Guide to today’s important data and events

Today data risks are quite high across board. Focus is on manufacturing PMI across globe and inflation data from US and UK.

Data released so far -

• Japan - Manufacturing PMI came at 50.4, lower than prior 51.6 and expected at 52.1.
  
  
• China - HSBC manufacturing PMI fell to 49.2 compared to prior 50.7. CB leading economic index improved to 1.5 compared to prior 0.9.

Upcoming -

• France - Markit PMI to be released at 8:00 GMT. Vital to see if growth dynamics changing in France.
  
  
• Germany - Markit PMI to be released at 8:30 GMT. Robust data would help German stocks to move higher.
  
  
• Euro zone - Eurozone PMI details to be released at 9:00 GMT.
  
  
• Italy - Wage inflation statistics to be published at 9:00 GMT.
  
  
• UK - Lot many data to be released at 9:30 GMT. Consumer and producer price index along with retail price index. Vital for pound. Weaker data might push pound further downwards.
  
  
• US - Lot many data to be released today. Most important are Consumer price index to be released at 12:30 GMT, Markit manufacturing PMI at 13:45 GMT, New home sales due at 14:00 GMT. Low key data are Redbook index scheduled at 12:55 GMT and House price index at 13:00 GMT.
  
  
• New Zealand - Trade balance statistics to be released at 21:45 GMT.
  
  
• Auctions - 1 month and 2 year bills to be auctioned by US around 15:30 GMT and 17:00 GMT respectively.