News agenda is relatively light on this week’s last trading day, but we’ll get those crucial US CPI stats, so stay with us to find out more.
First of all, markets are closed in France for Bastille Day holiday, so congratulations to our French viewers.
Out at 9 o’clock is the only non-US report for the day – Euro Zone trade balance for May. Seasonally adjusted exports declined by 2.1% in April, while imports were down by point 8% and overall surplus declined by 2.6 billion Euros as a result.
Then the US data run begins at a half past noon GMT with a couple of key publications for June, including the Consumer Price Index. Inflation remains the missing piece of puzzle for tighter monetary policy and May brought monthly a contraction, but a pick up is expected in this release.
Retail sales report is the other item scheduled at this time. Sales were weak in May, declining by point 3% and almost wiping out the gain posted in April.
US Industrial Production for June is up next at a quarter past 1 PM. Production was unchanged in May after jumping by an upwardly revised 1.1% in April.
Preliminary University of Michigan Survey for July follows at 2 o’clock. Consumer sentiment slipped to the lowest level since Trump election in June as the so-called partisan gap between Democrats and Republicans stood at 39 index points.
US Business Inventories for May will be available at the same time and it’s the final of the publications for the day. Inventories slipped in April following five months of increases.
I’m Kiays Khalil and that’s all for Friday’s Economic Calendar. Do click back for Monday’s report, but for now, goodbye.
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