In the US, the most important releases are inflation rate; producer prices; JOLTs job openings; consumer credit change; IBD/TIPP Economic Optimism; the government's monthly budget statement; and the final reading of wholesale inventories.
The UK will publish the preliminary reading of second-quarter GDP growth, alongside monthly GDP figures, business investment, industrial production, construction output, trade balance and Halifax house prices. Elsewhere in Europe, markets will focus on: Germany factory orders, industrial production and trade balance; France foreign trade and industrial output; Italy trade balance; Switzerland unemployment; and inflation rates for the Netherlands, Ireland and Sweden.
In Japan, analysts are eyeing the publication of the preliminary estimate of Q2 GDP growth rate, alongside household spending, average cash earnings, machinery orders, leading and coincident indexes, current account and producer prices. Meanwhile, China will release figures for trade balance, inflation and producer prices; while in Australia the RBA will be deciding on monetary policy, with markets anticipating no changes.
Other key highlights include: New Zealand and the Philippines interest rate decisions; Indonesia, the Philippines and Hong Kong Q2 GDP growth rates; Canada employment figures, Ivey PMI, housing starts and house prices; Mexico and Brazil inflation rates; and Russia Q2 GDP growth, inflation and trade balance.