Daily Economic Calendar, July 28, 2017 – US GDP in Focus

Friday brings a number of known market movers, so let’s take a closer look with the Economic Calendar.
Coming up first at 5:30 AM is the preliminary estimate of French second quarter GDP. The French economy has been growing at a steady point 5% pace for the past two quarters, beating expectations.

Swiss KOF Economic Barometer for July follows at 7. Index rebounded in June from the 5-month low reached the previous month.
The closely watched German Preliminary July CPI is out at noon GMT. The annual inflation was unchanged in June, but prices did grow on a monthly basis.
Another high importance release, the preliminary US second quarter GDP, will be available at half past 12. The preliminary first quarter reading showed the slowest growth in 3 years, but it was later revised upwards.
Canadian May GDP comes at the same time, and it’s a high importance release for the Loonie Dollar traders. Canadian economy continued growing in April, although at a slower pace than the point 5% gain a month ago.
And the final reading of University of Michigan Consumer Confidence for July is scheduled at 2. The initial estimate suggests the Index has dropped by no less than 2 points.