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    Economic Calendar

    Eco Data 7/7/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:30 JPY Labor Cash Earnings Y/Y May 1.00% 2.40% 2.30% 2.00%
    05:00 JPY Leading Economic Index May P 105.3 105.3 104.2
    06:00 EUR Germany Industrial Production M/M May 1.20% -0.60% -1.40%
    07:00 CHF Foreign Currency Reserves (CHF) Jun 713B 704B
    08:30 EUR Eurozone Sentix Investor Confidence Jul 4.5 1.1 0.2
    09:00 EUR Eurozone Retail Sales M/M May -0.70% -0.80% 0.10% 0.30%
    GMT Ccy Events
    23:30 JPY Labor Cash Earnings Y/Y May
        Actual: 1.00% Forecast: 2.40%
        Previous: 2.30% Revised: 2.00%
    05:00 JPY Leading Economic Index May P
        Actual: 105.3 Forecast: 105.3
        Previous: 104.2 Revised:
    06:00 EUR Germany Industrial Production M/M May
        Actual: 1.20% Forecast: -0.60%
        Previous: -1.40% Revised:
    07:00 CHF Foreign Currency Reserves (CHF) Jun
        Actual: 713B Forecast:
        Previous: 704B Revised:
    08:30 EUR Eurozone Sentix Investor Confidence Jul
        Actual: 4.5 Forecast: 1.1
        Previous: 0.2 Revised:
    09:00 EUR Eurozone Retail Sales M/M May
        Actual: -0.70% Forecast: -0.80%
        Previous: 0.10% Revised: 0.30%

    Summary 7/7 – 7/11

    Monday, Jul 7, 2025

    GMT Ccy Events Consensus Previous
    23:30 JPY Labor Cash Earnings Y/Y May 2.40% 2.30%
    05:00 JPY Leading Economic Index May P 105.3 104.2
    06:00 EUR Germany Industrial Production M/M May -0.60% -1.40%
    07:00 CHF Foreign Currency Reserves (CHF) Jun 704B
    08:30 EUR Eurozone Sentix Investor Confidence Jul 1.1 0.2
    09:00 EUR Eurozone Retail Sales M/M May -0.80% 0.10%
    23:50 JPY Bank Lending Y/Y Jun 2.30% 2.40%
    23:50 JPY Current Account (JPY) May 2.58T 2.31T
    GMT Ccy Events
    23:30 JPY Labor Cash Earnings Y/Y May
        Forecast: 2.40% Previous: 2.30%
    05:00 JPY Leading Economic Index May P
        Forecast: 105.3 Previous: 104.2
    06:00 EUR Germany Industrial Production M/M May
        Forecast: -0.60% Previous: -1.40%
    07:00 CHF Foreign Currency Reserves (CHF) Jun
        Forecast: Previous: 704B
    08:30 EUR Eurozone Sentix Investor Confidence Jul
        Forecast: 1.1 Previous: 0.2
    09:00 EUR Eurozone Retail Sales M/M May
        Forecast: -0.80% Previous: 0.10%
    23:50 JPY Bank Lending Y/Y Jun
        Forecast: 2.30% Previous: 2.40%
    23:50 JPY Current Account (JPY) May
        Forecast: 2.58T Previous: 2.31T

    Tuesday, Jul 8, 2025

    GMT Ccy Events Consensus Previous
    01:30 AUD NAB Business Confidence Jun 2
    01:30 AUD NAB Business Conditions Jun 0
    04:30 AUD RBA Interest Rate Decision 3.60% 3.85%
    05:00 JPY Eco Watchers Survey: Current Jun 45.2 44.4
    05:30 AUD RBA Press Conference
    06:00 EUR Germany Trade Balance (EUR) May 18.1B 14.6B
    06:45 EUR France Trade Balance (EUR) May -7.7B -8.0B
    10:00 USD NFIB Business Optimism Index Jun 98.9 98.8
    14:00 CAD Ivey PMI Jun 49.1 48.9
    23:50 JPY Money Supply M2+CD Y/Y Jun 0.20% 0.60%
    GMT Ccy Events
    01:30 AUD NAB Business Confidence Jun
        Forecast: Previous: 2
    01:30 AUD NAB Business Conditions Jun
        Forecast: Previous: 0
    04:30 AUD RBA Interest Rate Decision
        Forecast: 3.60% Previous: 3.85%
    05:00 JPY Eco Watchers Survey: Current Jun
        Forecast: 45.2 Previous: 44.4
    05:30 AUD RBA Press Conference
        Forecast: Previous:
    06:00 EUR Germany Trade Balance (EUR) May
        Forecast: 18.1B Previous: 14.6B
    06:45 EUR France Trade Balance (EUR) May
        Forecast: -7.7B Previous: -8.0B
    10:00 USD NFIB Business Optimism Index Jun
        Forecast: 98.9 Previous: 98.8
    14:00 CAD Ivey PMI Jun
        Forecast: 49.1 Previous: 48.9
    23:50 JPY Money Supply M2+CD Y/Y Jun
        Forecast: 0.20% Previous: 0.60%

    Wednesday, Jul 9, 2025

    GMT Ccy Events Consensus Previous
    01:30 CNY CPI Y/Y Jun -0.10% -0.10%
    01:30 CNY PPI Y/Y Jun -3.20% -3.30%
    02:00 NZD RBNZ Interest Rate Decision 3.25% 3.25%
    06:00 JPY Machine Tool Orders Y/Y Jun 3.40% 3.40%
    14:00 USD Wholesale Inventories May F -0.30% -0.30%
    14:30 USD Crude Oil Inventories 3.8M
    18:00 USD FOMC Minutes
    23:50 JPY PPI Y/Y Jun 3.20%
    GMT Ccy Events
    01:30 CNY CPI Y/Y Jun
        Forecast: -0.10% Previous: -0.10%
    01:30 CNY PPI Y/Y Jun
        Forecast: -3.20% Previous: -3.30%
    02:00 NZD RBNZ Interest Rate Decision
        Forecast: 3.25% Previous: 3.25%
    06:00 JPY Machine Tool Orders Y/Y Jun
        Forecast: 3.40% Previous: 3.40%
    14:00 USD Wholesale Inventories May F
        Forecast: -0.30% Previous: -0.30%
    14:30 USD Crude Oil Inventories
        Forecast: Previous: 3.8M
    18:00 USD FOMC Minutes
        Forecast: Previous:
    23:50 JPY PPI Y/Y Jun
        Forecast: Previous: 3.20%

