Economic calendar

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FXstreet.com: Economic Calendar. All the info one needs to stay in touch with the events that will move the market.

Durable goods orders: soft in June, transportation orders slowed
July consumer sentiment: unchanged at depressed levels Pending home sales rose 7.1% mom in April, only to fall back by 4.7% in May. Against this background, existing home sales recovered to 4.99m in May. However, as pending sales lead existing sales by 1 to 2 months, the April spike is likely to appear in the June sales numbers as well. So we expect existing home sales slightly higher at about 5.0m. In contrast, new home sales probably continued their downward trend. Housing starts and

German ifo business climate (July): down
RBS PMI manufacturing indices Germany and EMU (July): down M3 growth (May): marginally slower at 10.4% yoy In July , the German ifo business climate index will probably have continued deteriorating. The US ISM manufacturing index improved slightly, but the German ZEW economic sentiment plummeted. Moreover, the euro has remained strong and the German yield spread has deteriorated recently, as long-term interest rates have gone down and short-term ones up. The crude oil price has soared and the
Week of 7/21/2008 thru 7/25/2008
Monday, July 21, 2008 Economic 10:00am June Leading Indicators (last 0.1%) 11:00am Treasury note announcement Events 1:00pm Treasury's Ryan speaks on capital markets. Trades Ex-dividend: BK $0.24, ANH $0.29, PSD $0.25, GBX $0.08. Earnings Before the Open: ALDN, AME, ASTE, BAC , CACH, CRNT, DSL, GBE, HAS , HIFN, RX, MRK, NVR, PETS, RPM, SAY, SGP , UB, WFT. After the Close: ALB, AMLN, AAPL , ARTC, BSX, CNI, CX, EXP, EFX, RE, FNB, FWRD, HPC, HXL, LNCR, LOGI, MSPD, MHK, OMCL, OMI, PKG, PGI, QLGC,
PPI and CPI surge on energy in June, core rates remain moderate
Tax rebates keep boosting retail sales, drop in auto sales curbs increase Industrial production remained unchanged at best, manufacturing activity slows Mr. Bernanke testifies before Congress, will signal no intention to change rates soon Energy prices kept rising strongly in June, albeit at a less frantic pace than in the months before. However, as the PPI seems to reflect movements in commodity prices with a time lag, we expect overall producer prices to rise roughly at the same rate as in
German ZEW economic sentiment is likely to have deteriorated in July
EMU industrial production is expected to have decreased significantly in May HICP inflation in the euro area will probably be confirmed at 4.0% yoy for June In July , the German ZEW economic sentiment will probably have deteriorated for the fourth consecutive time. The US ISM manufacturing index improved slightly, but the correlated ifo indicators plummeted. Moreover, the euro has remained strong and the German yield spread has deteriorated recently, as long-term interest rates have gone down
Week of 7/14/2008 thru 7/18/2008
Monday, July 14, 2008 Economic None Seen Events 10:00am Fed Governors vote on mortgage rules in open meeting. Merrill Lynch Samurai Conference New York. SEMICON West 2008semiconductor trade show. Trades Ex-dividend: MGRC $0.20, ZEP $0.04,ALG $0.06, AM $0.12, BSET $0.75. Earnings Before the Open: MTB. After the Close: ELS, DNA , JBHT , NVLS, STLY. Tuesday, July 15, 2008 Economic 8:30am June PPI (last m/m 1.4%, y/y 7.2%, ex food & energy last m/m 0.2%,y/y 3.0%), June Advanced Retail Sales
UMI consumer sentiment could remain at a long-term low in July
The trade deficit is likely to have risen noticeably again due to the surge in import prices Pending home sales rebounded unexpectedly in April by 6.3% mom, thus almost making up for their decline from November to March. However, the improvement could have been due to seasonal factors, and as the deterioration in the housing market is far from over, we expect pending home sales to have fallen back noticeably by 4% mom in May. Wholesale inventories went up by 1.3% mom in April, partly because
Output in the German producing sector might have remained unchanged in May
Despite the fact that the correlated ifo indicators improved, output in the German producing sector is likely to have declined in May , because industrial new orders dropped for the sixth time in a row. The German trade balance might have decreased in May too, after having gone up unexpectedly the previous month. Similarly, the German current account is likely to have deteriorated too. After its surprising increase in April, French industrial production probably suffered a setback in May,
7-11 July 2008
The Weekly Overview shows significant economic events during the Week 07 July – 11 July 2008
Week of 7/7/2008 thru 7/11/2008
Monday, July 07, 2008 Economic 11:00am Treasury's 10-year TIPS announcement Events 11:00am Fed's Yellen speaks about US economic outlook in San Diego. Trades Ex-split: PDO 5-4, YZC 5-1. Trades Ex-dividend: BBV $0.216. Earnings Before the Open: MERX. After the Close: None seen. Tuesday, July 08, 2008 Economic 10:00am May Pending Home Sales m/m (last 6.3%), May Wholesale Inventories (last 1.3%) 3:00pm May Consumer Credit (last $8.9B) Events 8:30am Fed Chairman Bernanke speaks about mortgage
