The Next Week is entered with Huge Change of Back Drop. The US Sovereign Ratings are cut to AA/+. The Israel Stock Markets opened with a Circuit Halter and ended with about 6 % downside.
This Week the Earlier part, Monday & Tuesday, are field days for US Debt.
Monday : Standard and Poor's releases concerning affected ratings in the funds, government-related entities, financial institutions, insurance, public finance, and structured finance sectors.
This shall include Fannie Mae and Fredie Mac, host of Insurers, Banks , And Pension funds.
This is a Serious Stuff and Investors shall be better off, if they wait for Full Impact.
Tuesdays : FOMC meets and its press statement is ' Generally' expected to Counter the S&P Move.
What FED can Do ? 1) Guidance for Low rates 2) Lower Interest rates 3) Buy Back Programme- QE-3
The Option 2, may undo the market reaction to S&P downgrade.
According to Alan Greenspan, 'the Equity Market shall act negatively. And, the Bottoming out process shall take time.' The Massive impact may usurp latter on, when the Interest Cost will rise and hit the Housing Market.
Value Destruction Phase ?;
It seems that, Intra-markets will have contagion effect shall play out. i.e. Rise in Bonds to Affect equities and fall in Equities and both shall trigger a fall in commodities. The Currency Markets, though will Trigger the Market reactions. All though Gold is perceived to be the Beneficiary, the markets may not play accordingly. It might also be affected in short term.
The Latter Week shall follow the Data and US Results, particularly US Consumer giants and Disney.
In Indian Diaspora : Nifty 50 Changes by 2 companies from 8th, Tuesday
L&T, Mahindra & Mahindra, Tata Coffee, Tata Chemical, Aurbindo Pharma, PTC, on Monday,
J Kumar Infra, ABB , Wockhardt, Tata Comminications, On Tuesday.
On 10th Wednesday,VIP Industries, TATA Power, REC, IOC, Jubillant are Reporting.
11th has Reliance Infra, JP Power, Tata Motors, Zuari, SPIC, Rolta, Reliance Power, etc.
12the Friday : Punj Lloyd, Tech Mahindra, TATA Steel, Gammon, JP Infra, Videocon, BPCL, Reliance Mediaworks, Coal India, etc shall be declaring Result.
The List of Economic data is :
This Week the Earlier part, Monday & Tuesday, are field days for US Debt.
Monday : Standard and Poor's releases concerning affected ratings in the funds, government-related entities, financial institutions, insurance, public finance, and structured finance sectors.
This shall include Fannie Mae and Fredie Mac, host of Insurers, Banks , And Pension funds.
This is a Serious Stuff and Investors shall be better off, if they wait for Full Impact.
Tuesdays : FOMC meets and its press statement is ' Generally' expected to Counter the S&P Move.
What FED can Do ? 1) Guidance for Low rates 2) Lower Interest rates 3) Buy Back Programme- QE-3
The Option 2, may undo the market reaction to S&P downgrade.
According to Alan Greenspan, 'the Equity Market shall act negatively. And, the Bottoming out process shall take time.' The Massive impact may usurp latter on, when the Interest Cost will rise and hit the Housing Market.
Value Destruction Phase ?;
It seems that, Intra-markets will have contagion effect shall play out. i.e. Rise in Bonds to Affect equities and fall in Equities and both shall trigger a fall in commodities. The Currency Markets, though will Trigger the Market reactions. All though Gold is perceived to be the Beneficiary, the markets may not play accordingly. It might also be affected in short term.
The Latter Week shall follow the Data and US Results, particularly US Consumer giants and Disney.
In Indian Diaspora : Nifty 50 Changes by 2 companies from 8th, Tuesday
L&T, Mahindra & Mahindra, Tata Coffee, Tata Chemical, Aurbindo Pharma, PTC, on Monday,
J Kumar Infra, ABB , Wockhardt, Tata Comminications, On Tuesday.
On 10th Wednesday,VIP Industries, TATA Power, REC, IOC, Jubillant are Reporting.
11th has Reliance Infra, JP Power, Tata Motors, Zuari, SPIC, Rolta, Reliance Power, etc.
12the Friday : Punj Lloyd, Tech Mahindra, TATA Steel, Gammon, JP Infra, Videocon, BPCL, Reliance Mediaworks, Coal India, etc shall be declaring Result.
