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Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
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Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data and events so far:
- Australia: RBA reduced rates by 25 bps at today’s meeting.
Upcoming:
- Germany: Retail sales report for the month of May will be released at 6:00 GMT. Prior 4 percent y/y, expected 2.7 percent.
- United Kingdom: Nationwide house price report will be published at 6:00 GMT, followed by the construction PMI report at 8:30 GMT. BRC shop price report due at 23:00 GMT.
- France: Budget report for the month of May will be released at 6:45 GMT.
- Spain: June unemployment report due at 7:00 GMT.
- Eurozone: PPI inflation report will be released at 9:00 GMT.
- Australia: RBA Governor Lowe’s speech due at 9:30 GMT. AiG Performance of Services report to be published at 22:30 GMT.
- United States: FOMC member Williams’s speech due at 10:30 GMT. ISM New York report is due at 13:45 GMT. Vehicle sales report will be published at 19:30 GMT.
- New Zealand: Global dairy auction is scheduled for today.
