Calendar: Aug 12 – Aug 16

Monday, Aug 12

830 am ET: Canada building permits for June. BMO expects a 10% rise, rebounding from May’s 12.2% decline

2 pm ET: U.S. budget balance

Earnings include: Barrick Gold, Sun Life Financial, Ballard, Extendicare

Tuesday, Aug 13

Germany ZEW business expectations survey. UK June payrolls report

6 am ET: U.S. NFIB small business economic trends survey for July

830 am ET: U.S. producer price index for July. Consensus is for a monthly increase of 0.2%

Earnings include: Franco-Nevada, Cargojet, Home Depot, HudBay Minerals, Silvercorp Metals, Superior Plus, Algoma Streel, Northwest Healthcare, Minto Apartment REIT, Dream Unlimited, AutoCanada

Wednesday, Aug 14

Euro area GDP for the second quarter, and June industrial production. France and the UK release July inflation reports

830 am ET: U.S. consumer prices for July. Consensus is for a 0.2% monthly increase, or 2.9% from a year earlier – slightly lower than June’s 3.0% rise. Excluding food and energy, it’s expected to be up 3.3% from a year ago

Earnings include: Tencent, Cisco, UBS Group, Hydro One, Metro, Northland Power, H&R REIT, Chorus Aviation, CAE

China industrial production and retail sales for July. Japan GDP for the second quarter and June industrial production

UK GDP for the second quarter, plus the latest services index, industrial production and trade deficit

830 am ET: Canada wholesale trade for June

830 am ET: Canada new motor vehicle sales for June

830 am ET: U.S. retail sales for July. Consensus is for a 0.4% rise, or 0.2% when excluding autos and gas

830 am ET: U.S. initial jobless claims for last week. BMO forecasts an increase of 7,000

830 am ET: U.S. import prices for July. BMO expects a 1.5% increase from a year ago

830 am ET: U.S. Philadelphia Fed Index and Empire State manufacturing data

9 am ET: Canada existing home sales for July. BMO expects a 3% annual rise. Average prices are seen gaining 0.5% from a year ago, following June’s reading that saw a 1.6% decline. Also, MLS home price index

915 am ET: U.S. industrial production for July. Consensus is for a 0.2% decline

10 am ET: U.S. NAHB housing market index

10 am ET: U.S. business inventories

Earnings include: Walmart, Alibaba, Deere & Co, Macy’s

Friday Aug 16

Euro area trade surplus for June. UK retail sales for July

815 am ET: Canada housing starts for July. BMO expects a 1.4% rise to an annualized rate of 245,000

830 am ET: Canada manufacturing sales and new orders for June

830 am ET: Canada international securities transactions inflows and outflows for June

830 am ET: U.S. housing starts and building permits for July

10 am ET: University of Michigan consumer sentiment index for August