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[IFX Gertrude]

European Economics Preview: Eurozone Final Inflation Data Due



Final consumer price data from euro area is due on Friday, headlining a light day for the European economic news.

At 3.00 am ET, the Czech Statistical Office releases producer prices for June. Prices are expected to fall 0.1 percent annually following a 0.9 percent drop in May.

At 4.00 am ET, Italy's Istat is slated to issue industrial orders data for May. Orders had declined 32.2 percent on month in April.

In the meantime, wage growth from Poland is due. Economists forecast corporate sector wages to climb 1.5 percent on year, faster than the 1.2 percent rise in May.

At 5.00 am ET, Eurostat releases euro area final consumer prices for June. Inflation is expected to rise to 0.3 percent in June, as initially estimated, from a near four-year low of 0.1 percent in May.

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[IFX Gertrude]

European Economics Preview: Eurozone Current Account Data Due



Current account data from euro area is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to release Germany's producer prices for June. Prices are forecast to drop 1.6 percent annually, slower than the 2.2 percent fall seen in May.

At 3.00 am ET, unemployment data is due from Slovakia. Economists forecast the jobless rate to rise to 8 percent in June from 7.2 percent in May.

At 4.00 am ET, the European Central Bank releases euro area current account data for May. The surplus totaled EUR 14.4 billion in April.

In the meantime, industrial production and producer prices are due from Poland. Industrial production is expected to fall 6.9 percent on year in June, slower than the 17 percent fall seen in May. Economists forecast producer prices to drop 1 percent annually, smaller than the 1.5 percent fall in May.

At 6.00 am ET, Germany's central bank publishes monthly report.

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[IFX Gertrude]

European Economics Preview: Eurozone Current Account Data Due



Current account data from euro area is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to release Germany's producer prices for June. Prices are forecast to drop 1.6 percent annually, slower than the 2.2 percent fall seen in May.

At 3.00 am ET, unemployment data is due from Slovakia. Economists forecast the jobless rate to rise to 8 percent in June from 7.2 percent in May.

At 4.00 am ET, the European Central Bank releases euro area current account data for May. The surplus totaled EUR 14.4 billion in April.

In the meantime, industrial production and producer prices are due from Poland. Industrial production is expected to fall 6.9 percent on year in June, slower than the 17 percent fall seen in May. Economists forecast producer prices to drop 1 percent annually, smaller than the 1.5 percent fall in May.

At 6.00 am ET, Germany's central bank publishes monthly report.

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[IFX Gertrude]

Japan Overall Inflation Gains 0.1% On Year In June



Consumer prices in Japan were up 0.1 percent on year in June, the Ministry of Internal Affairs and Communications said on Tuesday - in line with expectations and unchanged from the May reading.

Core CPI, which excludes volatile food prices, was unchanged on an annual basis - versus forecasts for a drop of 0.1 percent following the 0.2 percent decline in the previous month.

Individually, prices were higher annually for food, housing, furniture, clothing, medical care and recreation. They were lower for fuel, communications and education.

On a monthly basis, overall and core CPI both added a seasonally adjusted 0.1 percent.

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[IFX Gertrude]

Australia's Retail Sales Increase In June



Australia's retail sales increased in June largely driven by cafes, restaurants and takeaway food services, preliminary data from the Australian Bureau of Statistics showed Wednesday.

Retail turnover advanced 2.4 percent on a monthly basis in June but slower than the 16.9 percent increase in May.

Year-on-year, turnover grew 8.2 percent.

Rises in June were led by cafes, restaurants and takeaway food services, and clothing, footwear and personal accessory retailing. While some restrictions on trade remained in June, many businesses in these industries saw a full month of trade, having been closed for the first week of May, the ABS said.

Turnover in these industries remained below the levels of June 2019.

Food retailing gained 0.9 percent, with a rise in supermarkets and grocery stores offset by a fall in liquor retailing.

Meanwhile, household goods retailing fell in June but this industry continued to trade significantly above the levels of June 2019. Department stores dropped 12 percent following a large rise in May.

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[IFX Gertrude]

European Economics Preview: Germany GfK Consumer Confidence Data Due



Consumer confidence from Germany is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Germany's Gfk consumer confidence survey results are due. The forward-looking consumer sentiment index is expected to rise to -5 in August from -9.6 in July.