The List of Economic data is :
| Date | Time | Currency | Event | Importance | Actual | Forecast | Previous | Notes |
|---|---|---|---|---|---|---|---|---|
Sun
Aug 7 |  | NZD REINZ Housing Price Index (JUL) | Low | 3229 | ||||
| NZD REINZ Housing Price Index (MoM%) (JUL) | Low | 1.3% | |||||
| NZD REINZ House Sales (YoY) (JUL) | Medium | 14.2% | |||||
| 23:50 |  | JPY Japan Money Stock M2+CD (YoY) (JUL) | Low | 2.9% | ||||
| 23:50 | | JPY Japan Money Stock M3 (YoY) (JUL) | Low | 2.2% | ||||
| 23:50 | | JPY Bank Lending Banks ex-Trust (JUL) | Low | -0.6% | ||||
| 23:50 | | JPY Bank Lending incl Trusts (YoY) (JUL) | Low | -0.6% | ||||
| 23:50 | | JPY Current Account Total (Yen) (JUN) | Low | ¥652.8B | ¥590.7B | |||
| 23:50 | | JPY Adjusted Current Account Total (Yen) (JUN) | Low | ¥961.1B | ¥391.0B | |||
| 23:50 | | JPY Current Account Balance (YoY%) (JUN) | Low | -40.1% | -51.7% | |||
| 23:50 | | JPY Trade Balance - BOP Basis (Yen) (JUN) | Medium | ¥113.1B | -¥772.7B | |||
Mon
Aug 8 | 00:00 | | NZD QV House Prices (YoY) (JUL) | Low | -0.9% | |||
| 00:30 |  | AUD TD Securities Inflation (MoM) (JUL) | Medium | 0.0% | ||||
| 00:30 | | AUD TD Securities Inflation (YoY) (JUL) | Medium | 2.9% | ||||
| 01:30 | | AUD ANZ Job Advertisements (MoM) (JUL) | Low | 3.7% | ||||
| 04:30 | | JPY Bankruptcies (YoY) (JUL) | Medium | 1.5% | ||||
| 05:00 | | JPY Eco Watchers Survey: Current (JUL) | Medium | 50.0 | 49.6 | |||
| 05:00 | | JPY Eco Watchers Survey: Outlook (JUL) | Medium | 49 | ||||
| 05:45 |  | CHF Unemployment Rate (JUL) | Medium | 2.8% | 2.8% | |||
| 05:45 | | CHF Unemployment Rate s.a. (JUL) | Medium | 3.0% | 3.0% | |||
| 06:30 |  | EUR Bank of France Business Sentiment (JUL) | Low | 99 | ||||
| 08:30 | | EUR Euro-Zone Sentix Investor Confidence (AUG) | Medium | 3.4 | 5.3 | |||
| 22:45 | | NZD NZ Card Spending - Retail (MoM) (JUL) | Medium | 0.5% | 1.2% | |||
| 22:45 | | NZD NZ Card Spending (MoM) (JUL) | Medium | 0.5% | 0.8% | |||
| 23:01 |  | GBP BRC Sales Like-For-Like (YoY) (JUL) | Low | -0.5% | -0.6% | |||
| 23:01 | | GBP RICS House Price Balance (JUL) | Medium | -28% | -27% | |||
Tue
Aug 9 | | GBP NIESR Gross Domestic Product Estimate (JUL) | Medium | 0.1% | ||||
 | CNY Actual FDI (YoY) (JUL) | Medium | 2.8% | |||||
| EUR German Wholesale Price Index (MoM) (JUL) | Low | -0.6% | |||||
| EUR German Wholesale Price Index (YoY) (JUL) | Low | 8.5% | |||||
| 01:30 | | AUD Home Loans (JUN) | Medium | 0.8% | 4.4% | |||
| 01:30 | | CNY Producer Price Index (YoY) (JUL) | Medium | 7.5% | 7.1% | |||
| 01:30 | | AUD Investment Lending (JUN) | Low | 4.4% | ||||
| 01:30 | | AUD Value of Loans (MoM) (JUN) | Low | 2.2% | ||||
| 01:30 | | AUD NAB Business Confidence (JUL) | Medium | 0 | ||||
| 01:30 | | AUD NAB Business Conditions (JUL) | Low | 2 | ||||
| 02:00 | | CNY Industrial Production (YoY) (JUL) | Medium | 14.6% | 15.1% | |||