    Thursday, Jul 10, 2025

    GMT Ccy Events Consensus Previous
    12:30 USD Initial Jobless Claims (Jul 4) 233K
    14:30 USD Natural Gas Storage 55B
    22:30 NZD Business NZ PMI Jun 47.5
    GMT Ccy Events
    12:30 USD Initial Jobless Claims (Jul 4)
        Forecast: Previous: 233K
    14:30 USD Natural Gas Storage
        Forecast: Previous: 55B
    22:30 NZD Business NZ PMI Jun
        Forecast: Previous: 47.5

    Friday, Jul 11, 2025

    GMT Ccy Events Consensus Previous
    06:00 EUR Germany CPI M/M Jun F 0% 0%
    06:00 EUR Germany CPI Y/Y Jun F 2% 2%
    06:00 GBP GDP M/M May -0.30%
    06:00 GBP Manufacturing Production M/M May -0.90%
    06:00 GBP Manufacturing Production Y/Y May 0.40%
    06:00 GBP Industrial Production Y/Y May -0.30%
    06:00 GBP Industrial Production M/M May -0.60%
    06:00 GBP Goods Trade Balance (GBP) May -23.2B
    12:30 CAD Net Change in Employment Jun 8.8K
    12:30 CAD Unemployment Rate Jun 7%
    12:30 CAD Building Permits M/M May -6.60%
    GMT Ccy Events
    06:00 EUR Germany CPI M/M Jun F
        Forecast: 0% Previous: 0%
    06:00 EUR Germany CPI Y/Y Jun F
        Forecast: 2% Previous: 2%
    06:00 GBP GDP M/M May
        Forecast: Previous: -0.30%
    06:00 GBP Manufacturing Production M/M May
        Forecast: Previous: -0.90%
    06:00 GBP Manufacturing Production Y/Y May
        Forecast: Previous: 0.40%
    06:00 GBP Industrial Production Y/Y May
        Forecast: Previous: -0.30%
    06:00 GBP Industrial Production M/M May
        Forecast: Previous: -0.60%
    06:00 GBP Goods Trade Balance (GBP) May
        Forecast: Previous: -23.2B
    12:30 CAD Net Change in Employment Jun
        Forecast: Previous: 8.8K
    12:30 CAD Unemployment Rate Jun
        Forecast: Previous: 7%
    12:30 CAD Building Permits M/M May
        Forecast: Previous: -6.60%

    Eco Data 7/4/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:30 JPY Household Spending Y/Y May 4.70% 1.20% -0.10%
    06:00 EUR Germany Factory Orders M/M May -1.40% -0.20% 0.60%
    06:45 EUR France Industrial Output M/M May -0.50% 0.40% -1.40%
    07:00 CHF Unemployment Rate Jun 2.90% 2.90% 2.90% 2.80%
    08:30 GBP Construction PMI Jun 48.8 48.6 47.9
    09:00 EUR Eurozone PPI M/M May -0.60% -0.60% -2.20%
    09:00 EUR Eurozone PPI Y/Y May 0.30% 0.30% 0.70%
    GMT Ccy Events
    23:30 JPY Household Spending Y/Y May
        Actual: 4.70% Forecast: 1.20%
        Previous: -0.10% Revised:
    06:00 EUR Germany Factory Orders M/M May
        Actual: -1.40% Forecast: -0.20%
        Previous: 0.60% Revised:
    06:45 EUR France Industrial Output M/M May
        Actual: -0.50% Forecast: 0.40%
        Previous: -1.40% Revised:
    07:00 CHF Unemployment Rate Jun
        Actual: 2.90% Forecast: 2.90%
        Previous: 2.90% Revised: 2.80%
    08:30 GBP Construction PMI Jun
        Actual: 48.8 Forecast: 48.6
        Previous: 47.9 Revised:
    09:00 EUR Eurozone PPI M/M May
        Actual: -0.60% Forecast: -0.60%
        Previous: -2.20% Revised:
    09:00 EUR Eurozone PPI Y/Y May
        Actual: 0.30% Forecast: 0.30%
        Previous: 0.70% Revised:

