European Central Bank will release its latest Monetary Policy Statement on Thursday, the 21st of July, so let’s take a closer look.
Swiss Trade Balance for June is up first at 6 AM. Trade surplus widened more than anticipated in May, rising to its highest level in 8 months.
UK Public Sector Net Borrowing for June is out at half past 8. Budget surplus reached 9.1 billion pounds in May, up from 8.4 billion a year ago.
UK Retail Sales for June come at the same time. Sales have been surprising on the upside for the past 2 months.
So the closely watched ECB Monetary Policy Statement follows at 11:45, and make sure you tune in for the press conference 45 minutes later. Traders are not anticipating any changes just yet, but policy makers could reveal their plans for the future.
The highly anticipated weekly update on US Jobless Claims will be available at half past noon GMT. Initial claims stood unchanged during the week ending July 9 whereas the continuing claims went up by 32 thousand during the week ending July 2.
Philadelphia Fed Manufacturing Index for July is out at the same time. The Index rebounded in June, following two months in the red.
And Canadian Wholesale Trade for May is released at this time as well. Sales returned to growth in April, having declined for the past 2 months.
Two news releases regarding the US economy in June are scheduled at 2, and Leading Index is one of them. The Index slipped in May on the back of a strong increase in initial jobless claims.
Existing Home Sales grew by 1.8% in May, and this was the strongest monthly gain in more than 9 years.
And Japanese Preliminary Manufacturing PMI for July is out last at 2 AM. The manufacturing sector has been contracting for the past 4 months.
I’m Celeste Skinner and you’ve been watching the Economic Calendar for Thursday. Check back in for the next overview of news releases for Friday. Goodbye.
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