Guide to today’s important data and events

Lot of economic dockets scheduled for today with high risk associated.

Data released so far -

• Australia - Reserve Bank of Australia (RBA) kept monetary policy steady in today's meeting.

• Germany - Industrial production is up 2.1% from a year ago in May but failed to grow on monthly basis.

• France - French trade balance came at -€ 4.2 billion in May.

• Switzerland - Unemployment rate remained at same 3.3% level in June. SNB's forex reserve dropped to Franc 516.2 billion from 517.5 billion.

Upcoming -

• UK - Industrial and manufacturing production scheduled at 8:30 GMT. Manufacturing expected to grow 1.8% and industrial production by 1.6%, both from a year ago. NISER GDP estimate to be released at 14:00 GMT and BRC shop price index at -1.9%.

• Euro zone - European leaders to hold summit to attempt to resolve Greek crisis today at 16:00 GMT after Euro group meeting scheduled at 11:00 GMT.

• US - Trade balance to be declared at 12:30 GMT, followed by TIPP economic optimism at 14:00 GMT along with JOLTS job openings.

• Japan - Trade balance details to be released at 23:50 GMT.