Next Week's Memo

August 18 (Monday)

New Zealand July BNZ Services PMI: Previous value 47.3

Singapore July Non-Oil Domestic Exports Year-on-Year: Forecast to decline 2.5%; Previous value increased 13%

UK August Rightmove Average House Price Index Month-on-Month: Previous value decreased 1.2%

UK August Rightmove Average House Price Index Year-on-Year: Previous value increased 0.1%

Japan June Tertiary Industry Activity Index Month-on-Month: Forecast to increase 0.2%; Previous value increased 0.6%

India July Unemployment Rate: Previous value 5.6%

Eurozone June Seasonally Adjusted Trade Balance: Previous value surplus EUR 16.2 billion

Eurozone June Unadjusted Trade Balance: Previous value surplus EUR 16.2 billion

US August NAHB Housing Market Index: Forecast 34; Previous value 33

Canada July Housing Starts: Forecast 258,700; Previous value 283,700

Earnings Announcements: BHP (BHP.US); Hansoh Pharmaceutical (03692.HK), China Biologic Products (01177.HK), Tongcheng Travel (00780.HK), WuXi AppTec (02268.HK), Xtep International (01368.HK), Leapmotor (09863.HK), Meitu (01357.HK), GDS Holdings—SW (09698.HK), CNOOC (03983.HK), Xingsheng International (06058.HK), Kangji Medical (00867.HK), Haitong International (01882.HK), Huabao International (00336.HK), Wanwu Cloud (02602.HK), Sinopec Oilfield Service (01033.HK), Kelun-Biotech—B (06990.HK)

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August 19 (Tuesday)

New Zealand Q2 Output PPI Quarter-on-Quarter: Previous value increased 2.1%

New Zealand Q2 Input PPI Quarter-on-Quarter: Previous value increased 2.9%

Australia August Westpac Consumer Confidence Index Month-on-Month: Previous value increased 0.6%

Hong Kong Latest Unemployment Rate: Previous value 3.5%

Eurozone June Seasonally Adjusted Current Account: Previous value surplus EUR 32.3 billion

US July Housing Starts: Forecast 1.29 million; Previous value 1.321 million

US July Building Permits Preliminary Value: Forecast 1.39 million; Previous value 1.393 million Canada July CPI Year-on-Year: Forecast to rise 1.8%; Previous value rose 1.9%

Canada July CPI Month-on-Month: Forecast to rise 0.4%; Previous value rose 0.1%

Earnings announcements: Home Depot (HD.US); Xiaomi-W (01810.HK), Pop Mart (09992.HK), Sunny Optical Technology (02382.HK), WuXi Biologics (02269.HK), China Resources Beer (00291.HK), XPeng-W (09868.HK), Ping An Good Doctor (01833.HK), Aneng Logistics (09956.HK), China General Nuclear Power New Energy (01811.HK), Champion REIT (02778.HK), Longyuan Power (00916.HK), China Communication Services (02342.HK), Kangchen Pharmaceutical (01681.HK), Fuyao Glass (03606.HK), Yanda Pharmaceutical (00512.HK), Innovent Biologics (09969.HK), Jinli Permanent Magnet (06680.HK), Kunlun Energy (00135.HK), Miramar Hotel (00071.HK), Yancoal Australia (03668.HK), Yixin Group (02858.HK), ZTO Express-W (02057.HK)

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August 20 (Wednesday)

China August one-year and five-year Loan Market Quote Rates are expected to remain unchanged at 3% and 3.5% respectively.

New Zealand central bank meeting, expected to lower the benchmark interest rate by 25 basis points to 3%.

Indonesia central bank meeting, expected to maintain the benchmark interest rate at 5.25%.

Japan July unadjusted trade balance: Forecast surplus of 198.1 billion yen; Previous surplus revised to 152.1 billion yen.

Japan July adjusted trade balance: Forecast deficit of 81.4 billion yen; Previous deficit of 235.5 billion yen.

Japan June core machinery orders Month-on-Month: Forecast to fall 1%; Previous value fell 0.6%.

Japan June core machinery orders Year-on-Year: Forecast to rise 5%; Previous value rose 4.4%.

UK July CPI Month-on-Month: Previous value rose 0.3%.

UK July CPI Year-on-Year: Previous value rose 3.6%.

UK July core CPI Year-on-Year: Previous value rose 3.7%.

UK June House Price Index Year-on-Year: Previous value rose 3.9%.