    Eco Data 7/3/25

    GMT Ccy Events Actual Consensus Previous Revised
    00:30 JPY Services PMI Jun F 51.7 51.5 51.5
    01:30 AUD Trade Balance (AUD) May 2.24B 5.08B 5.41B 4.86B
    01:45 CNY Caixin Services PMI Jun 50.6 51 51.1
    06:30 CHF CPI M/M Jun 0.20% 0.10% 0.10%
    06:30 CHF CPI Y/Y Jun 0.10% -0.10% -0.10%
    07:50 EUR France Services PMI Jun F 49.6 48.7 48.7
    07:55 EUR Germany Services PMI Jun F 49.7 49.4 49.4
    08:00 EUR Eurozone Services PMI Jun F 50.5 50 50
    08:30 GBP Services PMI Jun F 52.8 51.3 51.3
    11:30 EUR ECB Meeting Accounts
    12:30 CAD Trade Balance (CAD) May -5.9B -6.0B -7.1B -7.6B
    12:30 USD Initial Jobless Claims (Jun 27) 233K 239K 236K 237K
    12:30 USD Nonfarm Payrolls Jun 147K 110K 139K 144K
    12:30 USD Unemployment Rate Jun 4.10% 4.30% 4.20%
    12:30 USD Average Hourly Earnings M/M Jun 0.20% 0.30% 0.40%
    12:30 USD Trade Balance (USD) May -71.5B -69.9B -61.6B -60.3B
    13:45 USD Services PMI Jun F 52.9 53.1 53.1
    14:00 USD ISM Services PMI Jun 50.8 50.3 49.9
    14:00 USD Factory Orders M/M May 8.20% 7.90% -3.70% -3.90%
    14:30 USD Natural Gas Storage 55B 48B 96B
    GMT Ccy Events
    00:30 JPY Services PMI Jun F
        Actual: 51.7 Forecast: 51.5
        Previous: 51.5 Revised:
    01:30 AUD Trade Balance (AUD) May
        Actual: 2.24B Forecast: 5.08B
        Previous: 5.41B Revised: 4.86B
    01:45 CNY Caixin Services PMI Jun
        Actual: 50.6 Forecast: 51
        Previous: 51.1 Revised:
    06:30 CHF CPI M/M Jun
        Actual: 0.20% Forecast: 0.10%
        Previous: 0.10% Revised:
    06:30 CHF CPI Y/Y Jun
        Actual: 0.10% Forecast: -0.10%
        Previous: -0.10% Revised:
    07:50 EUR France Services PMI Jun F
        Actual: 49.6 Forecast: 48.7
        Previous: 48.7 Revised:
    07:55 EUR Germany Services PMI Jun F
        Actual: 49.7 Forecast: 49.4
        Previous: 49.4 Revised:
    08:00 EUR Eurozone Services PMI Jun F
        Actual: 50.5 Forecast: 50
        Previous: 50 Revised:
    08:30 GBP Services PMI Jun F
        Actual: 52.8 Forecast: 51.3
        Previous: 51.3 Revised:
    11:30 EUR ECB Meeting Accounts
        Actual: Forecast:
        Previous: Revised:
    12:30 CAD Trade Balance (CAD) May
        Actual: -5.9B Forecast: -6.0B
        Previous: -7.1B Revised: -7.6B
    12:30 USD Initial Jobless Claims (Jun 27)
        Actual: 233K Forecast: 239K
        Previous: 236K Revised: 237K
    12:30 USD Nonfarm Payrolls Jun
        Actual: 147K Forecast: 110K
        Previous: 139K Revised: 144K
    12:30 USD Unemployment Rate Jun
        Actual: 4.10% Forecast: 4.30%
        Previous: 4.20% Revised:
    12:30 USD Average Hourly Earnings M/M Jun
        Actual: 0.20% Forecast: 0.30%
        Previous: 0.40% Revised:
    12:30 USD Trade Balance (USD) May
        Actual: -71.5B Forecast: -69.9B
        Previous: -61.6B Revised: -60.3B
    13:45 USD Services PMI Jun F
        Actual: 52.9 Forecast: 53.1
        Previous: 53.1 Revised:
    14:00 USD ISM Services PMI Jun
        Actual: 50.8 Forecast: 50.3
        Previous: 49.9 Revised:
    14:00 USD Factory Orders M/M May
        Actual: 8.20% Forecast: 7.90%
        Previous: -3.70% Revised: -3.90%
    14:30 USD Natural Gas Storage
        Actual: 55B Forecast: 48B
        Previous: 96B Revised:

    Eco Data 7/2/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:50 JPY Monetary Base Y/Y Jun -3.50% -3.50% -3.40%
    01:30 AUD Retail Sales M/M May 0.20% 0.30% -0.10% 0.00%
    01:30 AUD Building Permits M/M May 3.20% 5.00% -5.70% -4.10%
    09:00 EUR Eurozone Unemployment Rate May 6.30% 6.20% 6.20%
    11:30 USD Challenger Job Cuts Y/Y Jun -1.60% 47.00%
    12:15 USD ADP Employment Change Jun -33K 105K 37K 29K
    13:30 CAD Manufacturing PMI Jun 45.6 46.1
    14:30 USD Crude Oil Inventories 3.8M -3.5M -5.8M
    GMT Ccy Events
    23:50 JPY Monetary Base Y/Y Jun
        Actual: -3.50% Forecast: -3.50%
        Previous: -3.40% Revised:
    01:30 AUD Retail Sales M/M May
        Actual: 0.20% Forecast: 0.30%
        Previous: -0.10% Revised: 0.00%
    01:30 AUD Building Permits M/M May
        Actual: 3.20% Forecast: 5.00%
        Previous: -5.70% Revised: -4.10%
    09:00 EUR Eurozone Unemployment Rate May
        Actual: 6.30% Forecast: 6.20%
        Previous: 6.20% Revised:
    11:30 USD Challenger Job Cuts Y/Y Jun
        Actual: -1.60% Forecast:
        Previous: 47.00% Revised:
    12:15 USD ADP Employment Change Jun
        Actual: -33K Forecast: 105K
        Previous: 37K Revised: 29K
    13:30 CAD Manufacturing PMI Jun
        Actual: 45.6 Forecast:
        Previous: 46.1 Revised:
    14:30 USD Crude Oil Inventories
        Actual: 3.8M Forecast: -3.5M
        Previous: -5.8M Revised:

