Guide to today’s important data and events

Lots of economic dockets scheduled for today and some with high risk associated.

Data released so far –

• Australia – National Australia Bank’s business confidence improved to 6 from 3, while business conditions improved to 12 compared to 8.

Upcoming –  

• Germany – WPI, CPI and HICP inflation, all will be released at 6:00 GMT.

• Japan – Machine tools orders report will be released at 6:00 GMT.

• India – Trade deficit may be announced today at 6:30 GMT. Manufacturing and industrial output will be released at 12:00 GMT.

• UK – Inflation readings that include PPI, HPI, PPI and CPI will be released at 8:30 GMT.

• United States – NFIB business optimism will be reported at 10:00 GMT. Terms of Trade will be released at 12:30 GMT. Monthly budget statement will be released at 18:00 GMT. FOMC member Williams is scheduled to speak at 19:00 GMT.

• Portugal – Likely to release consumer price index report today.

• New Zealand – Food Price index will be released at 22:45 GMT.

• Japan – Domestic corporate goods price will be announced at 23:50 GMT.