Germany July PPI Month-on-Month: Previous value rose 0.1% Germany July PPI Year-on-Year: Previous Value down 1.3%

Taiwan July Export Orders Year-on-Year: Forecast up 15.2%; Previous Value up 24.6%

Eurozone July HICP Year-on-Year Final Value: Initial Value up 2%

Eurozone July HICP Month-on-Month Final Value: Initial Value unchanged

Eurozone July Core Inflation Year-on-Year Final Value: Initial Value up 2.3%

U.S. last week MBA Mortgage Applications: Previous Value up 10.9%

Earnings Announcements: Lowe's (LOW.US), TJX Companies (TJX.US), Target (TGT.US), Estee Lauder (EL.US), Futu (FUTU.US), iQIYI (IQ.US); Hong Kong Stock Exchange (00388.HK), Baidu-SW (09888.HK), Henderson Land Development (00012.HK), Hong Kong and China Gas (00003.HK), Lao Pu Gold (06181.HK), Kerry Properties (00683.HK), Kingsoft (03888.HK), Kingsoft Cloud (03896.HK), Wynn Macau (01128.HK), Ascentage Pharma-B (06855.HK), BOSS Zhipin-W (02076.HK), CanSino Biologics (06185.HK), China State Construction International (03311.HK), Crystal International (02232.HK), Dah Sing Financial (00440.HK), Dah Sing Banking Group (02356.HK), Hansoh Pharmaceutical (01276.HK), Huazhu Group-S (01179.HK), Powerlong Development (01277.HK), Lepu Medical Technology-B (02157.HK), Livzon Pharmaceutical (01513.HK), Sinopec Shanghai Petrochemical (00338.HK), Smoore International (06969.HK), Weimob (02013.HK), iFlytek Medical Technology (02506.HK), Xixiangfeng Group (02473.HK), Yaoshi Bang (09885.HK), ZhongAn Online (06060.HK)

First Day Listing: Tianyue Advanced (02631.HK)

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August 21 (Thursday)

U.S. Federal Reserve releases minutes of the monetary policy meeting

New Zealand July Trade Balance: Previous Value surplus NZD 142 million

Australia August S&P Composite PMI Preliminary Value: Previous Value 53.8 Australia August S&P Manufacturing PMI preliminary: Previous value 51.3

Australia August S&P Services PMI final: Previous value 54.1

South Korea July PPI year-on-year: Previous value up 0.5%

Japan August Composite PMI preliminary: Previous value 51.6

Japan August Manufacturing PMI preliminary: Previous value 48.9

Japan August Services PMI preliminary: Previous value 53.6

Japan July Machine Tool Orders year-on-year final: Preliminary value up 3.6%

Hong Kong July CPI year-on-year: Previous value up 1.4%

India August Composite PMI preliminary: Previous value 61.1

India August Manufacturing PMI preliminary: Previous value 59.1

India August Services PMI preliminary: Previous value 60.5

UK July Public Sector Net Borrowing: Previous value £20.7 billion

France August HCOB Manufacturing PMI preliminary: Previous value 48.2

France August HCOB Services PMI preliminary: Previous value 48.5

France August HCOB Composite PMI preliminary: Previous value 48.6

Germany August HCOB Manufacturing PMI preliminary: Previous value 49.1

Germany August HCOB Services PMI preliminary: Previous value 50.6

Germany August HCOB Composite PMI preliminary: Previous value 50.6

Eurozone August HCOB Manufacturing PMI preliminary: Previous value 49.8

Eurozone August HCOB Services PMI preliminary: Previous value 51

Eurozone August HCOB Composite PMI preliminary: Previous value 50.9

Eurozone June Construction Output month-on-month: Previous value down 1.7%

Eurozone June Construction Output year-on-year: Previous value up 2.9%

Eurozone August Consumer Confidence Index preliminary: Previous value negative 14.7

UK August S&P Manufacturing PMI preliminary: Previous value 48

UK August S&P Services PMI preliminary: Previous value 51.8

UK August S&P Composite PMI preliminary: Previous value 51.5

UK July Public Sector Net Borrowing: Previous value £20.7 billion

US last week initial jobless claims: Previous value 224,000

US August Philadelphia Fed Manufacturing Index: Forecast 8; Previous value 15.9

US August S&P Manufacturing PMI preliminary: Previous value 49.8

US August S&P Services PMI preliminary: Previous value 55.7

US August S&P Composite PMI preliminary: Previous value 55.1

US July Conference Board Leading Index month-on-month: Forecast down 0.1%; Previous value down 0.3%

