Today’s session will feature mostly smaller data releases, mainly from the Eurozone. The PMI data season is coming to an end, although a batch of construction sector reports is still due on Wednesday. Eurozone retail sales will be the most significant release today, especially in the context of a recovering domestic demand amid a new trade reality.
On the other side of the Atlantic, attention turns to the EIA report on energy commodities and speeches from Federal Reserve members. Overnight, China will publish its latest trade balance, which is particularly significant in light of tariffs, ongoing U.S. negotiations, and China’s export-driven economic model.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appEarnings reports expected today include: McDonald’s, Airbnb, Walt Disney, Sarepta Therapeutics, Uber, Shopify.
Economic Calendar for Today:
07:00 BST, Germany – Factory Orders for June:
-
Actual: -1.0% MoM; Forecast: 1.2% MoM; Previous: -0.8% MoM
09:00 BST, Italy – Industrial Production for June:
-
Forecast: -0.1% MoM; Previous: -0.7% MoM
09:30 BST, United Kingdom – July PMI Report:
-
Construction PMI: Forecast: 48.9; Previous: 48.8
10:00 BST, Eurozone – Retail Sales for June:
-
MoM: Forecast: 0.4%; Previous: -0.7%
-
YoY: Forecast: 2.6%; Previous: 1.8%
15:30 BST, United States – EIA Report:
-
Crude Oil Inventories: Forecast: +0.200M; Previous: +7.698M
-
Refinery Crude Runs WoW: Previous: -0.025M
-
Crude Oil Imports: Previous: 1.317M
-
Cushing Crude Inventories: Previous: 0.690M
-
Distillate Fuel Production: Previous: 0.130M
-
Distillates Stocks: Previous: 3.635M
-
Gasoline Production: Previous: 0.676M
-
Heating Oil Inventories: Previous: 0.739M
-
Weekly Refinery Utilization: Previous: -0.1% WoW
-
Gasoline Inventories: Previous: -2.724M
18:00 BST, United States – 10-Year Treasury Auction: Previous: 4.362%
19:00 BST, United States – Fed Members Cook and Collins Speak
21:10 BST, United States – FOMC Member Daly Speaks
02:30 BST (next day), Australia – Trade Balance for June
04:00 BST (next day), China – Trade Balance for June
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
