Retail Sales, Trump’s Speech, Valeant, Rio: Week Ahead Aug. 6-13by , , and
Earnings reports include Deutsche Telekom, Alibaba, Disney
U.S. air traffic; India rate decision; hurricane update; NFL
U.S. retail sales probably kept climbing in July after the strongest quarterly advance for consumer spending since the end of 2014, figures this week are projected to show.
Valeant Pharmaceuticals International Inc., the drugmaker struggling with debt and short-seller pressure, releases earnings. Follow the TOPLive blog for real-time coverage here.
Republican presidential candidate Donald Trump, seeking to right his campaign after a series of stumbles coming out of the party’s convention last month, plans a major economic policy speech in Detroit.
Petroleo Brasileiro SA, Deutsche Telekom AG, Walt Disney Co., Prudential Plc, Toshiba Corp., Munich Re and News Corp. are among companies announcing earnings in the coming week. Check LIVE <GO> for conference-call coverage. For an expanded weekly list of companies announcing earnings, click here.
India, Mexico and South Korea are among countries setting monetary policy.
The 2016 Summer Olympics formally get under way with medal events in gymnastics, table tennis and swimming scheduled this week in Rio de Janeiro. Through Aug. 21.
Saturday, Aug. 6
- U.S. President Barack Obama departs for a scheduled two-week vacation on Martha’s Vineyard in Massachusetts. Through Aug. 21.
- The Pro Football Hall of Fame inducts its eight-member class of 2016, including quarterback Brett Favre and coach Tony Dungy. 19:00 in Canton, Ohio.
Sunday, Aug. 7
- United Nations General Secretary Ban Ki-moon visits Argentina in a push to normalize relations with international organizations such as the Organization for Economic Co-operation and Development and International Monetary Fund. Through Aug. 9.
- Thais vote for the first time in more than two years in a referendum on a new constitution backed by the ruling junta. Polls are open from 08:00 Bangkok time (21:00 EDT on Aug. 6) to 16:00. The official results are expected to take three days.
- Pacific Crest Securities hosts its 18th Annual Global Technology Leadership Forum through Aug. 9 in Vail, Colorado. Texas Instruments Inc. Chief Executive Officer Rich Templeton will deliver the keynote address on Aug. 8 at 12:05 local time (14:05 EDT).
- ECONOMY: China foreign reserves (July), Israel foreign-currency balance (July).
- The National Football League’s preseason schedule begins with the Hall of Fame Game between the Green Bay Packers and Indianapolis Colts in Canton, Ohio. 20:00 EDT.
Monday, Aug. 8
- Emperor Akihito of Japan is set to broadcast a message to the nation, following reports that he has expressed a wish to abdicate within the next few years. Akihito, 82, has undergone a heart bypass and prostate surgery. Timing to be announced.
- U.S. Republican presidential candidate Donald Trump plans to deliver a speech on economic policy to the Detroit Economic Club, a forum that has been used by other candidates. The event is at noon EDT.
- United Continental Holdings Inc., Spirit Airlines Inc. and Southwest Airlines Co. release July 2016 sales and revenue traffic results.
- U.S. government bond auctions, Fed debt purchases. Click here for the schedule.
- U.S. initial public stock offerings. Click here for the schedule.
- CENTRAL BANKS: Bank of Japan releases summary of opinions from July meeting, Bank of Israel minutes.
- ECONOMY: U.S. labor market conditions index (July); Chile inflation (July); China trade balance (July); Japancurrent account (June) and economy watchers survey (July); South Africa business confidence index (July); Turkey industrial production (June); Germany industrial production (June); France business sentiment (July); Czech industrial output (June); Hungary budget balance (July); Ukraine CPI (July).
- EARNINGS: Allergan Plc and Tyson Foods Inc. are among companies reporting results. For an expanded list of companies announcing earnings today, click here.
- ENERGY/COMMODITIES: U.S. Agriculture Department crops data (weekly), China commodity trade data (July).
Tuesday, Aug. 9
- Turkish President Recep Tayyip Erdogan visits Russian counterpart Vladimir Putin in St. Petersburg. Timing to be determined.
- South Korean President Park Geun Hye’s ruling Saenuri party will hold a national convention to elect its leader amid a rift between Park loyalists and critics who want a fresh start.
- Brazil’s Senate votes on opening the impeachment trial against President Dilma Rousseff.
- Oppenheimer hosts its 19th Annual Technology, Internet & Communications Conference. AT&T Inc., Cirrus Logic Inc. and T-Mobile are scheduled to deliver presentations. In Boston through Aug. 10.
- Jefferies’s 2016 Industrials Conference features presentations by Honeywell International Inc. and Boeing Co. Through Aug. 11 in New York City.
- JPMorgan’s annual Auto Conference gathers auto-industry leaders to speak to institutional and credit investors. Presenters include General Motors Co. and Ford Motor Co. Through Aug. 10 in New York City.
