The highlights of the week ahead

  1. The week begins with Japanese retail sales and industrial production on Sunday at 2350 GMT but all the focus at the market open will be on progress in Greek talks. The Eurogroup meets Monday.
  2. The week starts off slowly with no major US economic data but flows will be critical ahead of quarter-end, which is on Tuesday.
  3. German employment data is on Tuesday as well as UK GDP
  4. The highlight on the Canadian calendar is Tuesday's April GDP report. Wednesday is also a holiday in Canada
  5. On Wednesday in Japan it's the Q2 Tankan survey. Data has been better in Japan but are companies feeling good? Large manufacturer sentiment is expected to remain at +12
  6. It's a big week for US economic but doesn't get warmed up until Wednesday with ISM manufacturing and ADP.
  7. Non-farm payrolls is out a day early in a rare Thursday release because of the July 4 holiday. The current consensus is +230K
  8. The factory orders report will also be squeezed in on Thursday. It's been a mixed bag.
  9. Friday in Australia, the May retail sales report is due but by this time next week markets will be dead quiet because of the US holiday.