| 02:00 | | CNY Industrial Production YTD (YoY) (JUL) | Medium | 14.3% | 14.3% | |||
| 02:00 | | CNY Consumer Price Index (YoY) (JUL) | Medium | 6.4% | ||||
| 02:00 | | CNY Fixed Assets Inv Excl. Rural YTD (YoY) (JUL) | Medium | 25.5% | 25.6% | |||
| 02:00 | | CNY Retail Sales (YoY) (JUL) | Medium | 17.7% | 17.7% | |||
| 02:00 | | CNY Retail Sales YTD (YoY) (JUL) | Medium | 17.0% | 16.8% | |||
| 05:00 | | JPY Consumer Confidence (JUL) | Medium | 37.0 | 35.3 | |||
| 05:45 | | CHF SECO Consumer Confidence (JUL) | Medium | -5 | -1 | |||
| 06:00 | | EUR German Exports s.a. (MoM) (JUN) | Low | -1.0% | 4.3% | |||
| 06:00 | | EUR German Imports s.a. (MoM) (JUN) | Low | -1.5% | 3.7% | |||
| 06:00 | | EUR German Current Account (euros) (JUN) | Low | 6.9B | ||||
| 06:00 | | EUR German Trade Balance (euros) (JUN) | Medium | 14.0B | 14.8B | |||
| 06:00 | | JPY Machine Tool Orders (YoY) (JUL P) | Medium | 53.5% | ||||
| 06:45 | | EUR French Central Government Balance (euros) (JUN) | Low | -68.4B | ||||
| 08:30 | | GBP Industrial Production (MoM) (JUN) | Low | 0.4% | 0.9% | |||
| 08:30 | | GBP Industrial Production (YoY) (JUN) | Medium | 0.2% | -0.8% | |||
| 08:30 | | GBP Manufacturing Production (MoM) (JUN) | Low | 0.2% | 1.8% | |||
| 08:30 | | GBP Manufacturing Production (YoY) (JUN) | Medium | 2.8% | 2.8% | |||
| 08:30 | | GBP Visible Trade Balance (Pounds) (JUN) | Medium | -£-8100 | -£8478 | |||
| 08:30 | | GBP Trade Balance Non EU (Pounds) (JUN) | Low | -£4800 | -£5109 | |||
| 08:30 | | GBP Total Trade Balance (Pounds) (JUN) | Low | -£3600 | -£4060 | |||
| 11:30 | | JPY Machine Tool Orders (YoY) (JUL) | Medium | 90.8 | ||||
| 12:15 |  | CAD Housing Starts (JUL) | Medium | 195.0K | 197.4K | |||
| 12:30 |  | USD Unit Labor Costs (2Q P) | Low | 2,4% | 0.7% | |||
| 12:30 | | USD Non-Farm Productivity (2Q P) | Low | 1.8% | ||||
| 14:00 | | USD IBD/TIPP Economic Optimism (AUG) | Low | 42.0 | 41.4 | |||
| 18:15 | | USD Federal Open Market Committee Rate Decision (AUG 9) | High | 0.25% | 0.25% | |||
| 23:50 | | JPY BOJ to Publish Minutes of July 11-12 Board Meeting | High | |||||
| 23:50 | | JPY Housing Loans (YoY) (2Q) | Low | 2.7% | ||||
| 23:50 | | JPY Tertiary Industry Index (MoM) (JUN) | Medium | 0.9% | ||||
| 23:50 | | JPY Domestic Corporate Goods Price Index (MoM) (JUL) | Low | 0.0% | -0.1% | |||
| 23:50 | | JPY Domestic Corporate Goods Price Index (YoY) (JUL) | Low | 2.6% | 2.5% | |||
Wed
Aug 10 | | CNY New Yuan Loans (JUL) | High | 633.9B | ||||
| CNY Money Supply - M0 (YoY) (JUL) | Low | 14.4% | |||||
| CNY Money Supply - M1 (YoY) (JUL) | Low | 13.1% | |||||
| CNY Money Supply - M2 (YoY) (JUL) | Low | 15.9% | |||||
| GBP Nationwide Consumer Confidence (JUL) | Medium | 51 | |||||
| 00:30 | | AUD Westpac Consumer Confidence s.a. (MoM) (AUG) | Medium | -8.3% | ||||
| 00:30 | | AUD Westpac Consumer Confidence Index (AUG) | Low | 92.8 | ||||