- American Airlines Group Inc. releases July traffic and revenue results.
- CENTRAL BANKS: Rate decisions in India and Zambia.
- ECONOMY: NFIB U.S. small-business optimism index (July), wholesale inventories (June) and productivity/labor costs (second quarter); Canada housing starts (July); Brazil retail sales (June); Mexico inflation (July); China inflation (July); Germany trade balance (June); U.K. industrial production and trade balance (both for June) and NIESR GDP estimate (July); Hungary CPI (July); Czech CPI (July).
- EARNINGS: Valeant Pharmaceuticals International Inc. and Walt Disney Co. are among companies reporting results. For an expanded list of companies announcing earnings today, click here.
- ENERGY/COMMODITIES: EIA short-term energy outlook (July).
Wednesday, Aug. 10
- Argentina President Mauricio Macri will give Buzzfeed an interview on Facebook Live at 11:00 EDT.
- The final results for the third level of the Chartered Financial Analyst June exam will be posted on the CFA Institute’s website after 09:00 EDT. Level III results will be e-mailed the day before on Aug. 9.
- JetBlue Airways Corp. releases July traffic and revenue results.
- ECONOMY: U.S. MBA mortgage applications (weekly), job openings (June) and budget statement (July); Russia CPI (weekly); Brazil IPCA inflation (July); China money supply (July) anytime Aug. 10-15; South Korea unemployment (July), money supply (June) and household lending (July); Japan machinery orders (June); Ghana CPI (July); Egypt CPI (July); French industrial production (June); Romania CPI (July); Russia weekly CPI (Aug. 8); Belarus CPI (July).
- EARNINGS: Shake Shack Inc., Prudential Plc and Sun Life Financial Inc. are among companies reporting results. For an expanded list of companies announcing earnings today, click here.
- ENERGY/COMMODITIES: Bloomberg survey of analysts’ expectations on natural gas volume (weekly), EIA Petroleum Status report (weekly) with real-time coverage on the TOPLive blog here, OPEC oil market report (July).
Thursday, Aug. 11
- The India International Gold Convention is held in Agra. Speakers include Adam Lawrence, chief executive officer of The Royal Mint Ltd., Amar Singh, an executive director at JPMorgan and Bart Melek, head of global commodity strategy at TD Securities. Through Aug. 14.
- The U.S. National Weather Service will update its Atlantic Hurricane forecast as the season enters the start of its most active phase. Approximately 11:00 EDT from College Park, Maryland.
- CENTRAL BANKS: Rate decisions in Mexico, Chile, Peru, New Zealand, Philippines, South Korea and Serbia.
- ECONOMY: U.S. jobless claims and Bloomberg consumer comfort (both weekly) and import-price index (July); Mexico industrial production (June); South Africa mining output and manufacturing production (both for June); Turkey current-account balance (June); Israel trade balance (July); U.K. RICS house price balance (July); Russia GDP (second quarter) and trade balance (June); Estonia GDP (second quarter); Romania industrial output (June).
- EARNINGS: Alibaba Group Holding Ltd., Deutsche Telekom AG and Macy’s Inc. are among companies reporting results. Follow the TOPLive blog here for real-time coverage of Alibaba. For an expanded list of companies announcing earnings today, click here.
- ENERGY/COMMODITIES: Bloomberg survey of analysts’ expectations on natural gas prices (weekly), USDA crop net-export sales (weekly), U.S. EIA natural gas inventory report (weekly), IEA oil market report (July).
Friday, Aug. 12
- U.S. retail sales probably increased for a fourth straight month in July, showing consumers continued to spend after the strongest quarterly advance since 2014, economists project the Commerce Department will report. 08:30 EDT in Washington.
- CENTRAL BANKS: Colombia minutes.
- ECONOMY: U.S. producer-price index (July); business inventories (June) and Michigan consumer sentiment (Aug.); Malaysia GDP (second quarter), China industrial production, retail sales and fixed asset investment (all for July); Euro-area GDP (second quarter); Germany GDP (second quarter); Italy GDP (second quarter); U.K. construction output (June); Romania GDP (second quarter); Hungary GDP (second quarter); Poland GDP (second quarter) and CPI (July); Bulgaria GDP (second quarter); Serbia CPI (July).
- EARNINGS: Toshiba Corp., A.P. Moeller-Maersk A/S and Sands China Ltd. are among companies announcing earnings today. For an expanded list of companies, click here.
- ENERGY/COMMODITIES: Baker Hughes U.S. oil-and-gas rig count (weekly), U.S. CFTC Commitments of Traders (weekly), USDA WASDE supply & demand estimates.
- SOVEREIGN RATING UPDATES: Armenia (Moody’s), Angola (S&P), EFSF (DBRS), ESM (DBRS), Kenya (Moody’s), Kuwait (S&P), Slovakia (Fitch).
Saturday, Aug. 13
- No scheduled events.