Headlines the Economic Calendar on Friday
1. Eurozone Consumer Price Inflation
In the Eurozone, Focus on CPI inflation figures for July. The consensus forecast is that the report will show consumer prices ease to 0.2% from 0.3%%.
Moreover, the Eurozone GDP will be published and it is expected to drop to -11.2% q-o-q growth. This would lead to an annual realization of -13.9%.
2. US Core PCE Price Index
The Fed’s preferred measure of inflation, the core PCE index, which calculates spending minus volatile food and energy costs, arrives along with personal spending and income numbers from the Commerce Department on Friday. The June core PCE is expected to remain unchanged at 1.0% year on year basis.
3. Canada GDP for May
Market consensus for Canada GDP growth is 3.5% m-o-m growth in May. A higher than expected reading should be taken as positive for the Canadian Dollar.
31 Jul 20 (Fri)
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