In the meantime, unemployment data is due from Statistics Norway. At 2.45 am ET, the statistical office Insee is scheduled to release France's business confidence survey data. Economists forecast the index to climb to 85 in July from 77 in June.

At 3.30 am ET, Statistics Sweden publishes unemployment data for June.

Half an hour later, unemployment data is due from Poland. The jobless rate is seen at 6.2 percent in June versus 6 percent in May.

At 6.00 am ET, the Confederation of British Industry is slated to issue Industrial Trends survey data. The order book balance is forecast to improve to -38 in July from -58 in June.

At 7.00 am ET, Turkey's central bank is set to announce its interest rate decision. The bank is expected to hold its one-week repo rate at 8.25 percent.

At 10.00 am ET, Eurozone flash consumer confidence survey data is due. The sentiment index is seen rising to -12 in July from -14.7 in June.

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[IFX Gertrude]

European Economics Preview: Eurozone Flash PMI Data Due



Flash Purchasing Managers' survey data from euro area and retail sales from the UK are due on Friday, headlining a busy day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales for June. Economists forecast sales to rise 8 percent on month, slower than the 12 percent increase in May.

At 3.00 am ET, producer prices from Spain and industrial production from Austria are due. At 3.15 am ET, IHS Markit is scheduled to issue France's flash Purchasing Managers' survey data. The composite PMI is seen rising to 53.5 in July from 51.7 in June.

At 3.30 am ET, Germany's flash PMI data is due. Economists forecast the composite indicator to improve to 50.3 in July from 47.0 in June.

At 4.00 am ET, IHS Markit is set to publish euro area PMI data. The flash composite output index is expected to rise to 51.1 in July from 48.5 in June.

Half an hour later, UK flash composite PMI survey data is due. The composite index is seen at 51.1 in July versus 47.7 in the previous month.

At 6.30 am ET, Russia's central bank is set to announce its interest rate decision. Economists expect the central bank to cut its key rate to 4.25 percent from 4.50 percent.

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[IFX Gertrude]

China's Industrial Profits Increase At Faster Pace



China's industrial profits increased at a faster pace of June as easing of the coronavirus containment measures boosted manufacturing activity, data from the National Bureau of Statistics showed Monday.

Industrial profits grew 11.5 percent on a yearly basis in June, following a 6 percent rise in May.

Profits of steel 35.3 percent and that of non-ferrous metals grew 24.1 percent in June.

Nonetheless, the statistical office said the sustainability of industrial profits is uncertain, the statistical office.

In the first half of 2020, industrial profits declined 12.8 percent from the same period last year. Iris Pang, an economist at ING said the decline in Covid-19 cases and relaxation of restrictions are positive for domestic demand and for related manufacturing activity. Some recovery from Covid-19 in parts of the rest of the world will also have helped China's manufacturing output and profitability in June, the economist said.

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[IFX Gertrude]

Thai Stock Markets Closed On Tuesday



On a very light day on the economic calendar, the markets in Thailand are closed on Tuesday in observance of King Maha Vajiralongkorn's birthday, and will reopen on Wednesday.

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[IFX Gertrude]

European Economics Preview: UK Mortgage Approvals Data Due



Mortgage approvals the UK and consumer confidence from France are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany's import prices for June. Economists forecast prices to fall 5.1 percent on year, slower than the 7 percent decrease seen in May.

At 2.45 am ET, France's statistical office Insee is set to publish consumer sentiment survey results. The confidence index is seen rising to 99 in July from 97 in June. At 3.00 am ET, the Swedish National Institute of Economic Research releases economic tendency survey data.

In the meantime, retail sales from Spain, unemployment from Hungary and foreign trade figures from Turkey are due. Economists forecast Spain retail sales to decline 17.6 percent annually in June, following a 19 percent drop in May.

At 4.00 am ET, producer prices from Italy and manufacturing PMI data from Austria are due.

Half an hour later, Bank of England is scheduled to issue UK mortgage approvals data for June. The number of mortgages approved in June is forecast to advance to 33,900 from 9,273 in May.

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