10 Things You Need to Know This Week

Japan Growth Domestic Product Q2

On Sunday at 23:50 GMT, Japan will publish its economic growth for the second quarter. The figure for Japan GDP is expected to fall to 0.2% from 0.5% in the previous quarter. YoY data is expected to weaken to 0.7% from 1.9% the previous year.

Australia RBA Minutes

On Tuesday at 1:30 GMT the Reserve bank of Australia will cover the latest policy decisions made by RBA. The minutes might reveal some clues regarding easing policy plans by the Australian policymakers.

UK Consumer Price Index

UK CPI will be published on Tuesday at 8:30 GMT. Prices are expected to rise by 0.5% in July after an increase of 0.5% in June.

On the same day, BoE governor Mark Carney and other committee members will give us a glimpse of UK economic outlook and inflation prospects.

German Zew August

The Zew sentiment data is expected to rise by 1.7 from -6.8 in the previous month. Zew Current condition index is forecast to climb to 50.0 from 49.8.

US Core CPI

US Price growth will be published at 12:30 GMT on Tuesday and expected to rise by 0.3% in July from 0.2% the previous month. On yearly base, core CPI is expected to rise 1.0% compared to 2.3% a year earlier.

UK Claimant Count Change & Unemployment Rate

On Wednesday at 8:30 GMT, July climate count change is forecast to surge to 8800 from 400. July unemployment rate is forecast to rise to 5.0% from 4.9%.

FOMC Minutes Meeting

On Wednesday at 18:00 GMT, the federal reserve will publish its minutes of July policy meeting. At their last meeting, the Fed committee left interest rates unchanged, noted that the labor market is strong and specify decreasing global risks.

Fed funds futures for September are trading at 15% chance of a rate hike and 45.1% for December.

Australia & New Zealand Employment Change

On Tuesday at 22:45 GMT, the New Zealand unemployment rate is expected to be released at 5.2% compared to 5.7% in the previous quarter.

On Thursday at 1:30 GMT, the Australian unemployment rate is expected to rise to 5.9% from 5.8%.

UK Retail Sales

On Thursday at 8:30 GMT, sales in July are expected to grow by 0.3% compared to a fall of 0.9 the previous month. YoY sales are expected to rise to 4.2% from 4.3% a year earlier.

Canada Consumer Price Index

Canada CPI will be published on Friday at 12:30 GMT. The Monthly figure moves to -0.1% from 0.2%. YoY price growth is forecast to rise by 1.3%, down from 1.5% in June. Core CPI is expected to hold at 2.1% YoY.