Guide to today’s important data and events

Not many economic dockets scheduled for today and risk associated with releases are low.

Data released so far -

• Australia - TD securities inflation came at 1.5% in June from a year ago.

• Germany - Factory orders grew by 4.7% in May from a year ago but dropped by -0.2% on monthly basis.

• Spain - Industrial output grew by 3.4% in May from a year ago.

• Switzerland - Consumer price index rose by 0.1% m/m but still down by -1% from a year ago.

Upcoming -

• Euro zone - Sentix investor confidence is expected at 8:30 GMT. Comments will be flowing from across Euro zone as Greeks rejected the bailout conditions.

• US - Markit services PMI to be released at 13:45 GMT, followed by labor market condition index and ISM non-manufacturing PMI at 14:00 GMT.

• Canada - IVEY PMI to be released at 14:00 GMT. Bank of Canada (BOC) will release business outlook survey at 14:30 GMT.

• New Zealand - NZIER business confidence for second quarter to be released at 14:00 GMT. Prior 23%

• Australia - AIG performance of construction index to be released at 23:30 GMT. Prior 47.8.

• Japan - Forex reserve details to be released at 23:50 GMT.