Economic calendar: US retail sales, jobless claims and Fed members speeches in focus

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.

• Chip giant TSMC beats earnings forecasts, but issues cautious forward guidance

• Investors eye U.S. retail sales, jobless claims, and Fed members’ speeches

• PepsiCo and General Electric earnings are at the center of attention in U.S. earnings season

Macroeconomic Calendar (GMT times)

• 09:00 GMT – Eurozone: Final CPI inflation – expected 2.0% YoY (unchanged)

• 12:30 GMT – U.S.: Retail Sales (June)

  • Expected: +0.1% MoM vs –0.9% previously

  • Core Retail Sales: +0.3% MoM vs –0.3% in May

• 12:30 GMT – U.S.: Export Prices

  • Expected: 0.0% MoM vs –0.9% previously

• 12:30 GMT – U.S.: Initial Jobless Claims

  • Expected: 233k vs 227k forecast

• 12:30 GMT – U.S.: Philadelphia Fed Manufacturing Index

  • Expected: –1 vs –4 previously

• 14:00 GMT – U.S.: NAHB Housing Market Index

  • Expected: 33 vs 32 previously

• 14:00 GMT – U.S.: Congressional vote on stablecoin regulation

Fed Speakers

• 02:00 GMT – Fed’s Kugler

• 02:25 GMT  – Fed’s Daly

• 3:30 GMT – Fed’s Cook

Earnings Releases

Before U.S. market open

• Abbott Laboratories

• General Electric

• PepsiCo