Things To Look Out For Today - Events & Data (Ldn Times)...

00:50am  - Japan Retail Sales MoM (1.5%)
Europe:
08:00am  - Spanish CPI
08:30am  - Swedish GDP
09:30am  - UK Net Consumer Credit
09:30am  - UK Mortgage Approvals
10:00am  - Eurozone Economic Conf.
13:00pm  - German CPI
US:
15:00pm  - US Pending Home Sales
15:30pm  - US Dallas Fed Manf Activity
Market Focus this Morning...
- Of note the BoJ Monetary policy outlook report is on 31st July,  FOMC rate decision on the 1st August, Bank of England on the 2nd.
- US economy expanded at 4.1% in Q2 vs estimates of 4.1% with Q1 growth revised up to 2.2% vs 2% previously.
- President Trump’s former personal lawyer Michael Cohen said that Trump knew in advance about a June 2016 meeting in Trump Tower at which Russians offered to provide damaging information about his Democratic rival Hillary Clinton.
- EU's Barnier noted serious problems with the proposals in the UK's White Paper
- The proportion of voters who favour a referendum on the final terms of any Brexit deal has overtaken those who do not for the first time, according to a YouGov poll for The Times.
- Turkey considering stimulus measures to boost 2018 economic growth, according to two officials.
- Putin said the Yuan was moving towards becoming a reserve currency
- China must resist taking aggressive stimulus steps as it navigates troubled economic waters as they could add to excessive debt levels leading to an "abrupt adjustment", the IMF said Friday, after Chinese leaders last week signalled a shift toward looser fiscal policy to help barricade the world's second-largest economy against global economic turbulence.
- ‘French Watergate’ takes toll on Macron as his popularity collapses in France, after his failure to move on from a scandal involving his security aide.
- The ECB's forecasters see Eurozone economic growth moderating in the near-term with growth at 2.2% this year instead of 2.4% estimated a quarter ago.
- Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 2 rigs, according to the report, with the number of active oil rigs increasing by 3 to 861 this week, while the number of gas rigs dipped by 1, hitting 186.