| 01:30 | | AUD Retail Sales Ex Inflation(QoQ) (2Q) | Medium | |||||
| 02:00 | | CNY Trade Balance (USD) (JUL) | Medium | $27.40B | $22.27B | |||
| 02:00 | | CNY Exports (YoY%) (JUL) | Low | 17.0% | 17.9% | |||
| 02:00 | | CNY Imports (YoY%) (JUL) | Low | 22.0% | 19.3% | |||
| 06:00 | | EUR German Consumer Price Index (MoM) (JUL F) | Medium | 0.4% | 0.4% | |||
| 06:00 | | EUR German Consumer Price Index (YoY) (JUL F) | High | 2.4% | 2.4% | |||
| 06:00 | | EUR German Consumer Price Index - EU Harmonised (MoM) (JUL F) | Medium | 0.5% | 0.5% | |||
| 06:00 | | EUR German Consumer Price Index - EU Harmonised (YoY) (JUL F) | High | 2.4% | 2.4% | |||
| 06:45 | | EUR French Industrial Production (MoM) (JUN) | Low | 2.0% | ||||
| 06:45 | | EUR French Industrial Production (YoY) (JUN) | Low | 2.6% | ||||
| 06:45 | | EUR French Current Account (euros) (JUN) | Low | -5.5B | ||||
| 06:45 | | EUR French Manufacturing Production (MoM) (JUN) | Low | -0.1% | 1.5% | |||
| 06:45 | | EUR French Manufacturing Production (YoY) (JUN) | Low | 6.8% | 5.4% | |||
| 09:30 | | GBP Bank of England Inflation Report | High | |||||
| 11:00 | | USD MBA Mortgage Applications (AUG 5) | Low | |||||
| 14:00 | | USD JOLTs Job Openings (JUN) | Low | 2974 | ||||
| 14:00 | | USD Wholesale Inventories (JUN) | Low | 1.0% | 1.8% | |||
| 14:30 | | USD DOE U.S. Crude Oil Inventories (AUG 5) | Low | |||||
| 14:30 | | USD DOE Cushing OK Crude Inventory (AUG 5) | Low | |||||
| 14:30 | | USD DOE U.S. Distillate Inventory (AUG 5) | Low | |||||
| 14:30 | | USD DOE U.S. Gasoline Inventories (AUG 5) | Low | |||||
| 14:30 | | USD DOE U.S. Refinery Utilization (AUG 5) | Low | |||||
| 18:00 | | USD Monthly Budget Statement (JUL) | Medium | -$140.0B | -$43.1B | |||
| 22:30 | | NZD Business NZ Performance of Manufacturing Index (JUL) | Medium | 54.3 | ||||
| 23:50 | | JPY Machine Orders (MoM) (JUN) | Medium | 1.8% | 3.0% | |||
| 23:50 | | JPY Machine Orders (YoY) (JUN) | Medium | 11.3% | 10.5% | |||
| 23:50 | | JPY Japan Buying Foreign Bonds (Yen) (AUG 5) | Low | |||||
| 23:50 | | JPY Japan Buying Foreign Stocks (Yen) (AUG 5) | Low | |||||
| 23:50 | | JPY Foreign Buying Japan Bonds (Yen) (AUG 5) | Low | |||||
| 23:50 | | JPY Foreign Buying Japan Stocks (Yen) (AUG 5) | Low | |||||
Thu
Aug 11 | 01:00 | | AUD Consumer Inflation Expectation (AUG) | Low | 3.4% | |||
| 01:00 | | NZD ANZ Consumer Confidence Index (AUG) | Low | 109.4 | ||||
| 01:00 | | NZD ANZ Consumer Confidence (MoM) (AUG) | Low | -2.3% | ||||
| 01:30 | | AUD Employment Change (JUL) | High | 23.4K | ||||
| 01:30 | | AUD Unemployment Rate (JUL) | High | 4.9% | ||||
| 01:30 | | AUD Full Time Employment Change (JUL) | Medium | 59.0K | ||||
| 01:30 | | AUD Part Time Employment Change (JUL) | Medium | -35.6K | ||||
| 01:30 | | AUD Participation Rate (JUL) | Low | 65.6% | ||||
| 08:00 | | EUR ECB Publishes Aug. Monthly Report | High | |||||