    Eco Data 7/1/25

    GMT Ccy Events Actual Consensus Previous Revised
    22:00 NZD NZIER Business Confidence Q2 22 19
    22:45 NZD Building Permits M/M May 10.40% -15.60% -14.60%
    23:01 GBP BRC Shop Price Index Y/Y Jun 0.40% -0.10%
    23:50 JPY Tankan Large Manufacturing Index Q2 13 10 12
    23:50 JPY Tankan Large Manufacturing Outlook Q2 12 9 12
    23:50 JPY Tankan Non - Manufacturing Index Q2 34 34 35
    23:50 JPY Tankan Non - Manufacturing Outlook Q2 27 29 28
    23:50 JPY Tankan Large All Industry capex Q2 11.50% 3.10%
    00:30 JPY Manufacturing PMI Jun F 50.1 50.4 50.4
    01:45 CNY Caixin Manufacturing PMI Jun 50.4 49 48.3
    05:00 JPY Consumer Confidence Index Jun 34.5 33.6 32.8
    06:30 CHF Real Retail Sales Y/Y May 0.00% 0.80% 1.30%
    07:30 CHF Manufacturing PMI Jun 49.6 44.2 42.1
    07:50 EUR France Manufacturing PMI Jun F 48.1 47.8 47.8
    07:55 EUR Germany Manufacturing PMI Jun F 49 49 49
    07:55 EUR Germany Unemployment Change May 11K 18K 34K
    07:55 EUR Germany Unemployment Rate May 6.30% 6.40% 6.30%
    08:00 EUR Eurozone Manufacturing PMI Jun F 49.5 49.4 49.4
    08:30 GBP Manufacturing PMI Jun F 47.7 47.7 47.7
    09:00 EUR Eurozone CPI Y/Y Jun P 2.00% 2.00% 1.90%
    09:00 EUR Eurozone CPI Core Y/Y Jun P 2.30% 2.30% 2.30%
    13:45 USD Manufacturing PMI Jun F 52.9 52 52
    14:00 USD ISM Manufacturing PMI Jun 49 48.8 48.5
    14:00 USD ISM Manufacturing Prices Paid Jun 69.7 70.2 69.4
    14:00 USD ISM Manufacturing Employment Index Jun 45 46.8
    14:00 USD Construction Spending M/M May -0.30% -0.10% -0.40%
    GMT Ccy Events
    22:00 NZD NZIER Business Confidence Q2
        Actual: 22 Forecast:
        Previous: 19 Revised:
    22:45 NZD Building Permits M/M May
        Actual: 10.40% Forecast:
        Previous: -15.60% Revised: -14.60%
    23:01 GBP BRC Shop Price Index Y/Y Jun
        Actual: 0.40% Forecast:
        Previous: -0.10% Revised:
    23:50 JPY Tankan Large Manufacturing Index Q2
        Actual: 13 Forecast: 10
        Previous: 12 Revised:
    23:50 JPY Tankan Large Manufacturing Outlook Q2
        Actual: 12 Forecast: 9
        Previous: 12 Revised:
    23:50 JPY Tankan Non - Manufacturing Index Q2
        Actual: 34 Forecast: 34
        Previous: 35 Revised:
    23:50 JPY Tankan Non - Manufacturing Outlook Q2
        Actual: 27 Forecast: 29
        Previous: 28 Revised:
    23:50 JPY Tankan Large All Industry capex Q2
        Actual: 11.50% Forecast:
        Previous: 3.10% Revised:
    00:30 JPY Manufacturing PMI Jun F
        Actual: 50.1 Forecast: 50.4
        Previous: 50.4 Revised:
    01:45 CNY Caixin Manufacturing PMI Jun
        Actual: 50.4 Forecast: 49
        Previous: 48.3 Revised:
    05:00 JPY Consumer Confidence Index Jun
        Actual: 34.5 Forecast: 33.6
        Previous: 32.8 Revised:
    06:30 CHF Real Retail Sales Y/Y May
        Actual: 0.00% Forecast: 0.80%
        Previous: 1.30% Revised:
    07:30 CHF Manufacturing PMI Jun
        Actual: 49.6 Forecast: 44.2
        Previous: 42.1 Revised:
    07:50 EUR France Manufacturing PMI Jun F
        Actual: 48.1 Forecast: 47.8
        Previous: 47.8 Revised:
    07:55 EUR Germany Manufacturing PMI Jun F
        Actual: 49 Forecast: 49
        Previous: 49 Revised:
    07:55 EUR Germany Unemployment Change May
        Actual: 11K Forecast: 18K
        Previous: 34K Revised:
    07:55 EUR Germany Unemployment Rate May
        Actual: 6.30% Forecast: 6.40%
        Previous: 6.30% Revised:
    08:00 EUR Eurozone Manufacturing PMI Jun F
        Actual: 49.5 Forecast: 49.4
        Previous: 49.4 Revised:
    08:30 GBP Manufacturing PMI Jun F
        Actual: 47.7 Forecast: 47.7
        Previous: 47.7 Revised:
    09:00 EUR Eurozone CPI Y/Y Jun P
        Actual: 2.00% Forecast: 2.00%
        Previous: 1.90% Revised:
    09:00 EUR Eurozone CPI Core Y/Y Jun P
        Actual: 2.30% Forecast: 2.30%
        Previous: 2.30% Revised:
    13:45 USD Manufacturing PMI Jun F
        Actual: 52.9 Forecast: 52
        Previous: 52 Revised:
    14:00 USD ISM Manufacturing PMI Jun
        Actual: 49 Forecast: 48.8
        Previous: 48.5 Revised:
    14:00 USD ISM Manufacturing Prices Paid Jun
        Actual: 69.7 Forecast: 70.2
        Previous: 69.4 Revised:
    14:00 USD ISM Manufacturing Employment Index Jun
        Actual: 45 Forecast:
        Previous: 46.8 Revised:
    14:00 USD Construction Spending M/M May
        Actual: -0.30% Forecast: -0.10%
        Previous: -0.40% Revised:

