Highlights
French consumer prices are seen up 0.2 percent on the month in July, trimming the annual inflation rate by a tick to 4.4 percent from 4.5 percent in June.
Switzerland's KOF leading indicator is seen slipping to 90.5 in July from June's 90.8.
In Germany, the economy is expected to have expanded just 0.1 percent on the quarter in April-June, following a 0.3 percent contraction at the start of the year.
Germany's consumer inflation for July is seen easing to a 6.1 percent year-over-year rate versus 6.4 percent in June.
The Eurozone's economic sentiment index in July is expected to edge yet lower to 95.0 from 95.3 in June, which was the weakest result since November last year.
Among key US data, personal income is expected to rise 0.4 percent in June as are consumption expenditures. These would compare with May's 0.4 percent gain for income and 0.1 percent gain for consumption. Inflation readings for June are expected at monthly increases of 0.2 percent both overall and for the core (versus May's respective increases of 0.1 and 0.3 percent) for annual rates of 3.0 and 4.2 percent (versus May's 3.8 and 4.6 percent).
After the first quarter's 1.2 percent rise, forecasters see employment costs rising 1.1 percent in the second quarter in what would be another overheated result.
The University of Michigan consumer sentiment index is expected to end July at 72.6, unchanged from July's mid-month flash and more than 8 points higher from June. Year-ahead inflation expectations are expected to hold at the mid-month's 3.4 percent, which was 1 tenth higher than June.
Canada's economic growth appears to be solid, led by resilient consumption. The gross domestic product in May is expected to rise 0.4 percent on the month after being flat in April. The Bank of Canada has forecast the GDP will grow at an annualized pace of 1.5 percent in April-June after surging 3.1 percent in January-March.
Switzerland's KOF leading indicator is seen slipping to 90.5 in July from June's 90.8.
In Germany, the economy is expected to have expanded just 0.1 percent on the quarter in April-June, following a 0.3 percent contraction at the start of the year.
Germany's consumer inflation for July is seen easing to a 6.1 percent year-over-year rate versus 6.4 percent in June.
The Eurozone's economic sentiment index in July is expected to edge yet lower to 95.0 from 95.3 in June, which was the weakest result since November last year.
Among key US data, personal income is expected to rise 0.4 percent in June as are consumption expenditures. These would compare with May's 0.4 percent gain for income and 0.1 percent gain for consumption. Inflation readings for June are expected at monthly increases of 0.2 percent both overall and for the core (versus May's respective increases of 0.1 and 0.3 percent) for annual rates of 3.0 and 4.2 percent (versus May's 3.8 and 4.6 percent).
After the first quarter's 1.2 percent rise, forecasters see employment costs rising 1.1 percent in the second quarter in what would be another overheated result.
The University of Michigan consumer sentiment index is expected to end July at 72.6, unchanged from July's mid-month flash and more than 8 points higher from June. Year-ahead inflation expectations are expected to hold at the mid-month's 3.4 percent, which was 1 tenth higher than June.
Canada's economic growth appears to be solid, led by resilient consumption. The gross domestic product in May is expected to rise 0.4 percent on the month after being flat in April. The Bank of Canada has forecast the GDP will grow at an annualized pace of 1.5 percent in April-June after surging 3.1 percent in January-March.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
