Guide to today’s important data and events

Not many economic dockets scheduled for today. Focus is on FOMC minutes from FED.

Data released so far:

• Japan - Eco watcher's survey shows current situation condition dropped to 51 from 53.3 prior and outlook dropped to 53.5 from 54.5 prior.

• UK - Halifax house prices rose 1.7% in June on monthly basis.

Upcoming:

• UK - Budget report would be released at 11:30 GMT. RICS house price balance is expected at 23:00 GMT.

• US - Lot of data from US today. MBA mortgage application to be released at 11:00 GMT, followed by FOMC minutes at 18:00 GMT and consumer credit details at 19:00 GMT. FOMC member Williams is scheduled to speak at 18:00 GMT. EIA will release crude oil inventory report at 14:30 GMT.

• Canada - Building permits details to be released at 12:30 GMT.

• New Zealand - Retail sales statistics to be released at 22:45 GMT.

• Japan - Machinery order details to be released at 23:50 GMT.