06 July 2022
Chris Scicluna
,
Emily Nicol
- German factory orders avoid fourth successive drop but trend still very weak; manufacturing turnover up
- Euro area retail sales figures likely to remain subdued
- Politics dominate in the UK, with a majority of Brits wanting Johnson to quit; sterling to benefit as likelihood of Johnson’s departure increases
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05 July 2022
Chris Scicluna
,
Emily Nicol
- Japanese services PMI at 3rd-best on series despite downwards revision
- French manufacturing output ends losing streak with modest uptick up in May as car output rises
- UK new car sales have worst June since 1996
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04 July 2022
Chris Scicluna
,
Emily Nicol
- German goods trade balance in deficit for first time since 1991 as import price shock continues to reverberate
- ECB meeting account and (subdued) euro area retail sales data to come later in the week
- Japanese wage and spending figures to be watched this week
- US payrolls growth set to have slowed on concerns about economic outlook
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01 July 2022
Chris Scicluna
,
Emily Nicol
- Tankan reports rise in Japanese firms’ medium-term inflation expectations close to BoJ target
- Tokyo CPI inflation slips back on food prices; core measures edge higher but remain well below levels consistent with the BoJ’s targets
- Japanese labour market numbers softer than expected
- Flash euro area inflation estimate forecast to jump to a new record high
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30 June 2022
Chris Scicluna
,
Emily Nicol
- Chinese PMIs signal return to moderate expansion, with improvements in manufacturing and services activity
- French inflation jumps to a multi-decade high
- Despite a modest rise in German retail sales in May, spending on goods looks on track for a sharp drop in Q2
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