Economic calendar: US retail sales, industrial production and UoM report in focus on Wall Street

• Stock markets are rising in the final session of the week
• U.S. retail sales and University of Michigan sentiment in the spotlight
• Monthly options expiration (Monthly OpEx) in the U.S. 
• Markets await the first updates from the planned Trump–Putin meeting (around 7 PM GMT)

Western equity indices are showing optimism today, but the same cannot be said for Chinese benchmarks. Weaker economic data from China have disappointed, with CHN.cash futures moving lower. At around 9:30 AM GMT, Chinese giant Alibaba (BABA.US) will release its earnings. The U.S. dollar is edging lower ahead of a series of key U.S. economic releases scheduled for today.

Economic Calendar

12:30 PM GMT – U.S.

• Retail sales (July): expected 0.6% m/m vs previous 0.6%

• Core retail sales: 0.3% m/m vs previous 0.5%

• Export prices: 0.1% m/m vs previous 0.5%

• Import prices: 0.1% m/m vs previous 0.1%

• NY Fed Manufacturing (August): expected 0 vs previous 5.5

12:30 PM GMT – Canada

• Wholesale sales: expected 0.7% vs previous 0.1%

• Manufacturing sales: expected 0.4% vs previous -0.9%

1:15 PM GMT – U.S.

• Industrial production (preliminary, July): expected 0% vs previous 0.3% in June

2 PM GMT – U.S.

• University of Michigan Consumer Sentiment (preliminary, August): expected 62 vs previous 61.7

  • Current conditions index: expected 67.5 vs 68

  • Expectations index: expected 58.4 vs 57.7

  • 1-year inflation expectations: 3.4% vs 3.4%

  • 5-year inflation expectations: 4.5% vs 4.4%

2 PM GMT – U.S.

• Business inventories: expected 0.2% m/m after 0% in previous reading