    Eco Data 6/30/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:50 JPY Industrial Production M/M May P 0.50% 3.40% -1.10%
    01:00 AUD TD-MI Inflation Gauge M/M Jun 0.10% -0.40%
    01:00 NZD ANZ Business Confidence Jun 46.3 36.6
    01:30 AUD Private Sector Credit M/M May 0.50% 0.70% 0.70%
    01:30 CNY NBS Manufacturing PMI Jun 49.7 49.7 49.5
    01:30 CNY NBS Non-Manufacturing PMI Jun 50.5 50.3 50.3
    05:00 JPY Housing Starts Y/Y May -34.40% -14.80% -26.60%
    06:00 EUR Germany Import Price Index M/M May -0.70% -0.30% -1.70%
    06:00 EUR Germany Retail Sales M/M May -1.60% 0.50% -1.10%
    06:00 GBP GDP Q/Q Q1 0.70% 0.70% 0.70%
    06:00 GBP Current Account (GBP) Q1 -23.5B -19.7B -21.0B
    07:00 CHF KOF Economic Barometer Jun 96.1 99.3 98.5 98.6
    08:00 EUR Eurozone M3 Money Supply Y/Y May 3.90% 4.00% 3.90%
    08:30 GBP M4 Money Supply M/M May 0.20% 0.20% 0%
    08:30 GBP Mortgage Approvals May 63K 61K 60K
    12:00 EUR Germany CPI M/M Jun P 0.00% 0.20% 0.10%
    12:00 EUR Germany CPI Y/Y Jun P 2.00% 2.10%
    13:45 USD Chicago PMI Jun 40.4 42.7 40.5
    GMT Ccy Events
    23:50 JPY Industrial Production M/M May P
        Actual: 0.50% Forecast: 3.40%
        Previous: -1.10% Revised:
    01:00 AUD TD-MI Inflation Gauge M/M Jun
        Actual: 0.10% Forecast:
        Previous: -0.40% Revised:
    01:00 NZD ANZ Business Confidence Jun
        Actual: 46.3 Forecast:
        Previous: 36.6 Revised:
    01:30 AUD Private Sector Credit M/M May
        Actual: 0.50% Forecast: 0.70%
        Previous: 0.70% Revised:
    01:30 CNY NBS Manufacturing PMI Jun
        Actual: 49.7 Forecast: 49.7
        Previous: 49.5 Revised:
    01:30 CNY NBS Non-Manufacturing PMI Jun
        Actual: 50.5 Forecast: 50.3
        Previous: 50.3 Revised:
    05:00 JPY Housing Starts Y/Y May
        Actual: -34.40% Forecast: -14.80%
        Previous: -26.60% Revised:
    06:00 EUR Germany Import Price Index M/M May
        Actual: -0.70% Forecast: -0.30%
        Previous: -1.70% Revised:
    06:00 EUR Germany Retail Sales M/M May
        Actual: -1.60% Forecast: 0.50%
        Previous: -1.10% Revised:
    06:00 GBP GDP Q/Q Q1
        Actual: 0.70% Forecast: 0.70%
        Previous: 0.70% Revised:
    06:00 GBP Current Account (GBP) Q1
        Actual: -23.5B Forecast: -19.7B
        Previous: -21.0B Revised:
    07:00 CHF KOF Economic Barometer Jun
        Actual: 96.1 Forecast: 99.3
        Previous: 98.5 Revised: 98.6
    08:00 EUR Eurozone M3 Money Supply Y/Y May
        Actual: 3.90% Forecast: 4.00%
        Previous: 3.90% Revised:
    08:30 GBP M4 Money Supply M/M May
        Actual: 0.20% Forecast: 0.20%
        Previous: 0% Revised:
    08:30 GBP Mortgage Approvals May
        Actual: 63K Forecast: 61K
        Previous: 60K Revised:
    12:00 EUR Germany CPI M/M Jun P
        Actual: 0.00% Forecast: 0.20%
        Previous: 0.10% Revised:
    12:00 EUR Germany CPI Y/Y Jun P
        Actual: 2.00% Forecast:
        Previous: 2.10% Revised:
    13:45 USD Chicago PMI Jun
        Actual: 40.4 Forecast: 42.7
        Previous: 40.5 Revised:

    Summary 6/30 – 7/4

    Monday, Jun 30, 2025

    GMT Ccy Events Consensus Previous
    23:50 JPY Industrial Production M/M May P 3.40% -1.10%
    01:00 AUD TD-MI Inflation Gauge M/M Jun -0.40%
    01:00 NZD ANZ Business Confidence Jun 36.6
    01:30 AUD Private Sector Credit M/M May 0.70% 0.70%
    01:30 CNY NBS Manufacturing PMI Jun 49.7 49.5
    01:30 CNY NBS Non-Manufacturing PMI Jun 50.3 50.3
    05:00 JPY Housing Starts Y/Y May -14.80% -26.60%
    06:00 EUR Germany Import Price Index M/M May -0.30% -1.70%
    06:00 EUR Germany Retail Sales M/M May 0.50% -1.10%
    06:00 GBP GDP Q/Q Q1 0.70% 0.70%
    06:00 GBP Current Account (GBP) Q1 -19.7B -21.0B
    07:00 CHF KOF Economic Barometer Jun 99.3 98.5
    08:00 EUR Eurozone M3 Money Supply Y/Y May 4.00% 3.90%
    08:30 GBP M4 Money Supply M/M May 0.20% 0%
    08:30 GBP Mortgage Approvals May 61K 60K
    12:00 EUR Germany CPI M/M Jun P 0.20% 0.10%
    12:00 EUR Germany CPI Y/Y Jun P 2.10%
    13:45 USD Chicago PMI Jun 42.7 40.5
    22:00 NZD NZIER Business Confidence Q2 19
    22:45 NZD Building Permits M/M May -15.60%
    23:01 GBP BRC Shop Price Index Y/Y Jun -0.10%
    23:50 JPY Tankan Large Manufacturing Index Q2 10 12
    23:50 JPY Tankan Large Manufacturing Outlook Q2 9 12
    23:50 JPY Tankan Non - Manufacturing Index Q2 34 35
    23:50 JPY Tankan Non - Manufacturing Outlook Q2 29 28
    23:50 JPY Tankan Large All Industry capex Q2 3.10%
    GMT Ccy Events
    23:50 JPY Industrial Production M/M May P
        Forecast: 3.40% Previous: -1.10%
    01:00 AUD TD-MI Inflation Gauge M/M Jun
        Forecast: Previous: -0.40%
    01:00 NZD ANZ Business Confidence Jun
        Forecast: Previous: 36.6
    01:30 AUD Private Sector Credit M/M May
        Forecast: 0.70% Previous: 0.70%
    01:30 CNY NBS Manufacturing PMI Jun
        Forecast: 49.7 Previous: 49.5
    01:30 CNY NBS Non-Manufacturing PMI Jun
        Forecast: 50.3 Previous: 50.3
    05:00 JPY Housing Starts Y/Y May
        Forecast: -14.80% Previous: -26.60%
    06:00 EUR Germany Import Price Index M/M May
        Forecast: -0.30% Previous: -1.70%
    06:00 EUR Germany Retail Sales M/M May
        Forecast: 0.50% Previous: -1.10%
    06:00 GBP GDP Q/Q Q1
        Forecast: 0.70% Previous: 0.70%
    06:00 GBP Current Account (GBP) Q1
        Forecast: -19.7B Previous: -21.0B
    07:00 CHF KOF Economic Barometer Jun
        Forecast: 99.3 Previous: 98.5
    08:00 EUR Eurozone M3 Money Supply Y/Y May
        Forecast: 4.00% Previous: 3.90%
    08:30 GBP M4 Money Supply M/M May
        Forecast: 0.20% Previous: 0%
    08:30 GBP Mortgage Approvals May
        Forecast: 61K Previous: 60K
    12:00 EUR Germany CPI M/M Jun P
        Forecast: 0.20% Previous: 0.10%
    12:00 EUR Germany CPI Y/Y Jun P
        Forecast: Previous: 2.10%
    13:45 USD Chicago PMI Jun
        Forecast: 42.7 Previous: 40.5
    22:00 NZD NZIER Business Confidence Q2
        Forecast: Previous: 19
    22:45 NZD Building Permits M/M May
        Forecast: Previous: -15.60%
    23:01 GBP BRC Shop Price Index Y/Y Jun
        Forecast: Previous: -0.10%
    23:50 JPY Tankan Large Manufacturing Index Q2
        Forecast: 10 Previous: 12
    23:50 JPY Tankan Large Manufacturing Outlook Q2
        Forecast: 9 Previous: 12
    23:50 JPY Tankan Non - Manufacturing Index Q2
        Forecast: 34 Previous: 35
    23:50 JPY Tankan Non - Manufacturing Outlook Q2
        Forecast: 29 Previous: 28
    23:50 JPY Tankan Large All Industry capex Q2
        Forecast: Previous: 3.10%

