New American statistics, in construction and industry, will punctuate the session. In Germany, the ZEW index will assess investor sentiment. Side values, Walmart and Home Depot will publish their quarterly.
In the United States, a series of statistics and Walmart on the agenda | Photo credit: Reuters
At the start of this calm week, operators will dissect several American statistics unveiled during the afternoon for the real estate and industrial sectors.
Early data on the construction sector (at 2:30 p.m.), a key indicator of demand for the US housing market, is likely to decline. In July, the number of new building permits granted would have reached 1.65 million at an annualized rate according to the consensus, against nearly 1.7 million the previous month, while construction starts would have fallen to 1.54 million, after 1.56 million in June. In the aftermath, the industrial production could have risen by 0.3% over one month, in July, after falling by 0.2% in June. The easing of supply constraints would have favored the rebound, but the weakness of new orders and the increase in inventories could dampen the optimism of operators.
Walmart and Home Depot report
In the morning, investors will have taken note of the ZEW index of economic sentiment of German investors in August. The consensus expects a further deterioration, to -60 points, against -53.8 in July. In the euro zone, the market will also follow the figures for the balance June commercial. United Kingdom, unemployment rate of the second quarter is expected to be stable at 3.8%.
On the values side, Paris Airports (ADP) will publish its data on traffic for the month of July, when the return of foreign tourists is well and truly recorded in France. On the American continent, two major companies of the Dow Jones will publish their results for the second quarter: the world leader in distribution walmartas well as the leading American group in the distribution of furniture, DIY and decoration products, Home Depot. The world’s leading retailer issued a warning at the end of July, weighed down by the loss of consumer purchasing power