Guide to today’s important data and events

Not many economic dockets scheduled for today, however risk associated is low.

Data released so far -

• Australia - Retail sales grew 0.3% m/m in May.

• Japan - Services PMI grew to 51.8 in June, from 51.5 in May.

• China - HSBC services PMI dropped to 51.8 in June from 53.5 prior.

• Spain - PMI slowed to 56.1 compared to 58.4 prior.

Upcoming -

• Italy - Services PMI scheduled at 7:45 GMT. Expected 52.5 today.

• France - Services PMI is scheduled for release at 7:50 GMT.

• Germany - Services PMI scheduled at 7:55 GMT. Expected 54.2 today.

• Euro zone - Services PMI scheduled at 8:00 GMT. Expected 54.4 today. Euro zone retail sales to be released at 9:00 GMT. Expected to grow at 2.3% from a year ago.

• India - Reserve bank India (RBI) is expected to declare changes in FX reserve.