Reply To: Traders Market Weekly: Jobs and Central Bankers

#40978
Truman
Participant

Eurozone’s July Business and Consumer Survey 99.0 (expected 102.0; last 103.5)
France’s June PPI 1.3% m/m (last -0.3%)
Italy’s May Industrial Sales 1.4% m/m (last 2.8%); 23.6% yr/yr (last 22.0%). June non-EU trade deficit EUR2.82 bln (last deficit of EUR260 mln)
Spain’s June Retail Sales 1.0% yr/yr (expected 1.3%; last 1.3%). Q2 Unemployment Rate 12.48% (expected 13.00%; last 13.65%). July Business Confidence -5.2 (last 2.3)
European Central Bank policymaker Visco said that the next ECB rate hike will depend on the trend in the real economy and that it is too early to say where rates will peak.
The spread between Italy’s 10-yr yield and Germany’s 10-yr yield is rising back to its high from mid-June.
Germany is likely to report hotter than expected July PPI at 8:00 ET after a sharp increase in a key regional inflation report.