20 July 2022
Chris Scicluna
,
Emily Nicol
- German PPI remains extremely elevated, but there are hints that pipeline pressures might ease as long as natural gas flows resume
- Euro area consumer confidence index likely to remain near its record low
- Italian politics in focus as Draghi addresses the Senate this morning ahead of key confidence vote
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19 July 2022
Chris Scicluna
,
Emily Nicol
- Updated euro area inflation numbers will likely confirm a record high rate in June
- Euro area construction output probably made only modest recovery in May; the ECB’s latest bank lending survey will likely report a tightening of lending conditions
- US housing starts expected to have declined in June
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18 July 2022
Chris Scicluna
,
Emily Nicol
- The first ECB rate hike since the ill-fated tightening of 2011 expected on Thursday
- Contrasting with the ECB, the BoJ Policy Board meeting is widely expected to see policy left unchanged
- Data-wise, June CPI inflation figures are due from the euro area, UK and Japan
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13 July 2022
Chris Scicluna
,
Emily Nicol
- Japanese Reuters Tankan signals subdued business conditions at start of Q3
- BoF survey suggests steady French economic activity in June
- Final June inflation data to confirm flash estimates, with German rates lowered by temporary policy measures but French inflation boosted by higher energy and food prices
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12 July 2022
Chris Scicluna
,
Emily Nicol
- Japanese PPI data illustrate elevated pipeline price pressures
- German ZEW investor survey likely to echo pessimism recorded in last week’s Sentix survey
- US small business survey likely to report increased pessimism
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