US 0830 ET Weekly initial unemployment claims expected -106,000 to 1.000 million, previous +135,000 to 1.106 million. Weekly continuing claims expected -444,000 to 14.400 million, previous -636,000 to 14.844 million.
0830 ET Revised Q2 GDP expected -32.5% (q/q annualized), previous -32.9% (q/q annualized). Q2 personal consumption expected -34.2%, previous -34.6%. Q2 GDP price index expected unrevised at -1.8% (q/q annualized). Revised Q2 core PCE deflator expected unrevised at +1.1% (q/q annualized).
0910 ET Fed Chair Powell speaks on the first day of the 2-day Kansas City Fed’s annual policy symposium (virtual) on the topic of the Fed’s new policy framework.
1000 ET Jul pending home sales expected +2.0% m/m, Jun +16.6% m/m and +12.7% y/y.
1100 ET Aug Kansas City Fed manufacturing activity index expected +2 to 5, Jul +2 to 3.
1130 ET Treasury auctions $22 billion of 2-year floating-rate notes.
1230 ET Richmond Fed President Thomas Barkin (non-voter) speaks to the Maryland Chamber of Commerce.
1300 ET Treasury auctions $47 billion of 7-year T-notes
JAPAN 0030 ET Japan Jun all-industry activity index expected +6.3% m/m, May -3.5% m/m.
0200 ET Final-Aug Japan Jul machine tool orders, prelim-Aug -31.1% y/y.
1930 ET Aug Tokyo CPI expected +0.6% y/y, Jul +0.6% y/y. Aug Tokyo CPI ex fresh food and energy expected +0.4% y/y, Jul +0.6% y/y.
FRANCE 0245 ET France Aug business confidence index expected +3 to 88, Jul +7 to 85.
EUR 0400 ET Eurozone Jul M3 money supply expected +9.2% y/y, Jun +9.2% y/y.
1150 ET ECB Chief Economist Philip Lane speaks on a virtual panel on “Navigating the Decade Ahead: Implications for Monetary Policy.â€
ITALY 0400 ET Italy Jun industrial sales, May +41.9% m/m and -25.9% y/y. Jun industrial orders, May +42.2% m/m and -34.7% y/y.
UK 1901 ET UK Aug Lloyds business barometer, Jul +8 to -22.
