European and U.S. indices continue to climb on Thursday morning. Today almost all macro focus will be on the key US macro data, especially retail sales.
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Chip giant TSMC beats earnings forecasts, but issues cautious forward guidance
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Investors eye U.S. retail sales, jobless claims, and Fed members’ speeches
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PepsiCo and General Electric earnings are at the center of attention in U.S. earnings season
Macroeconomic Calendar (GMT times)
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09:00 GMT – Eurozone: Final CPI inflation – expected 2.0% YoY (unchanged)
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12:30 GMT – U.S.: Retail Sales (June)
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Expected: +0.1% MoM vs –0.9% previously
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Core Retail Sales: +0.3% MoM vs –0.3% in May
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12:30 GMT – U.S.: Export Prices
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Expected: 0.0% MoM vs –0.9% previously
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12:30 GMT – U.S.: Initial Jobless Claims
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Expected: 233k vs 227k forecast
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12:30 GMT – U.S.: Philadelphia Fed Manufacturing Index
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Expected: –1 vs –4 previously
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14:00 GMT – U.S.: NAHB Housing Market Index
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Expected: 33 vs 32 previously
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14:00 GMT – U.S.: Congressional vote on stablecoin regulation
Fed Speakers
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02:00 GMT – Fed’s Kugler
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02:25 GMT – Fed’s Daly
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3:30 GMT – Fed’s Cook
Earnings Releases
Before U.S. market open
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Abbott Laboratories
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General Electric
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PepsiCo
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