Guide to today’s important data and events

Not many economic dockets scheduled for today, however risk associated with the release is moderate. Focus is on consumer price index (CPI) from US and China.

Data released so far -

• Australia - CB leading indicator rose by 0.2% in May.

Upcoming -

• Euro zone - Construction output is scheduled for release at 9:00 GMT, for the month of May. Output grew 0.3% m/m in April.

• India - Reserve Bank of India (RBI) will release data on Forex reserve.

• US - Consumer price index to be released at 12:30 GMT, along with housing starts and building permits. Preliminary reading on Michigan consumer sentiment for July to be released at 14:00 GMT. FED's Stanley Fischer is scheduled to speak at 14:00 GMT.

• Canada - Bank of Canada (BOC) consumer price index (CPI) for June to be released at 14:00 GMT.