Australia:<\/p>\n
Tue: Consumer confidence (Jul), overseas arrivals\/departures (May)<\/p>\n
Wed: Building activity (Q2)<\/p>\n
Thu: Labour force (June)<\/p>\n
International:<\/p>\n
Mon: CN \u2014 International trade (Jun)<\/p>\n
Tue: CN \u2014 GDP (Q2), retail sales, industrial production, infrastructure investment (Jun)<\/p>\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0US \u2014 CPI (Jun)<\/p>\n
Wed: US \u2014 Producer prices (Jun), industrial production (Jun)<\/p>\n
Thu: US \u2014 Retail sales (Jun), house prices (Jul)<\/p>\n
Fri: US \u2014 Housing starts (Jun), consumer sentiment (Jul)<\/p>\n
June jobs and unemployment is the key local data set out this week (Thursday).<\/p>\n
The May numbers were slightly softer than expected, but CBA says Australia’s labour market remains in a “good position”.<\/p>\n
The bank is forecasting 20,000 new jobs were created in in May, with the unemployment rate parked at 4.1%.<\/p>\n
The July consumer confidence figures from the Westpac\/Melbourne Institute survey (Tuesday) will capture sentiment post the RBA’s surprise decision not to cut rates last week.<\/p>\n
Pessimism has been trumping optimism for some time and that is unlikely to change this time around.<\/p>\n
In company news, it’s quarterly production season for the big miners.<\/p>\n
Rio Tinto, Evolution Mining (Wednesday), Aloca, Santos, Yancoal (Thursday) and BHP (Friday) are scheduled to deliver quarterly sales and production updates.<\/p>\n
Internationally, the calendar is busy, particularly in the US and China.<\/p>\n
The most important release is US CPI (Tuesday).<\/p>\n
So far there’s been little impact on inflation from the new tariff regime.<\/p>\n
The inflationary pulse was surprisingly weak in in May but is expected to have rebounded in June.<\/p>\n
However, the real impact of the tariffs \u2014 which after all is GST on imports paid for by US consumers \u2014 is expected to be still months away.<\/p>\n
China has a slew of data out this week, starting with its trade balance later today.<\/p>\n
The NBS releases June quarter GDP on Tuesday, with the economy tipped to grow by a slightly faster 5.1% over the year, supported by government and central bank stimulus.<\/p>\n
China’s monthly data drop \u2014 retail sales, industrial production and fixed asset investment \u2014 for June also comes out at the same time.<\/p>\n
The US June quarter reporting season also kicks off this week, with the big banks being the star attraction.<\/p>\n","protected":false},"excerpt":{"rendered":"Australia: Tue: Consumer confidence (Jul), overseas arrivals\/departures (May) Wed: Building activity (Q2) Thu: Labour force (June) International: Mon:…\n","protected":false},"author":2,"featured_media":7663,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[922,929,931,28,926,919,935,934,112,921,930,7834,7833,923,918],"class_list":{"0":"post-7662","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-asx","9":"tag-australian-dollar","10":"tag-bitcoin","11":"tag-business","12":"tag-dollar","13":"tag-dow-jones","14":"tag-live-blog","15":"tag-live-update","16":"tag-markets","17":"tag-nasdaq","18":"tag-nyse","19":"tag-sp","20":"tag-share-market","21":"tag-stocks","22":"tag-wall-street"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/7662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=7662"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/7662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/7663"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=7662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=7662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=7662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}