Reply To: Traders Market Weekly: it’s a Mad, Mad World of Political Uncertainty

#74959
Truman
Participant

The U.K.’s Q1 GDP was revised slightly higher while flash June CPI readings from France and Spain showed another deceleration in the yr/yr inflation rate.

The latest Consumer Expectations survey for the eurozone showed that year-ahead inflation expectations remained at 2.8% while the three-year outlook dipped to 2.3% from 2.4%.

Germany
May Import Price Index 0.0% m/m (expected 0.2%; last 0.7%); -0.4% yr/yr (expected -0.3%; last -1.7%).
June Unemployment Change 19,000 (expected 14,000; last 25,000)
Unemployment Rate 6.0% (expected 5.9%; last 5.9%)

U.K.
Q1 GDP 0.7% qtr/qtr (expected 0.6%; last -0.3%); 0.3% yr/yr (expected 0.2%; last -0.2%).
Q1 Current Account deficit GBP21.0 bln (expected deficit of GBP17.7 bln; last deficit of GBP21.2 bln)

France
June CPI 0.1% m/m, as expected (last 0.0%); 2.1% yr/yr (last 2.3%).
May PPI -1.4% m/m (last -3.6%); -6.7% yr/yr (last -6.7%).
May Consumer Spending 1.5% m/m (expected 0.2%; last -0.9%)

Italy
June CPI 0.1% m/m (expected 0.2%; last 0.2%); 0.8% yr/yr (expected 1.0%; last 0.8%).
April Industrial Sales 0.8% m/m (last -2.8%); -2.0% yr/yr (last -5.1%).
May non-EU trade surplus EUR5.77 bln (last surplus of EUR4.91 bln)

Spain
June CPI 0.3% m/m (expected 0.2%; last 0.3%); 3.4% yr/yr, as expected (last 3.6%).
June Core CPI 3.0% yr/yr (last 3.0%).
April Current Account surplus EUR2.83 bln (last EUR3.29 bln)

Swiss
June KOF Leading Indicators 102.7 (expected 101.0; last 102.2).