Market moving info – week starting July 6, 2015

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting July 6.

Last week:

  • Greek Finance Minister Yanis Varoufakis accused Greece’s creditors of “terrorism” a day before a crucial referendum that is seen by markets as Greeks saying yes or no on whether to remain in the eurozone or exit.
  • Eurozone activity rose at the fastest pace in four years in June, when the final Markit composite eurozone Purchasing Manages’ Index (PMI), which combines manufacturing and services activity, rose to 54.2, its highest reading since May 2011.
  • Chinese stocks have continued their slide despite various measures by regulators to boost equity markets, such as cutting transaction fees and allowing pension funds to invest more in stocks. The Shanghai Composite Index has fallen 25% since mid-June.

This week:

Monday, July 6

Europe:

  • Results of the Greek referendum expected.
  • Eurozone Sentix confidence indicator for June.
  • Eurozone retail PMI data.
  • Germany factory orders for May.
  • Spain industrial output data for May.
  • Switzerland inflation for June.
  • Russian consumer price inflation.

US:

  • Markit services PMI for June.
  • ISM non-manufacturing PMI for June.

Rest of the world:

  • Japan leading indicators for May.
  • Brazil car production and sales for June.
  • Canada PMI for June.
  • Canada business outlook survey.

Corporate events:

  • Q3 2015 Schulman A Inc Earnings Release.
  • Q4 2015 Ocean Power Technologies Inc Earnings Release.

Tuesday, July 7

Europe:

  • Germany industrial production for May.
  • France trade balance for May.
  • France budget deficit for May.
  • UK industrial output, manufacturing production for May.
  • British Retail Consortium shop price index.
  • Switzerland unemployment for June.
  • Romania first-quarter GDP second reading.
  • Hungary industrial output for May.
  • Hungary budget balance for June.
  • Poland foreign exchange reserves for June.

US:

  • Trade balance for May.
  • JOLTS job openings.
  • Red Book.
  • Consumer credit for May.
  • API weekly crude stocks.

Rest of the world:

  • Reserve Bank of Australia interest rate decision.
  • South Africa foreign exchange reserves for June.
  • South Africa business confidence for May.
  • Canada trade balance for May.
  • Japan bank lending for June.
  • Japan current account data for May.

Corporate events:

  • Q1 2015/2016 Marks and Spencer Group PLC Interim Management Statement Release.
  • Q2 2015 API Technologies Corp Earnings Release.

Wednesday, July 8

Europe:

  • Greece T-bills auction.
  • France business confidence for June.
  • UK RICS house prices for June.
  • UK Chancellor George Osborne presents the summer budget.
  • Hungary consumer price inflation for June.
  • Poland central bank interest rate decision.
  • Turkey industrial production data for May.

US

  • Weekly mortgage applications data from the Mortgage Bankers Association.
  • Weekly crude inventories.
  • FOMC minutes.
  • Consumer credit for May.

Rest of the world:

  • Australia unemployment for June.
  • China consumer price inflation for June.
  • Brazil consumer price index for June.
  • Canada building permits for May.
  • Japan core machinery orders for May.
  • Japan foreign bond buying, foreign investments in Japanese stocks.

Corporate events:

  • Q1 2015 Booker Group PLC Trading Statement Release.
  • Full Year 2015 Galliford Try PLC Trading Statement Release.
  • Unite Group PLC Pre-Close Trading Statement Release.
  • Q3 2015 Great Portland Estates PLC Trading Statement Release.
  • Q3 2014/2015 Beneteau SA Sales Release.
  • Q2 2015 Alcoa Inc Earnings Release.
  • Costco Wholesale Corp June 2015 Sales Results.
  • Q3 2015 WD-40 Co Earnings Release.

Thursday, July 9

Europe:

  • Eurozone current account data for the first quarter.
  • Eurozone house prices for the first quarter.
  • Germany trade balance data for May.
  • Netherlands consumer price inflation for June.
  • Greece consumer price inflation for June.
  • Ireland consumer price inflation for June.
  • Bank of England interest rate, quantitative easing decision.
  • Russia central bank foreign exchange reserves data.
  • Czech Republic consumer price inflation for June.
  • Hungary trade balance for May.
  • Russia current account data for the second quarter.

US:

  • Weekly natural gas inventories.
  • Weekly jobless claims.

Rest of the world:

  • South Africa gold, mining production for May.
  • Australia home loans for May.
  • Canada housing starts for June.
  • Canada new house prices for May.
  • Mexico consumer price inflation for June.

Corporate events:

  • Barratt Developments PLC Trading Statement Release.
  • Premier Oil PLC Trading and Operations Update.
  • Associated British Foods PLC Sales Release.
  • Hays PLC Sales Release.
  • Q4 2015 Ashmore Group PLC Assets Under Management Statement Release.
  • Q1 2015/2016 Ubisoft Entertainment SA Corporate Sales Release.
  • June 2015 Gap Inc Corporate Sales Release.
  • Q3 2015 Walgreens Boots Alliance Inc Earnings Release.
  • Q2 2015 PepsiCo Inc Earnings Release.
  • Q1 2016 Barracuda Networks Inc Earnings Release.

Friday, July 10

Europe

  • France current account balance for May.
  • France industrial production data for May.
  • Italy industrial production for May.
  • Portugal consumer price inflation for June.
  • UK trade balance for May.
  • UK construction output for May.
  • Russia trade balance for May.
  • Turkey current account data for May.
  • Romania consumer price inflation for June.
  • Romania industrial production data for May.

US

  • Wholesale inventories for May.
  • Fed Chair Janet Yellen speaks on the economic outlook in Cleveland.

Rest of the world:

  • Japan household confidence for June.
  • India industrial production for May.
  • Canada unemployment for June.
  • Mexico industrial production for May.

Corporate events:

  • None of note.