| 12:30 | | CAD New Housing Price Index (MoM) (JUN) | Low | 0.3% | 0.4% | |||
| 12:30 | | CAD New Housing Price Index (YoY) (JUN) | Medium | 2.1% | 1.9% | |||
| 12:30 | | CAD International Merchandise Trade (Canadian dollar) (JUN) | Low | -0.8B | ||||
| 12:30 | | USD Trade Balance (JUN) | Medium | -$48.0B | -$50.2B | |||
| 12:30 | | USD Initial Jobless Claims (AUG 5) | Low | 401K | 400K | |||
| 12:30 | | USD Continuing Claims (JUL 30) | Low | 3725 | ||||
| 13:45 | | USD Bloomberg Consumer Comfort (AGU 7) | Low | |||||
| 14:30 | | USD EIA Natural Gas Storage Change (AUG 5) | Low | |||||
| 22:45 | | NZD Retail Sales Ex Inflation (QoQ) (2Q) | Medium | 0.9% | ||||
Fri
Aug 12 | 03:00 | | NZD Non Resident Bond Holdings (JUL) | Low | 61.4% | |||
| 04:30 | | JPY Industrial Production (MoM) (JUN F) | Low | |||||
| 04:30 | | JPY Industrial Production (YoY) (JUN F) | Medium | |||||
| 04:30 | | JPY Capacity Utilization (MoM) (JUN) | Low | 12.8% | ||||
| 05:30 | | EUR French Consumer Price Index - EU Harmonised (MoM) (JUL) | Low | -0.3% | 0.1% | |||
| 05:30 | | EUR French Consumer Price Index - EU Harmonised (YoY) (JUL) | Low | 2.3% | 2.3% | |||
| 05:30 | | EUR French Consumer Price Index (MoM) (JUL) | Low | -0.3% | 0.1% | |||
| 05:30 | | EUR French Consumer Price Index (YoY) (JUL) | Low | 2.2% | 2.1% | |||
| 05:30 | | EUR French Consumer Price Index Ex Tobacco Index (JUL) | Low | 122,19 | 122.49 | |||
| 05:30 | | EUR French Gross Domestic Product (QoQ) (2Q P) | Low | 0.3% | 0.9% | |||
| 05:30 | | EUR French Gross Domestic Product (YoY) (2Q P) | Low | 2.0% | 2.2% | |||
| 06:45 | | EUR French Non-Farm Payrolls (QoQ) (2Q P) | Low | 0.4% | ||||
| 06:45 | | EUR French Wages (QoQ) (2Q P) | Low | 1.0% | ||||
| 08:00 | | EUR Italian Trade Balance (Total) (euros) (JUN) | Low | -2407M | ||||
| 08:00 | | EUR Italian Trade Balance Eu (euros) (JUN) | Low | -600M | ||||
| 09:00 | | EUR Euro-Zone Industrial Production s.a. (MoM) (JUN) | Low | 0.0% | 0.1% | |||
| 09:00 | | EUR Euro-Zone Industrial Production w.d.a. (YoY) (JUN) | Medium | 4.2% | 4.0% | |||
| 09:00 | | EUR Italian Consumer Price Index (NIC incl. tobacco) (MoM) (JUL F) | Low | 0.3% | 0.3% | |||
| 09:00 | | EUR Italian Consumer Price Index (NIC incl. tobacco) (YoY) (JUL F) | Low | 2.7% | 2.7% | |||
| 09:00 | | EUR Italian Consumer Price Index - EU Harmonized (MoM) (JUL F) | Low | -1.7% | -1.7% | |||
| 09:00 | | EUR Italian Consumer Price Index - EU Harmonized (YoY) (JUL F) | Low | 2.1% | 2.1% | |||
| 12:30 | | USD Advance Retail Sales (JUL) | High | 0.5% | 0.1% | |||
| 12:30 | | USD Retail Sales Less Autos (JUL) | Medium | 0.2% | 0.0% | |||
| 12:30 | | USD Retail Sales Ex Auto & Gas (JUL) | Medium | 0.2% | 0.2% | |||
| 13:55 | | USD U. of Michigan Confidence (AUG P) | High | 63.0 | 63.7 | |||
| 14:00 | | USD Business Inventories (JUN) | Medium | 0.6% | 1.0% |
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