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A ton of economic data will be released in Europe on Tuesday.Here’s what you need to know.
- France will deliver its latest reading on inflation at 1:30 a.m. ET when it reports CPI statistics. Economists are expecting a 0.5 per cent decrease.
- France will also report Q2 GDP at 1:30 a.m. Economists are forecasting that the economy contracted 0.1 per cent from the previous quarter.
- Germany reports GDP data at 2:00 a.m. Economists are expecting a 02 per cent increase from the previous quarter (seasonally adjusted).
- Back in France, non-farm payrolls will be announced at 2:45 a.m. Economists expect that employment growth contracted 0.1 per cent in the past quarter.
- Next up is Spain, which reports CPI numbers at 3:00 a.m. Economists expect that inflation fell 0.2 per cent from the previous month.
- Looking at inflation on the producer side, Switzerland reports PPI at 3:15 a.m. Economists are looking for a 0.2 per cent decline from the previous month.
- The Netherlands reports Q2 GDP at 3:30 a.m. and is expected to post a 0.3 per cent decline in economic growth from the previous quarter.
- The U.K. reports CPI and house prices at 4:30 a.m. Economists are expecting a 0.1 per cent decline in inflation since last month and a 1.5 per cent increase in house prices year-over-year.
- At 5:00 a.m. we get some euro area-wide economic data, with GDP (economists expecting -0.2 per cent from last quarter), industrial production (expected -0.7 per cent from last month), and economic sentiment as evidenced by the ZEW survey.
- In the U.S., NFIB Small Business Optimism numbers come out at 7:30 a.m. with economists expecting a 91.6 reading, up from 91.4.
- Then, at 8:30 a.m., inflation and sales data will be released in the United States–economists expect a 0.2 per cent increase in PPI from last month and a 0.3 per cent increase in advance retail sales.
- Finally, U.S. business inventories numbers will be released at 10:00 a.m., with economists expecting a 0.2 per cent increase.
Below, the key earnings announcements scheduled for the day.
- Estee Lauder (EL): $0.16
- Dick’s Sporting Goods (DKS): $0.64
- Nationstar Mortgage Holdings (NSM): $0.34
- Home Depot (HD): $0.97
- TJX Cos (TJX): $0.55
- JDS Uniphase (JDSU): $0.12
- KIT Digital (KITD): -$0.37
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.