Key Economic Indicators to Watch This Week: PMI, Inflation, and More

Market Movers of the Week: Insights into Global Markets

The week from July 22nd to 26th is packed with key economic data releases that will provide valuable insights into the state of the global economy.
Among the highlights are the preliminary Purchasing Managers’ Index (PMI) reports for the Eurozone and the U.S., GDP figures, and a crucial U.S.
price index.

Monday, July 22nd

At 03:15 CNY, all eyes will be on the People’s Bank of China as it announces the Prime Rate.
Later at 08:00 EUR, Germany will release its Retail Sales data, offering important indications about consumer activity.

Tuesday, July 23rd

Key data releases include the U.S.
Existing Home Sales at 16:00 and the U.S.
Weekly Crude Oil Inventories at 22:30.

Wednesday, July 24th

Germany will update the GfK Consumer Climate report at 08:00, followed by an array of PMI releases at 09:30 focusing on the manufacturing and services sectors in both Germany and the Eurozone.
The day will conclude with U.S.
PMI Composite and Services PMI data at 15:45.

Thursday, July 25th

Attention shifts to Germany with the release of Business Expectations, Current Assessment, and the IFO Business Climate Index.
In the U.S., Investors will be looking at the Quarterly GDP and Initial Jobless Claims data.

Friday, July 26th

Japan’s Tokyo Core CPI will kick off the day, followed by Business Confidence and Consumer Confidence data from Italy.
In the U.S., the focus will be on the Core PCE Price Index, Personal Spending data, and the Michigan Consumer Sentiment and Confidence Indexes.

These market movers are anticipated to create significant volatility in various financial markets as investors digest the latest economic indicators.