Guide to today’s important data and events

Not many economic dockets scheduled for today and risks associated are low.

Data released so far -

• Germany - Import prices index dropped -0.5% in June from May and down by -1.4% from a year ago. IFO business climate rose to 108 from 107.5 prior. IFO expectations rose to 102.4 this month from 102in June. IFO current assessment improved to 113.4 from 113.1 in June.

Upcoming -

• UK - CBI industrial trends survey to be released at 10:00 GMT.

• US - Durable goods orders for June to be released at 12:30 GMT. In May orders dropped by -2.2%, it is expected to rise by 3% in June. Dallas FED manufacturing business index came at -7 last month it is expected to improve to -4. Data to be released at 14:30 GMT.

• Auctions - US will auction 3 and 6 month bills at 15:30 GMT.