US: Week Ahead - Aug 17th.

The ongoing standstill between Iran and the US should continue to dictate energy prices and influence global interest rates, after the US prolonged its economic pressure on Iran instead of signaling efforts of diplomacy. Rates will also take the spotlight with minutes from a divisive meeting from the Federal Reserve, which included three dissents. The ECB will also post meeting accounts. Data from the US will be headlined by flash S&P PMIs, building permits, trade terms, and industrial production. PMIs will also be published for the Eurozone, Japan, Australia, India, and the UK. Meanwhile, both the UK and Canada will release inflation and retail sales. The Eurozone and Germany will release ZEW Economic Sentiment indices. Japan will release its Q2 GDP, trade balance, and inflation rate. In the meantime, China will publish industrial production, retail sales, housing prices, and join Australia, the UK, and Canada in unveiling unemployment figures. Sveriges Riksbank will set rates.