July 2008 Calendar - Update
July 2008 Calendar
July 2008

June ISM indices are likely to have deteriorated
Non-farm payrolls could have declined sharply by 80k in June The ISM manufacturing index had improved somewhat in May, albeit remaining below the expansion threshold. But the regional manufacturing indices published so far in June have all been weaker, indicating that the ISM manufacturing index will have declined markedly to 47.8. The Chicago PMI , which had also improved in May, could have fallen as well, to about 48.5. In contrast to its manufacturing counterpart, the ISM non-manufacturing
The flash estimate for June could show EMU inflation increasing to 3.9 % yoy
German adjusted unemployment could have fallen by 20k in June German industrial new orders might have remained unchanged in May German retail sales could have remained stable in May ECB set to raise refi rate to 4.25% The Eurostat flash estimate is likely to show that euro area inflation has accelerated to a new record of 3.9% yoy in June . This would correspond with a monthly increase of 0.3% in unadjusted terms. As in Germany, the monthly inflation rate will have been mainly due to record
Week of 6/30/2008 thru 7/4/2008
Monday, June 30, 2008 Economic 9:45am June Chicago Purchasing Manager (last 49.1) 10:00am June NAPM-Milwaukee (last 45) Events Bank of America Bond Insurers Conference. SNI added to the S&P 500 after the close .FFIN and SSP added to the S&P 600 after the close. TradesEx-dividend: AGNC $0.31, FRP $0.258, BBD $0.08, BNS $0.495, CAE $0.20. Earnings Before the Open: LPHI, RBN, UDW. After the Close: HRB , HMX. Tuesday, July 01, 2008 Economic 10:00am June ISM Manufacturing (last 49.6), June
June consumer confidence indices are likely to decline further from long-time lows
Durable goods orders could have risen slightly in May due to transportation FOMC is likely to leave the fed funds rate unchanged, placing more emphasis on inflation risks The Conference Board’s consumer confidence fell from 62.8 to 57.2 in May, only about half the level of the last cyclical high in July 2007. Given the sharp rise in the unemployment rate from 5.0 to 5.5% in May, we expect consumer confidence to fall to about 55.0 in June. We already know that the University of Michigan’s (UMI)
The German ifo business climate is expected to have deteriorated in June
The June RBS PMI manufacturing indices for Germany and the EMU could decrease too CPI inflation in Germany is likely to have accelerated slightly to 3.2 % yoy in June M3 growth will probably have fallen to 10.3% yoy in May The German ifo business climate index is likely to have deteriorated by at least 0.5% in June , after having soared unexpectedly in May. The US ISM manufacturing index improved recently, but the German ZEW economic sentiment dropped. The euro has depreciated somewhat and the
Week of 6/23/2008 thru 6/27/2008
Monday, June 23, 2008 Economic None Seen Events UBS Taiwan Conference. Wachovia Nantucket Equity Conference. Trades Ex-dividend: FLS $0.25, KBALB $0.16, TS $0.50. Earnings Before the Open: WAG . After the Close: None seen. Tuesday, June 24, 2008 Economic 9:00am April S&P/CS Home Price Index (last 172.2), April S&P/CS Composite-20 y/y (last –14.4%) 10:00am June Consumer Confidence (last 57.2), June Richmond Fed ManufacturingIndex (last -3), April Housing Price Index m/m (last –0.4%)
HICP inflation in the euro area will probably be revised up to 3.7% yoy for May
German ZEW economic sentiment is likely to have improved somewhat in June The German ZEW economic sentiment is likely to have improved somewhat in June , just as the correlated ifo indicators and the US ISM manufacturing index recently did. Moreover, the euro has depreciated somewhat and the German yield spread has improved, as long-term interest rates have gone up more than short-term ones. However, the crude oil price has soared and the DAX performance index has decreased recently. According
First regional June PMIs are likely to remain in negative territory
Producer price inflation could have accelerated in May, particularly due to energy Housing starts and permits will probably have corrected downwards in May Industrial production and leading indicators could have stagnated in May After having rebounded in April, the New York Empire manufacturing index had fallen below the expansion threshold again in May. As the latest Beige Book stated that manufacturing activity had weakened in the New York area, we expect the New York Empire index to
Week of 6/16/2008 thru 6/20/2008
Monday, June 16, 2008 Economic 8:30am June Empire Manufacturing (last –3.2) 9:00am April Net Long-Term TIC Flows (last $80.4B), April Total Net TIC Flows (last –48.2B) 1:00pm June NAHB Housing Market Index (last 19) Events 10:00amFed Chairman Bernanke speaks at Senate Finance Committee Health Summit.1:00pm Fed's Lacker speaks on economic outlook in South Carolina. Edison Electric Institute Annual Convention. Merrill Lynch IndiaInvestor Forum. UBS Australian Resources and Energy Conference.
