Guide to today’s important data and events

Lot of economic releases scheduled for today and with high risk associated.

Data released so far -

• Australia - Westpac leading index remained flat in June. Headline consumer price index (CPI) rose 0.7% q/q in second quarter and 1.5% from a year ago.

• Japan - All industry activity index dropped -0.5% m/m in May.

Upcoming -

• France - Business climate is scheduled for release at 6:45 GMT.

• Italy - Industrial orders and sales to be released at 8:00 GMT. Industrial orders rose 7.9% from a year ago in April, while sales dropped by -0.6%. Retail sales for May to be released at 9:00 GMT.

• UK - Bank of England (BOE) will release minutes at 8:30 GMT, followed by inflation report hearing at 9:00 GMT and CBI trades survey at 10:00 GMT.

• US - MBA mortgage application to be released at 11:00 GMT, followed by house price index at 13:00 GMT and existing home sales at 14:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT.

• New Zealand - RBNZ will declare monetary policy at 21:00 GMT.

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