Daily Economic Outlook: 10th August 2015

It is a relatively quiet start to the week, with the focus likely to be on UK labour market statistics on Wednesday and the first estimate of Eurozone Q2 GDP on Friday. The most significant US data will be industrial production and retail sales towards the end of this week.

Today, economic data releases are largely second tier, including the Banque de France business sentiment indicator.

According to Lloyds Bank, "The business sentiment indicator is expected to edge up to 99 in July from 98, adding confidence to the gradual upswing in activity continuing. Swedish industrial production for June is also due and is forecast to rise 0.2% on the month, though weak inflation raises the risk of further monetary policy easing ahead."

The Eurozone Sentix investor confidence index may generate some attention ahead of the German ZEW survey tomorrow and is expected to increase for the second successive month. Elsewhere, the US labour conditions index will generate only slight interest, coming as it always does just after the payrolls report.

 The Fed's Lockhart is the only scheduled central bank speaker during the afternoon session. As one of the 'centrists', his judgement will be of particular interest, especially after his comments to the Wall Street Journal last week which boosted expectations of an early rate move by the FOMC, adds Lloyds Bank.