    Tuesday, Jul 1, 2025

    GMT Ccy Events Consensus Previous
    00:30 JPY Manufacturing PMI Jun F 50.4 50.4
    01:45 CNY Caixin Manufacturing PMI Jun 49 48.3
    05:00 JPY Consumer Confidence Index Jun 33.6 32.8
    06:30 CHF Real Retail Sales Y/Y May 0.80% 1.30%
    07:30 CHF Manufacturing PMI Jun 44.2 42.1
    07:50 EUR France Manufacturing PMI Jun F 47.8 47.8
    07:55 EUR Germany Manufacturing PMI Jun F 49 49
    07:55 EUR Germany Unemployment Change May 18K 34K
    07:55 EUR Germany Unemployment Rate May 6.30%
    08:00 EUR Eurozone Manufacturing PMI Jun F 49.4 49.4
    08:30 GBP Manufacturing PMI Jun F 47.7 47.7
    09:00 EUR Eurozone CPI Y/Y Jun P 2.00% 1.90%
    09:00 EUR Eurozone CPI Core Y/Y Jun P 2.30% 2.30%
    13:45 USD Manufacturing PMI Jun F 52 52
    14:00 USD ISM Manufacturing PMI Jun 48.8 48.5
    14:00 USD ISM Manufacturing Prices Paid Jun 70.2 69.4
    14:00 USD ISM Manufacturing Employment Index Jun 46.8
    14:00 USD Construction Spending M/M May -0.10% -0.40%
    23:50 JPY Monetary Base Y/Y Jun -3.50% -3.40%
    GMT Ccy Events
    00:30 JPY Manufacturing PMI Jun F
        Forecast: 50.4 Previous: 50.4
    01:45 CNY Caixin Manufacturing PMI Jun
        Forecast: 49 Previous: 48.3
    05:00 JPY Consumer Confidence Index Jun
        Forecast: 33.6 Previous: 32.8
    06:30 CHF Real Retail Sales Y/Y May
        Forecast: 0.80% Previous: 1.30%
    07:30 CHF Manufacturing PMI Jun
        Forecast: 44.2 Previous: 42.1
    07:50 EUR France Manufacturing PMI Jun F
        Forecast: 47.8 Previous: 47.8
    07:55 EUR Germany Manufacturing PMI Jun F
        Forecast: 49 Previous: 49
    07:55 EUR Germany Unemployment Change May
        Forecast: 18K Previous: 34K
    07:55 EUR Germany Unemployment Rate May
        Forecast: Previous: 6.30%
    08:00 EUR Eurozone Manufacturing PMI Jun F
        Forecast: 49.4 Previous: 49.4
    08:30 GBP Manufacturing PMI Jun F
        Forecast: 47.7 Previous: 47.7
    09:00 EUR Eurozone CPI Y/Y Jun P
        Forecast: 2.00% Previous: 1.90%
    09:00 EUR Eurozone CPI Core Y/Y Jun P
        Forecast: 2.30% Previous: 2.30%
    13:45 USD Manufacturing PMI Jun F
        Forecast: 52 Previous: 52
    14:00 USD ISM Manufacturing PMI Jun
        Forecast: 48.8 Previous: 48.5
    14:00 USD ISM Manufacturing Prices Paid Jun
        Forecast: 70.2 Previous: 69.4
    14:00 USD ISM Manufacturing Employment Index Jun
        Forecast: Previous: 46.8
    14:00 USD Construction Spending M/M May
        Forecast: -0.10% Previous: -0.40%
    23:50 JPY Monetary Base Y/Y Jun
        Forecast: -3.50% Previous: -3.40%

    Wednesday, Jul 2, 2025

    GMT Ccy Events Consensus Previous
    01:30 AUD Retail Sales M/M May 0.30% -0.10%
    01:30 AUD Building Permits M/M May 5.00% -5.70%
    09:00 EUR Eurozone Unemployment Rate May 6.20% 6.20%
    11:30 USD Challenger Job Cuts Y/Y Jun 47.00%
    12:15 USD ADP Employment Change Jun 105K 37K
    13:30 CAD Manufacturing PMI Jun 46.1
    14:30 USD Crude Oil Inventories -5.8M
    GMT Ccy Events
    01:30 AUD Retail Sales M/M May
        Forecast: 0.30% Previous: -0.10%
    01:30 AUD Building Permits M/M May
        Forecast: 5.00% Previous: -5.70%
    09:00 EUR Eurozone Unemployment Rate May
        Forecast: 6.20% Previous: 6.20%
    11:30 USD Challenger Job Cuts Y/Y Jun
        Forecast: Previous: 47.00%
    12:15 USD ADP Employment Change Jun
        Forecast: 105K Previous: 37K
    13:30 CAD Manufacturing PMI Jun
        Forecast: Previous: 46.1
    14:30 USD Crude Oil Inventories
        Forecast: Previous: -5.8M