US July Existing Home Sales: Forecast 3.9 million; Previous value 3.93 million

Canada July Industrial Product Price Index month-on-month: Previous value up 0.4% Earnings Announcement: Walmart (WMT.US), Zoom (ZM.US), Manbang (YMM.US), Century Internet (VNET.US); Sinopec (00386.HK), AAC Technologies (02018.HK), AIA Group (01299.HK), Bilibili-W (09626.HK), Kuaishou-W (01024.HK), China Resources Power (00836.HK), Hengan International (01044.HK), Li Ning (02331.HK), Orient Overseas (00316.HK), Bank of East Asia (00023.HK), Blue Moon Group (06993.HK), BOC Aviation (02588.HK), Zhongyu Real Estate (01224.HK), China Aluminum Cans (06898.HK), China Power (02380.HK), China Telecom Service (00552.HK), GoerTek (01415.HK), Fourth Paradigm (06682.HK), IFBH (06603.HK), K Wah International (00173.HK), MTR Corporation (01200.HK), Miniso (09896.HK), Xincheng Power (01148.HK), Sutech (02498.HK), Xiansheng Pharmaceutical (02096.HK), Sinopec Kantons (00934.HK), Jinchao Yang (00878.HK), Jiuxing Holdings (01836.HK), AVIC Trust (00696.HK), Tuhu-W (09690.HK), Wistron NeWeb (00856.HK), Yongtai Real Estate (00369.HK), Yuexiu Services (06626.HK), Zaitong (00062.HK), Kanglong Chemical (03759.HK), Baiguoyuan (02411.HK)

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August 22 (Friday)

UK August Gfk Consumer Confidence Index: Previous value -19

Japan July CPI Year-on-Year: Forecast increase 3.1%; Previous value increase 3.3%

Japan July Core CPI Year-on-Year: Forecast increase 3%; Previous value increase 3.3%

Taiwan July Unemployment Rate: Previous value 3.34%

Germany Q2 Seasonally Adjusted GDP Quarter-on-Quarter Final Value: Initial value decrease 0.1%

Germany Q2 Unadjusted GDP Year-on-Year Final Value: Initial value no change

Germany Q2 Working Day Adjusted GDP Year-on-Year Final Value: Initial value increase 0.4% UK July retail sales month-on-month: Previous value increased by 0.9%

UK July retail sales year-on-year: Previous value increased by 1.7%

UK July core retail sales month-on-month: Previous value increased by 0.6%

UK July core retail sales year-on-year: Previous value increased by 1.8%

France August INSEE business confidence index: Previous value 96

France August INSEE manufacturing confidence index: Previous value 96

Canada June retail sales month-on-month: Forecast to increase by 1.5%; Previous value decreased by 1.1%

Canada June core retail sales month-on-month: Forecast to increase by 1.1%; Previous value decreased by 0.2%

Earnings announcements: CSPC Pharmaceutical Group Limited (01093.HK), Ganfeng Lithium (01772.HK), Dongfang Zhenxuan (01797.HK), Chongqing Bank (01963.HK), Bruker (00325.HK), Brilliance Auto (01114.HK), Jianfa International Group (01908.HK), Chifeng Jilong Gold Mining (06693.HK), China Coal Energy (01898.HK), Vanke Enterprise (02202.HK), CIFI Holdings Group (00884.HK), CITIC Resources (01205.HK), Luoyang Molybdenum (03993.HK), CRRC Corporation Limited (01766.HK), China Tobacco Hong Kong (06055.HK), Dongfeng Motor Group Co., Ltd. (00489.HK), Everbright Environment (00257.HK), Goldwind Technology (02208.HK), Greentown China Holdings Limited (03900.HK), Greentown Service Group (02869.HK), Greentown Management (09979.HK), Kowloon Development (00034.HK), MAF (02556.HK), Youjia Innovation (02431.HK), Rongchang Bio (09995.HK), Xintai Medical (02291.HK), Sinopharm Group (01099.HK), Sunshine Insurance (06963.HK), Times Electric (03898.HK), Vanke Overseas (01036.HK), Wynn Development (00864.HK), Youran Dairy (09858.HK), Zhaojin Mining (01818.HK), Zhejiang Hu-Hang-Yong (00576.HK), Zhongyu Energy (03633.HK), Chow Tai Fook (06168.HK), Zhenjiu Lidu (06979.HK), New Qian'an (02573.HK)