Reply To: Traders Market Weekly: Inflation and Bear Market Rallies

#41317
Truman
Participant

German Chancellor Scholz warned that further reductions of the supply of energy to Europe should be expected. Liz Truss is reportedly ahead of Rishi Sunak in the race to lead the U.K.’s Conservative party. BMW lowered its production forecast for the year. Societe Generale reported better than expected results for Q2.
Eurozone’s June PPI 1.1% m/m (expected 1.0%; last 0.5%); 35.8% yr/yr (expected 35.7%; last 36.2%). June Retail Sales -1.2% m/m (expected 0.1%; last 0.4%); -3.7% yr/yr (expected -1.7%; last 0.4%). July Services PMI 51.2 (expected 50.6; last 53.0)
Germany’s June trade surplus EUR6.40 bln (expected surplus of EUR200 mln; last surplus of EUR800 mln). June Imports 0.2% m/m (expected 1.3%; last 3.2%) and Exports 4.5% m/m (expected 1.0%; last 1.3%)
U.K.’s July Services PMI 52.6 (expected 53.3; last 54.3) o France’s July Services PMI 53.2 (expected 52.1; last 53.9)
Italy’s June Retail Sales -1.1% m/m (last 2.0%); 1.4% yr/yr (last 6.8%). July Services PMI 48.4 (expected 50.1; last 51.6)
Spain’s July Services PMI 53.8 (expected 52.0; last 54.0)
Swiss July CPI 0.0% m/m (expected -0.1%; last 0.5%); 3.4% yr/yr (expected 3.5%; last 3.4%)