    Thursday, Jul 3, 2025

    GMT Ccy Events Consensus Previous
    00:30 JPY Services PMI Jun F 51.5 51.5
    01:30 AUD Trade Balance (AUD) May 5.08B 5.41B
    01:45 CNY Caixin Services PMI Jun 51 51.1
    06:30 CHF CPI M/M Jun 0.10% 0.10%
    06:30 CHF CPI Y/Y Jun -0.10%
    07:50 EUR France Services PMI Jun F 48.7 48.7
    07:55 EUR Germany Services PMI Jun F 49.4 49.4
    08:00 EUR Eurozone Services PMI Jun F 50 50
    08:30 GBP Services PMI Jun F 51.3 51.3
    11:30 EUR ECB Meeting Accounts
    12:30 CAD Trade Balance (CAD) May -6.0B -7.1B
    12:30 USD Initial Jobless Claims (Jun 27) 239K 236K
    12:30 USD Nonfarm Payrolls Jun 129K 139K
    12:30 USD Unemployment Rate Jun 4.30% 4.20%
    12:30 USD Average Hourly Earnings M/M Jun 0.30% 0.40%
    12:30 USD Trade Balance (USD) May -69.9B -61.6B
    12:30 USD Initial Jobless Claims 4-week average (Jun 27) 245K
    12:30 USD Goods Trade Balance May $-96.6B
    13:45 USD Services PMI Jun F 53.1 53.1
    14:00 USD ISM Services PMI Jun 50.3 49.9
    14:00 USD Factory Orders M/M May 7.90% -3.70%
    14:30 USD Natural Gas Storage 96B
    23:30 JPY Household Spending Y/Y May 1.20% -0.10%
    GMT Ccy Events
    00:30 JPY Services PMI Jun F
        Forecast: 51.5 Previous: 51.5
    01:30 AUD Trade Balance (AUD) May
        Forecast: 5.08B Previous: 5.41B
    01:45 CNY Caixin Services PMI Jun
        Forecast: 51 Previous: 51.1
    06:30 CHF CPI M/M Jun
        Forecast: 0.10% Previous: 0.10%
    06:30 CHF CPI Y/Y Jun
        Forecast: Previous: -0.10%
    07:50 EUR France Services PMI Jun F
        Forecast: 48.7 Previous: 48.7
    07:55 EUR Germany Services PMI Jun F
        Forecast: 49.4 Previous: 49.4
    08:00 EUR Eurozone Services PMI Jun F
        Forecast: 50 Previous: 50
    08:30 GBP Services PMI Jun F
        Forecast: 51.3 Previous: 51.3
    11:30 EUR ECB Meeting Accounts
        Forecast: Previous:
    12:30 CAD Trade Balance (CAD) May
        Forecast: -6.0B Previous: -7.1B
    12:30 USD Initial Jobless Claims (Jun 27)
        Forecast: 239K Previous: 236K
    12:30 USD Nonfarm Payrolls Jun
        Forecast: 129K Previous: 139K
    12:30 USD Unemployment Rate Jun
        Forecast: 4.30% Previous: 4.20%
    12:30 USD Average Hourly Earnings M/M Jun
        Forecast: 0.30% Previous: 0.40%
    12:30 USD Trade Balance (USD) May
        Forecast: -69.9B Previous: -61.6B
    12:30 USD Initial Jobless Claims 4-week average (Jun 27)
        Forecast: Previous: 245K
    12:30 USD Goods Trade Balance May
        Forecast: Previous: $-96.6B
    13:45 USD Services PMI Jun F
        Forecast: 53.1 Previous: 53.1
    14:00 USD ISM Services PMI Jun
        Forecast: 50.3 Previous: 49.9
    14:00 USD Factory Orders M/M May
        Forecast: 7.90% Previous: -3.70%
    14:30 USD Natural Gas Storage
        Forecast: Previous: 96B
    23:30 JPY Household Spending Y/Y May
        Forecast: 1.20% Previous: -0.10%

    Friday, Jul 4, 2025

    GMT Ccy Events Consensus Previous
    05:45 CHF Unemployment Rate Jun 2.90% 2.90%
    06:00 EUR Germany Factory Orders M/M May -0.20% 0.60%
    06:45 EUR France Industrial Output M/M May 0.40% -1.40%
    08:30 GBP Construction PMI Jun 48.6 47.9
    09:00 EUR Eurozone PPI M/M May -0.60% -2.20%
    09:00 EUR Eurozone PPI Y/Y May 0.70%
    GMT Ccy Events
    05:45 CHF Unemployment Rate Jun
        Forecast: 2.90% Previous: 2.90%
    06:00 EUR Germany Factory Orders M/M May
        Forecast: -0.20% Previous: 0.60%
    06:45 EUR France Industrial Output M/M May
        Forecast: 0.40% Previous: -1.40%
    08:30 GBP Construction PMI Jun
        Forecast: 48.6 Previous: 47.9
    09:00 EUR Eurozone PPI M/M May
        Forecast: -0.60% Previous: -2.20%
    09:00 EUR Eurozone PPI Y/Y May
        Forecast: Previous: 0.70%

