Global Weekly Indicators

Summary

Next week The Fed’s members will shed light on US monetary policy: Fed Chair Janet Yellen will give the semi-annual testimony to Senate, and Fed’s James Bullard and Richard Fisher will also deliver speeches on this subject. US economic indicators will include July’s U. Michigan consumer confidence, Philadelphia Fed business activity and June’s retail sales, industrial production, housing starts and buildings permits. In the eurozone, the ECB’s president Mario Draghi will testify to the European Parliament. Moreover, the Governor of the Bank of England will also testify to the House of Commons. Additionally, Jean-Claude Juncker will face the confirmation vote as European Commission President. Economic data in the eurozone will include July’s ZEW survey, June’s final CPI figures and May’s industrial production, trade and current account balance. In China, 2Q14 GDP growth and June’s industrial production and retail sales will be published.

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