Guide to today’s important data and events

Not many economic dockets scheduled for today, however risk associated is high. Focus is on NFP data from US.

Data released so far -

• Australia - Trade balance improved in May to -$2.75 billion as imports dropped -4% and exports grew +1%.

• New Zealand - ANZ commodity price index dropped -3.1%.

• UK - Nationwide house prices dropped by -0.2% in June on monthly basis but up 3.3% from a year ago.

Upcoming -

• Spain - Unemployment change to be released at 7:00 GMT. Prior -118,000, expected today -124,000.

• Euro zone - Producer price index to be released at 9:00 GMT. ECB will release monetary policy minutes at 11:30 GMT.
  
  
• UK - Construction PMI to be released at 8:30 GMT.

• US - Data of the month is scheduled today. NFP report is scheduled at 12:30 GMT. Expected headline number is 230,000. It will be followed by ISM New York at 13:45 GMT and Factory orders at 14:00 GMT. EIA will release weekly natural gas report at 14:30 GMT.

• Australia - AIG performance of services index to be released at 23:30 GMT.