Guide to today’s important data and events

Low to medium risks economic dockets scheduled for today.

Data released so far:

• China - M2 money supply rose 13.3% in July from a year ago, higher than prior 11.8%. New loans for July came at 1.4 trillion Yuan.

• Australia - National banks' business confidence dropped to 4 in July from 8 in June. Business conditions deteriorated to 6 in July from 10 in June.

• Japan - Preliminary reading shows machine tools orders rose by 1.6% in July from 6.6% in June.

• Germany - Wholesale price index rose by 0.1% in July from June, still down -0.5% from a year ago. According to Zew survey, current situation improved to 65.7 in August but economic sentiment deteriorated to 25.

• Italy - Consumer price index dropped by -2% in July from June.

• Euro zone - ZEW economic sentiment improved to 47.6 for August, up from 42.7 in June.

Upcoming:

• US - NFIB business optimism index is scheduled for release at 10:00 GMT, followed by Unit labor cost and Non-farm productivity at 12:30 GMT.

• UK - CB leading economic index to be released at 13:30 GMT.

• Japan - Domestic corporate goods price index to be released at 23:50 GMT, along with monetary policy minutes from Bank of Japan.