Guide to today’s important data and events

Lot of economic dockets to be released today, with medium risks associated.

Data released so far -

• Australia - CB leading indicator to be released dropped by -0.2% in June.

• China - CB leading economic index rose by 0.9% in July from 0.6% in June.

• New Zealand - RBNZ inflation expectations rose to 1.9% from 1.85% prior.

• Germany - Second quarter GDP rose by 0.4% q/q and 1.6% y/y. IFO business climate rose to 108.3, current assessment rose to 114.8 from 113.9 prior and expected came better than expected at 102.2 but marginally down from 102.3 prior.

Upcoming -

• US - Redbook index is scheduled for release at 12:55 GMT, followed by S&P Case/Shiller home prices at 13:00 GMT and preliminary reading on Markit services PMI at 13:45 GMT. New home sales to be released at 14:00 GMT, along with Consumer Confidence and Richmond FED Manufacturing index.

• New Zealand - Trade balance to be released at 22:45 GMT.

• Japan - Corporate service prices to be released at 23:50 GMT.

• Auctions - US will auction 1 month bills at 15:30 GMT and 2 year note at 17:00 GMT. Spain sold 3 month bills at -0.067%, lower than prior -0.053% and 9 month bills at 0.028%, higher than prior 0.022%.