Guide to today’s important data and events

Lot of economic dockets scheduled for today, with high risks associated.

Data released so far -

• Australia - National Australia bank's business conditions rose to 11 in June from 6 prior, business confidence rose to 10 from 8.

• China - M2 money supply rose to 11.8% in June from 10.8% in May.

• Germany - German HICP dropped by -0.2% in May, up 0.1% on yearly basis.

• India - WPI inflation rose by 0.5% in June, first rise since January.

• Switzerland - Producer price index down by -0.1% in June and down -6.1% on yearly basis.

• Italy - Consumer price index rose by 0.2% in June.

Upcoming -

• UK - CPI, RPI, HPI and PPI inflation to be released at 8:30 GMT, followed by inflation hearing at 9:15 GMT and Governor Carney speech at 11:45 GMT.

• Germany - Zew survey to be released at 9:00 GMT.

• Euro zone - ZEW economic sentiment to be released at 9:00 GMT along with industrial production.

• US - US will announce NFIB business optimism at 10:00 GMT, followed by retails sales for June at 12:30 GMT along with export and import price index.