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PA Market Report: Overview (July 26 – July 30) & Upcoming Events August’21

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PA Market Report Overview (July 26 – July 30)

Jul 26

German Business Sentiment Falls in July (Germany)

German business sentiment worsened in July amid an increase in coronavirus infections and supply woes, missing forecasts for an increase. The Ifo business climate index came in at 100.8 points in July compared with the 101.7 points registered in June, according to data from the Ifo Institute released Monday. The reading missed a forecast from economists polled by The Wall Street Journal, who expected the index to increase to 102.5.

Jul 27

Tokyo daily coronavirus infection cases surge above 3000- media (Japan)

TOKYO DAILY CORONAVIRUS INFECTION CASES SURGE ABOVE 3000- MEDIA

Kuroda: The Bank of Japan’s Strategy on Climate Change (Japan)

It is my pleasure to have the opportunity to speak to you at the Japan National Press Club. Today, I would like to talk about climate change. Climate change has recently been a major issue at central bank governors’ meetings. Looking broadly at the financial field, climate change issues have been recognized from an early stage. For example, in development finance, the Asian Development Bank (ADB), where I served as President, has been active since the early 2000s in providing financing support for projects such as those in response to climate change.

Jul 28

Consumer Price Index, Australia (Australia)

Key statistics • The Consumer Price Index (CPI) rose 0.8% this quarter. • Over the twelve months to the June 2021 quarter, the CPI rose 3.8%. • The most significant price rise was Automotive fuel (+6.5%). chart tables Annual CPI inflation increased to 3.8% in the June quarter The increase in annual CPI inflation includes some ‘base effects’ following the introduction of free child care and a record fall in fuel prices in the June 2020 quarter.

Jul 29

Federal Reserve issues FOMC statement (USA)

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen.

Gross Domestic Product, Second Quarter 2021 (Advance Estimate) (USA)

Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 6.3 percent (revised). The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency

Jul 30

Personal Income and Outlays, June 2021 and Annual Update (U
Personal income increased $26.1 billion (0.1 percent) in June according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $2.6 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $155.4 billion (1.0 percent). Real DPI decreased 0.5 percent in June and Real PCE increased 0.5 percent;