Highlights
In Germany, no revisions are expected to the provisional CPI data for June, which showed the annual inflation rate eased to 2.2 percent from 2.4 percent in May and that the rate measured in the harmonised index of consumer prices (HICP) also moderate to 2.5 percent from 2.8 percent.
In the UK monthly GDP data for May, the economy is expected to rise 0.2 percent from April, when it stagnated on the back of weak industrial production.
In the UK, both manufacturing output and overall industrial production are expected to rise 0.3 percent on the month in June following falls of 1.4 percent and 0.9 percent respectively in April.
The UK's overall goods deficit is expected to narrow from £19.61 billion in April to £16.1 billion in May.
In the US CPI data for June, overall consumer prices are expected to rise 0.1 percent on the month after coming in unchanged in May, which was way below expectations. Core prices increased 0.2 percent in May, which was slightly below expectations, with June's consensus also at 0.2 percent. Annual rates, which in May were 3.3 percent overall and 3.4 percent for the core, are expected at 3.1 and 3.5 percent, respectively.
New jobless claims for the July 6 are expected to come in at 239,000 versus 238,000 in the prior week. Claims have been moving higher in recent weeks.
The US Treasury's monthly statement is forecast to show a deficit of $83.0 billion in June, compared with a deficit of $227.8 billion seen a year earlier and a shortfall of $347.1 billion in May.
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a discussion on"Economic Inclusion" before the National Credit Union Administration Diversity, Equity, and Inclusion (DEI) Summit at 11:30 EDT (1530 GMT).
St. Louis Federal Reserve Bank President Alberto Musalem will participate in a fireside chat on the US economy and monetary policy before the Little Rock Regional Chamber's Power Up Little Rock event at 1 p.m. EDT (1700 GMT).
Singapore's GDP growth rate in the second quarter is expected to pick up to 0.5 percent after slowing to 0.1 percent in the first quarter from a high rate of 1.2 percent in the final quarter of 2023. From a year earlier, the economy is seen growing 2.7 percent in the January-March quarter after expanding at the same rate previously.
In the UK monthly GDP data for May, the economy is expected to rise 0.2 percent from April, when it stagnated on the back of weak industrial production.
In the UK, both manufacturing output and overall industrial production are expected to rise 0.3 percent on the month in June following falls of 1.4 percent and 0.9 percent respectively in April.
The UK's overall goods deficit is expected to narrow from £19.61 billion in April to £16.1 billion in May.
In the US CPI data for June, overall consumer prices are expected to rise 0.1 percent on the month after coming in unchanged in May, which was way below expectations. Core prices increased 0.2 percent in May, which was slightly below expectations, with June's consensus also at 0.2 percent. Annual rates, which in May were 3.3 percent overall and 3.4 percent for the core, are expected at 3.1 and 3.5 percent, respectively.
New jobless claims for the July 6 are expected to come in at 239,000 versus 238,000 in the prior week. Claims have been moving higher in recent weeks.
The US Treasury's monthly statement is forecast to show a deficit of $83.0 billion in June, compared with a deficit of $227.8 billion seen a year earlier and a shortfall of $347.1 billion in May.
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a discussion on"Economic Inclusion" before the National Credit Union Administration Diversity, Equity, and Inclusion (DEI) Summit at 11:30 EDT (1530 GMT).
St. Louis Federal Reserve Bank President Alberto Musalem will participate in a fireside chat on the US economy and monetary policy before the Little Rock Regional Chamber's Power Up Little Rock event at 1 p.m. EDT (1700 GMT).
Singapore's GDP growth rate in the second quarter is expected to pick up to 0.5 percent after slowing to 0.1 percent in the first quarter from a high rate of 1.2 percent in the final quarter of 2023. From a year earlier, the economy is seen growing 2.7 percent in the January-March quarter after expanding at the same rate previously.
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.
