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13.07.26 - 17:09
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Key Events This Week: CPI, PPI, Retail Sales, Warsh Testifies, China Data, And Earnings Galore (ZeroHedge)
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Key Events This Week: CPI, PPI, Retail Sales, Warsh Testifies, China Data, And Earnings Galore
As well as two epic World Cup semi-finals before that, and the start of the Open golf it's a packed week ahead in markets, writes DB's Jim Reid.
The headline events are tomorrow's US CPI and Wednesday's US PPI, alongside Fed Chair Warsh's first Humphrey–Hawkins testimony before the House Financial Services Committee (tomorrow) and the Senate Banking Committee (Wednesday). Elsewhere, key data includes China's Q2 GDP and their monthly data dump (Wednesday) and the UK's May monthly GDP (Thursday) as well as the announcement of a new leader of the ruling UK Labour Party as a special conference on Friday.
Let's run through the key details of the week ahead.
Front and centre is tomorrow's US CPI report. DB economists expect lower gas prices to pull headline CPI down by -0.16% (vs. +0.47% in May), with core at +0.23% (vs. +0.21% previously). On a year-over-year basis, headline inflation is proje...
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