German CPI flashes on Thursday aren’t expected to show much improvement unlike Eurozone flashes on Friday where forecasters see the headline slowing to 2.3 from 2.6 percent with the HICP reading, however, only seen slowing to 2.8 from 2.9percent. Australian monthly CPI on Wednesday is expected to cool to 3.4 from 3.8 percent in a report that will help set expectations for the Reserve Bank of Australia’s next move.
US durable goods orders on Monday are expected to recover only a portion of June’s sharp decline on aircraft cancellations. US consumer confidence on Tuesday is expected to remain depressed while PCE price indexes on Friday, part of the personal income and outlays report, are expected to show modest pressure on the month (up 0.2 percent) and no more than moderate pressure on the year (up 2.6 percent).
GDPs from India and Canada are both on Friday, with the former expected to slow to 6.9 from 7.8 percent year-over-year growth and the latter expected to slow to monthly growth of 0.1 from 0.2 percent.
