Economic Data Coming up in the European Session – Neal Bhai

0600 GMT – Germany May industrial production data
Prior release can be found here. A minor data point, but will be put together with factory output/orders data to provide a glimpse of sentiment towards the German economy. So far, things haven’t been going well (hence downward GDP forecast revisions) so let’s see if the softness is continuing.

0645 GMT – France May trade balance data
Prior report can be found here. Not a substantial data point by any means at this point in time.
0700 GMT – Switzerland June foreign currency reserves
Prior release can be found here. More like for-your-info data more than anything else.
0730 GMT – UK June Halifax house price index
Prior release can be found here. A general overview of the UK housing market, not a major data point by any means. For some background, the housing market has been cooling lately led by declines in London.
0800 GMT – Italy May retail sales data
Prior release can be found here. There was a major miss in the April figures so we’ll have to see if sentiment rebounds in May. Either way, a minor data point – provides a general overview of consumption patterns in the Italian economy.  – Neal Bhai Reports
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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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