysia GDP (second quarter), South Africa mining production (June)

-CENTRAL BANKS: Mexico meeting minutes (July), Chile rate decision, Peru rate decision, Serbia rate decision, Philippines rate decision

-EARNINGS: Advance Auto Parts Inc., Nordstrom Inc., Applied Materials Inc., Kohl’s Corp., Nestle SA, ThyssenKrupp AG, A.P. Moeller-Maersk A/S, RWE AG, K+S AG, JBS SA, Genting Singapore Plc, TUI AG, Telstra Corp, Lenovo Group Ltd.

-Golf. The PGA Championship, the season’s fourth and final major tournament, tees off at Whistling Straits in Kohler, Wisconsin. Through 08/16.


-Japanese Prime Minister Shinzo Abe is expected to make a statement to mark the 70th anniversary of Japan’s defeat in World War II, which will be closely watched by nations including China and South Korea, who have called for him to reiterate past apologies for the war. Time to be determined.

-South Korean President Park Geun Hye will deliver a speech on Liberation Day commemorating Japan’s surrender in World War II and the end of its colonial rule over Korea.

-Euro-area gross domestic product. The area’s economy is forecast to expand 0.4 percent in the second quarter, according to Bloomberg’s most recent poll. 11:00 in Luxembourg (05:00 EDT).

-Turkey’s central bank publishes a survey of expectations for the economy for August. 14:30 in Ankara (07:30 EDT).

-Britain’s main opposition Labour Party begins the process of voting for a new leader with the distribution of ballot papers. Anti-austerity, pro-nationalization candidate Jeremy Corbyn has gained support, polls indicate, though health spokesman Andy Burnham has the shortest odds with bookmakers. Results will be announced Sept. 12.

-U.S. industrial production probably increased in July, just the second advance this year, economists project the Federal Reserve will report. Output at factories has been restrained by weaker capital spending, a stronger dollar and tepid overseas economies. 09:15 in Washington.

-Consumer sentiment in the U.S. probably improved in August, economists forecast the University of Michigan’s preliminary index will show. Through July, the gauge has held above 90 for eight straight months, the longest such stretch since a 17-month period ended in early 2005 and a sign Americans’ optimism is holding up. 10:00 in Washington.

-U.S. Secretary of State John Kerry will lead a flag-raising ceremony at the country’s embassy in Havana after Presidents Raul Castro and Barack Obama agreed to restore diplomatic relations cut five decades ago.

-Baker Hughes Rig Count for oil and gas rigs in the U.S. 13:00 EDT.

-ECONOMY: U.S. producer prices (July), Canada manufacturing sales (June), Argentina inflation (July), euro-area CPI (July, final), Portugal GDP (second quarter), France GDP (second quarter), Germany GDP (second quarter), Dutch GDP (second quarter), Italy GDP (second quarter), Czech GDP (second quarter), Hungary GDP (second quarter), Slovakia GDP (second quarter), Poland GDP (second quarter), Hong Kong GDP (second quarter), Taiwan GDP (second quarter), Israel CPI (July)

-CENTRAL BANKS: Colombia meeting minutes (July), Uganda rate decision

-EARNINGS: Solarworld AG, Daewoo Shipbuilding & Marine Engineering Co., Steel Authority of India Ltd., Bharat Petroleum Corp., Sands China Ltd., China Eastern Airlines Corp.

-SOVEREIGN RATING UPDATES: Angola (S&P), Armenia (Moody’s), Congo (S&P), Denmark (Fitch), Kuwait (S&P), Slovakia (Fitch)


-People around the world will commemorate the 70th anniversary of Japan’s surrender in World War II. In Japan, Emperor Akihito and Prime Minister Shinzo Abe will give speeches at a ceremony in Tokyo, while China and South Korea will be watching to see if Abe or any of his ministers visit a Tokyo war shrine seen as a symbol of Japan’s past aggression in Asia.


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