Reply To: Traders Market Weekly: The Fed, Weed and Guns


U.K.’s conservative party leadership race will continue today with three candidates left.
Bank of England Governor Bailey said that a 50-bps rate hike is on the table for the next policy meeting, but it isn’t locked in. Italy’s Prime Minister Draghi is expected to address the Italian Senate, where he is expected to comment on rebuilding the governing coalition.
Germany’s June PPI was a bit cooler than expected, pressuring the yr/yr rate from a record high.
Eurozone’s May Current Account deficit EUR4.50 bln (last deficit of EUR5.80 bln)
Germany’s June PPI 0.6% m/m (expected 1.3%; last 1.6%); 32.7% yr/yr (expected 33.9%; last 33.6%)
U.K.’s June CPI 0.8% m/m (expected 0.7%; last 0.7%); 9.4% yr/yr (expected 9.3%; last 9.1%). June Core CPI 0.4% m/m (expected 0.5%; last 0.5%); 5.8% yr/yr, as expected (last 5.9%). June Input PPI 1.8% m/m (expected 1.4%; last 2.4%) and Output PPI 1.4% m/m (expected 1.1%; last 1.6%). May House Price Index 12.8% yr/yr (last 12.4%)