Guide to today’s important data and events

All low to medium risk economic dockets scheduled for today.

Data released so far -

• Australia - Producer price index rose 0.3% on quarterly basis and 1.1% from a year ago. Private sector credit rose by 0.4% in June from May, up 5.9% from a year ago.

• New Zealand - ANZ activity outlook stands at 19%. M3 money supply rose 9.5% from a year ago.

• Japan - Housing starts rose by 16.3% in June from a year ago. Construction orders rose by 15.4%.

• Germany - Retail sales for June up 5.1% on yearly basis but dropped -2.3% from May.

• France - Consumer spending rose 0.4% in June.

• Italy - Preliminary reading shows that consumer price rose by 0.4% y/y and dropped by -1.9% from June.

• Euro zone - Preliminary reading showed consumer prices are set to jump 0.9% on yearly basis for core in July. Unemployment rate for June remained at 11.1%

Upcoming -

• Italy - Producer price index to be released at 10:00 GMT.

• India - Reserve Bank of India (RBI) will declare forex reserve around 11:00 GMT.

• US - Employment cost index to be released at 12:30 GMT, followed by Chicago PMI at 13:45 GMT and Michigan consumer sentiment at 14:00 GMT.

• Canada - Monthly GDP to be announced at 12:30 GMT.