Economic Calendar: July 17 – July 21

Monday July 17

China second quarter GDP and June industrial production and retail sales data.

Italy releases consumer price index for June.

G20 finance ministers and central bank governors meeting in India (July 15-18)

(830 am ET) Canada wholesale trade data for May.

(830 am ET) Canada international securities transactions for May

(830 am ET) Canada new motor vehicle sales for May. It’s expected to be up 13.5% year over year

(830 am ET) U.S. Empire State Manufacturing Survey for July.

Earnings include: PrairieSky Royalty, Platinum Group Metals

Tuesday July 18

(815 am ET) Canada housing starts for June. They are expected to rise 5% to an annualized rate of 212,600 after contracting 22.5% the month before

(830 am ET) Canada consumer price index for June. Consensus is for a monthly rise of 0.3%, or 3% year over year. Those would be lower than May’s readings of 0.4% and 3.4%, respectively.

(830 am ET) Canada industrial product price index for June.

(830 am ET) U.S. retail sales for June. Consensus is for a rise of 0.5%, or 0.3% when autos are excluded.

(915 am ET) U.S. industrial production for June. Consensus is for a rise of 0.1%.

(10 am ET) U.S. NAHB housing market index

(10 am ET) U.S. business inventories

Earnings include: Bank of America, Morgan Stanley, Lockheed Martin, Charles Schwab, Mueller Industries, Goodfood Market

Wednesday July 19

Euro area CPI for June. It’s expected to be up 5.5% from a year earlier, easing from the previous month’s 6.1% rate. UK CPI is also due out, with expectations for inflation to slow to a 8.2% year over year rate from 8.7% a month earlier.

(830 am ET) Canada construction investment for May.

(830 am ET) U.S. housing starts. Consensus is for a 9.7% drop to 1.47 million annualized. Building permits also to be released.

Earnings include: Tesla, Netflix,, IBM, Goldman Sachs, Las Vegas Sands, Baker Hughes, Kinder Morgan, Haliburton, Equifax, Nasdaq, Steel Dynamics, United Airlines Holdings, Alcoa, Johnson Matthey, A&W Revenue Royalties Income Fund

Thursday July 20

Japan trade deficit and machine tool orders

Euro area consumer confidence. Germany producer price index, and France business confidence.

(830 am ET) Canada household credit.

(830 am ET) U.S. initial jobless claims for previous week. They are expected to rise by 7,000 to 244,000.

(830 am ET) Philadelphia Fed Index.

(10 am ET) U.S. existing home sales for June. Consensus is for a 2% decline to a 4.22 million annualized rate.

(10 am ET) U.S. leading indicator.

Earnings include: Johnson & Johnson, Abbott Labs, Philip Morris, Intuitive Surgical, Blackstone Group, CSX, Freeport-McMoran, Newmont Goldcorp, Capital One Financial, Travelers, American Airlines, West Fraser Timber, Alaska Air, Kimberly-Clark, Choice Properties REIT, Mullen Group, Enterprise

Friday July 21

Japan CPI for June

France retail sales for June, plus UK consumer confidence and retail sales

(830 am ET) Canada retail sales for May. Consensus is for a rise of 0.5%, or 0.2% excluding autos.

(830 am ET) Canada new housing price index for June. It’s expected to be down 0.6% year over year.

Earnings include: American Express, Schlumberger