Summary:
- Industrial production data from euro area to be released in the morning
- US PPI inflation expected to have decelerated in June
- Czech National Bank and Riksbank to publish Minutes
10:00 am BST - Industrial production for May from euro area. The industrial production data from the euro area countries released earlier this week turned out to be a disappointment. As PMI indices remain at depressed levels and the global economy is heading for a slowdown, there is little scope for a major rebound in the European manufacturing sector. Data for May is expected to show a decline of 1.6% YoY and an advance of 0.2% MoM.
1:30 pm BST - PPI inflation for June from the United States. Yesterday’s release of the US CPI inflation for June showed a deceleration from 1.8% YoY to 1.6% YoY, in line with market expectations. The PPI reading is not as closely watched by market participants as the CPI one and therefore seldom triggers any bigger market reaction. However, in case the PPI continues to decelerate it may become a source of concern. Market expects a slowdown to 1.6% YoY in June.
Central bank’s minutes:
- 9:00 am BST - Czech National Bank
- 9:30 am BST - Riksbank
Central bankers’ speeches:
- 9:30 am BST - BoE’s Vlieghe
- 10:00 am BST - ECB’s Visco
- 3:00 pm BST - Fed’s Evans
