Sunday, July 10: Investors will be keeping an eye on the consumer inflation release from China’s National Bureau of Statistics to glean any hints on future policy steps from the People’s Bank of China. Most analysts anticipate that accommodative policy measures will remain the order of the day baring any rapid increase in prices at the cash register.
Tuesday, July 12: Normally a footnote for markets, the Bank of England’s quarterly report will be a focus of investor sentiment given the importance of the recent Brexit vote. This past week the pound sterling slipped to the lowest level in more than 30 years versus the U.S. dollar.
Wednesday, July 13: Yum! Brands, Inc. reports second-quarter financial results, with investor expectations running high that company leaders will provide more details about the upcoming spin-off of Chinese operations. The company’s investor relations department has guided estimates for the fiscal year higher, but the ultimate valuation of the massively popular franchise in China remains unclear.
Thursday, July 14: The U.S. Department of Labor releases initial jobless claims. After last week’s release which revealed the number of benefit seekers at a three-month low, expectations among economists are for another positive number as job markets remain tight despite a historically low participation rate.
Friday, July 15: China’s initial gross domestic product estimate for the second quarter would be a focus for global market risk narratives regardless. The accompanying National Bureau of Statistics press conference is expected to address international concerns however, making it an event that will reflect the second-largest economy’s take on the recent decision by the U.K. to depart from the European Union.