Trade deficit could have risen in April, partly due to higher import prices
Sharp rise in import and consumer prices in May will have been mainly due to energy High gasoline prices will have supported otherwise weak retail sales in May Pending home sales fell by 1.0% mom in March – a new cyclical low and 35% below the peak in April 2005. Partly due to the increase in foreclosures, we expect pending home sales to have continued declining in April, by about 1.0% mom. According to the Mortgage Bankers Association, the share of mortgages entering foreclosure reached
09 June – 13 June 2008
The Weekly Overview shows significant economic events during the Week 09 June – 13 June 2008
Week of 6/9/2008 thru 6/13/2008
Monday, June 09, 2008 Economic 10:00am April Pending Home Sales m/m (last –1%) 11:00am Treasury's 10-year note announcement Events 12:15pmFed's Geithner speaks about the economy in New York. 5:00pm Fed'sRosengren speaks at banking conference. 8:15pm Fed Chairman Bernankespeaks at Boston Fed conference. 8:30am FDA Pediatric EthicsSubcommittee meeting. Deutsche Bank Media and Telecom Conference.Goldman Sachs Global Healthcare Conference. Piper Jaffray ConsumerConference. Susquehanna India
EMU industrial production is expected to have increased slightly in April
French industrial production probably rebounded slightly in April, as French production expectations had improved. However, I talian industrial production might have remained unchanged at best in April, as most of the correlated climate indicators deteriorated. EMU industrial production could have increased somewhat in April , just like the average of the corresponding national figures. Q1 Italian GDP is not likely to be revised significantly. The detailed breakdown of the GDP components will
June 2008

Non-farm payrolls could have declined again by about 60k in May
ISM manufacturing index will have remained more or less unchanged in May ISM non-manufacturing index is likely to have fallen below 50 in May The results of the first regional manufacturing surveys for May have been mixed so far: the New York Empire manufacturing index deteriorated somewhat to –3.2 from 0.6 in April, but the Philadelphia Fed index bounced back to –15.6 from –24.9. The Richmond Fed Manufacturing Index was down 3 points. We expect the ISM manufacturing index to have deteriorated
ECB set to keep refi rate unchanged
German industrial new orders will probably have decreased in April Output in the German producing sector might have improved slightly in April German industrial new orders probably decreased in April, as the correlated climate indicators had deteriorated. However, output in the German producing sector might have increased slightly in April, due to a rebound in construction activities. The RBS purchasing managers’ indices for the German and the EMU manufacturing sector for May are not likely to
Week of 6/2/2008 thru 6/6/2008
Monday, June 02, 2008 Economic 10:00am May ISM Manufacturing (last 48.6), May ISM Prices Paid (last 84.5), April Construction Spending m/m (last –1.1%) Events 4:00am Treasury's Paulson speaks on open investment in Abu Dhabi. 12:20pm Fed's Lockhart to speak on economy in Jacksonville. Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference. RBCEnergy Conference. S&P Insurance Conference. EXEL InvestorBriefing. Trades Ex-split: ATLS 3-2, IPAR 3-2. Trades Ex-dividend: SLB$0.21, BF.B
June 2008 Calendar - Update
June 2008 Calendar
Consumer confidence is likely to fall further in May despite the tax checks
Durable goods orders could have declined again in April PCE core deflator will probably only have gone up slightly in April As the graph shows, the Conference Board’s consumer confidence declined more than the University of Michigan’s (UMI) consumer sentiment in the first months of 2008, particularly due to the deterioration in labour market conditions, which play a major role in the Conference Board survey. Consumer confidence is likely to continue falling in May, from 62.3 to 60.0 , as the
CPI inflation in Germany is likely to have accelerated to 3.0 % yoy in May
