Economic calendar: Focus on US retail sales

US retail sales data expected to show increase in July
Q2 GDP report from Poland

European stock markets opened slightly lower today as investors await key hard data from the United States. Retail sales reading for July will show how US spending coped amid expiring unemployment benefits. Apart from that, investors will be served US industrial production data and Michigan consumer sentiment index.

9:00 am BST - Poland, GDP report for Q2 2020. Expected: -9.6% QoQ. Previous: -0.4% QoQ

10:00 am BST - Euro area, GDP report for Q2 2020 (revision). Preliminary release: -12.1% QoQ

1:30 pm BST - US, retail sales for July.

Headline. Expected: 1.8% MoM
Ex-autos. Expected: 1.6% MoM

2:15 pm BST - US, industrial production for July. Expected: 3% MoM. Previous: 5.4% MoM

3:00 pm BST - US, UoM Consumer Sentiment for July. Expected: 72. Previous: 72.5

6:00 pm BST - US, oil rig count. Previous: 176

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Economic calendar: Focus on US retail sales

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