    Eco Data 6/27/25

    GMT Ccy Events Actual Consensus Previous Revised
    23:30 JPY Tokyo CPI Y/Y Jun 3.10% 3.40%
    23:30 JPY Tokyo CPI Core Y/Y Jun 3.10% 3.40% 3.60%
    23:30 JPY Tokyo CPI Core-Core Y/Y Jun 3.10% 3.30%
    23:30 JPY Unemployment Rate May 2.50% 2.50% 2.50%
    23:50 JPY Retail Trade Y/Y May 2.20% 2.40% 3.30% 3.50%
    09:00 EUR Eurozone Economic Sentiment Indicator Jun 94 95.5 94.8
    09:00 EUR Eurozone Services Sentiment Jun 2.9 1.6 1.5 1.8
    09:00 EUR Eurozone Industrial Confidence Jun -12 -9.9 -10.3 -10.4
    09:00 EUR Eurozone Consumer Confidence Jun F -15.3 -15.3 -15.3
    12:30 CAD GDP M/M Apr -0.10% 0.00% 0.10% 0.20%
    12:30 USD Personal Income M/M May -0.40% 0.20% 0.80% 0.70%
    12:30 USD Personal Spending May -0.10% 0.20% 0.20%
    12:30 USD PCE Price Index M/M May 0.10% 0.10% 0.10%
    12:30 USD PCE Price Index Y/Y May 2.30% 2.30% 2.10% 2.20%
    12:30 USD Core PCE Price Index M/M May 0.20% 0.10% 0.10%
    12:30 USD Core PCE Price Index Y/Y May 2.70% 2.60% 2.50% 2.60%
    14:00 USD UoM Consumer Sentiment Jun F 60.7 60.5 60.5
    14:00 USD UoM 1-year Inflation Expectations Jun F 5.00% 5.10% 5.10%
    GMT Ccy Events
    23:30 JPY Tokyo CPI Y/Y Jun
        Actual: 3.10% Forecast:
        Previous: 3.40% Revised:
    23:30 JPY Tokyo CPI Core Y/Y Jun
        Actual: 3.10% Forecast: 3.40%
        Previous: 3.60% Revised:
    23:30 JPY Tokyo CPI Core-Core Y/Y Jun
        Actual: 3.10% Forecast:
        Previous: 3.30% Revised:
    23:30 JPY Unemployment Rate May
        Actual: 2.50% Forecast: 2.50%
        Previous: 2.50% Revised:
    23:50 JPY Retail Trade Y/Y May
        Actual: 2.20% Forecast: 2.40%
        Previous: 3.30% Revised: 3.50%
    09:00 EUR Eurozone Economic Sentiment Indicator Jun
        Actual: 94 Forecast: 95.5
        Previous: 94.8 Revised:
    09:00 EUR Eurozone Services Sentiment Jun
        Actual: 2.9 Forecast: 1.6
        Previous: 1.5 Revised: 1.8
    09:00 EUR Eurozone Industrial Confidence Jun
        Actual: -12 Forecast: -9.9
        Previous: -10.3 Revised: -10.4
    09:00 EUR Eurozone Consumer Confidence Jun F
        Actual: -15.3 Forecast: -15.3
        Previous: -15.3 Revised:
    12:30 CAD GDP M/M Apr
        Actual: -0.10% Forecast: 0.00%
        Previous: 0.10% Revised: 0.20%
    12:30 USD Personal Income M/M May
        Actual: -0.40% Forecast: 0.20%
        Previous: 0.80% Revised: 0.70%
    12:30 USD Personal Spending May
        Actual: -0.10% Forecast: 0.20%
        Previous: 0.20% Revised:
    12:30 USD PCE Price Index M/M May
        Actual: 0.10% Forecast: 0.10%
        Previous: 0.10% Revised:
    12:30 USD PCE Price Index Y/Y May
        Actual: 2.30% Forecast: 2.30%
        Previous: 2.10% Revised: 2.20%
    12:30 USD Core PCE Price Index M/M May
        Actual: 0.20% Forecast: 0.10%
        Previous: 0.10% Revised:
    12:30 USD Core PCE Price Index Y/Y May
        Actual: 2.70% Forecast: 2.60%
        Previous: 2.50% Revised: 2.60%
    14:00 USD UoM Consumer Sentiment Jun F
        Actual: 60.7 Forecast: 60.5
        Previous: 60.5 Revised:
    14:00 USD UoM 1-year Inflation Expectations Jun F
        Actual: 5.00% Forecast: 5.10%
        Previous: 5.10% Revised:

    Eco Data 6/26/25

    GMT Ccy Events Actual Consensus Previous Revised
    06:00 EUR Germany GfK Consumer Sentiment Jul -20.3 -19 -19.9 -20
    12:30 USD Initial Jobless Claims (Jun 20) 236K 247K 245K
    12:30 USD GDP Annualized Q1 F -0.50% -0.20% -0.20%
    12:30 USD GDP Price Index Q1 F 3.80% 3.70% 3.70%
    12:30 USD Goods Trade Balance (USD) May P -96.6B -91.9B -87.0B -87.0B
    12:30 USD Wholesale Inventories May P -0.30% 0.10% 0.20%
    12:30 USD Durable Goods Orders May 16.40% 6.80% -6.30% -6.60%
    12:30 USD Durable Goods Orders ex Transport May 0.50% 0.10% 0.20% 0.10%
    14:00 USD Pending Home Sales M/M May 1.80% 0.00% -6.30%
    14:30 USD Natural Gas Storage 88B 95B
    GMT Ccy Events
    06:00 EUR Germany GfK Consumer Sentiment Jul
        Actual: -20.3 Forecast: -19
        Previous: -19.9 Revised: -20
    12:30 USD Initial Jobless Claims (Jun 20)
        Actual: 236K Forecast: 247K
        Previous: 245K Revised:
    12:30 USD GDP Annualized Q1 F
        Actual: -0.50% Forecast: -0.20%
        Previous: -0.20% Revised:
    12:30 USD GDP Price Index Q1 F
        Actual: 3.80% Forecast: 3.70%
        Previous: 3.70% Revised:
    12:30 USD Goods Trade Balance (USD) May P
        Actual: -96.6B Forecast: -91.9B
        Previous: -87.0B Revised: -87.0B
    12:30 USD Wholesale Inventories May P
        Actual: -0.30% Forecast: 0.10%
        Previous: 0.20% Revised:
    12:30 USD Durable Goods Orders May
        Actual: 16.40% Forecast: 6.80%
        Previous: -6.30% Revised: -6.60%
    12:30 USD Durable Goods Orders ex Transport May
        Actual: 0.50% Forecast: 0.10%
        Previous: 0.20% Revised: 0.10%
    14:00 USD Pending Home Sales M/M May
        Actual: 1.80% Forecast: 0.00%
        Previous: -6.30% Revised:
    14:30 USD Natural Gas Storage
        Actual: Forecast: 88B
        Previous: 95B Revised:
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