The flash estimate for May could show EMU inflation increasing to 3.6 % yoy German adjusted unemployment could have remained stable in May M3 growth probably stayed at 10.3% yoy in April German retail sales might have rebounded in April EMU industrial confidence and economic sentiment will probably have improved in May As from Tuesday, the German Länder will start publishing regional CPI data for May. Subsequently, the preliminary results for national German CPI in May will be released. We
Week of 5/26/2008 thru 5/30/2008
Monday, May 26, 2008 Economic None Seen Events Bond and equity markets are closed for the Memorial Day holiday. Earnings Before the Open: None. After the Close: None. Tuesday, May 27, 2008 Economic 9:00am March S&P/CS Home Price Index (last 175.9), March S&P/CSComposite-20 y/y (last –12.7%), Q1 S&P/CS Housing Price Index (last170.6, y/y –8.9%) 10:00am May Consumer Confidence (last 62.3), May Richmond Fed ManufacturingIndex (last 0), April New Home Sales (last 526K, m/m –8.5%)
19 May - 23 May 2008
The Weekly Overview shows significant economic events during the Week 19 May – 23 May 2008
Leading indicators will still signal economic recession in April
FOMC minutes will include downward revision of the 2008 growth projections Existing home sales are likely to have fallen noticeably again Leading indicators have fallen in eight of the last twelve months, but in March they went up slightly by 0.1% mom, particularly due to the growth in real M2. This component will have had a neutral impact on leading indicators in April, but the stock market recovery and the steepening of the yield curve will have contributed positively, and building permits
German ZEW economic sentiment is likely to have remained unchanged in May
The German ifo business climate is also expected to have remained stable in May The May RBS PMI manufacturing indices for Germany and the EMU could be unchanged too In May , the German ZEW economic sentiment and the German ifo business climate index are likely to have remained more or less stable, given that they had plummeted in April. Most of the correlated ifo indicators have deteriorated, but the US ISM manufacturing index has stabilized recently. The German yield spread has improved
Week of 5/19/2008 thru 5/23/2008
Monday, May 19, 2008 Economic 10:00am April Leading Indicators (last 0.1%) Events 8:00amFDA Conference on the Orphan Drug Act. JMP Securities ResearchConference. JP Morgan Technology Conference. UBS Oil & GasConference. Trades Ex-dividend: MRO $0.24, WAG $0.095, AFL $0.24, STM$0.077, AZ $0.643. Earnings Before the Open: CPB , ELON, EXM, LOW , PWRD. After the Close: GRRF, CNTF, DRYS , NCTY. Tuesday, May 20, 2008 Economic 8:30am April PPI (last m/m 1.1%, y/y 6.9%, ex food & energy last
Week of 5/12/2008 thru 5/16/2008
Monday, May 12, 2008 Economic 2:00pm April Budget Statement (last $177.7B) Events 9:15amFed's Evans speaks about US economic outlook in Illinois. 7:15pm Fed'sLockhart speaks at financial markets conference. AFSA Finance IndustryInvestor's Conference. IEEE Photovoltaic Specialists Conference.International Financial Services Association Trade Conference.SourceMedia CTST Conference. UBS Global Financial Services Conference.Trades Ex-dividend: NE $0.04, ED $0.585, CFC $0.15, FO $0.42. Earnings
Sharp rise in import and consumer prices will have been mainly due to energy in April
High gasoline prices will contribute to decline in consumer sentiment, but support retail sales The first two May manufacturing surveys are likely to show ongoing contraction Industrial production could have declined in April, given the drop in working hours Housing starts and building permits are expected to have fallen further in April The Congressional Budget Office (CBO) estimates that the usual April budget surplus will have reached $160bn this year , a good $17bn less than last year.
German GDP is expected to have soared in Q1
EMU and French GDP are likely to have grown robustly in Q1 EMU industrial production is expected to have decreased slightly in March HICP inflation in the euro area will probably be confirmed at 3.3% yoy for April German GDP will probably have increased by at least 0.7% quarter-on-quarter in Q1 2008. Output in the producing sector and retail sales alone indicate a growth rate of even more than 1%. On 15 May, Destatis (the German Federal Statistical Office) is publishing a “flash release” on

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