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Schedule for today, Friday, July 12, 2019

Time Country Event Period Previous value Forecast
03:00 China Trade Balance, bln June 41.66 44.65
04:30 Japan Industrial Production (YoY) May -1.1% -1.8%
04:30 Japan Industrial Production (MoM) May 0.6% 2.3%
08:00 United Kingdom MPC Member Vlieghe Speaks    
09:00 Eurozone Industrial Production (YoY) May -0.4% -1.6%
09:00 Eurozone Industrial production, (MoM) May -0.5% 0.2%
12:30 U.S. PPI excluding food and energy, m/m June 0.2% 0.2%
12:30 U.S. PPI excluding food and energy, Y/Y June 2.3% 2.2%
12:30 U.S. PPI, m/m June 0.1% 0%
12:30 U.S. PPI, y/y June 1.8% 1.6%
17:00 U.S. Baker Hughes Oil Rig Count July 788  

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22:50 18.07.2019
Schedule for tomorrow, Friday, July 19, 2019
Time Country Event Period Previous value Forecast 04:30 Japan All Industry Activity Index, m/m
17:33 18.07.2019
Australia's mixed labour data hint at extended RBA pause - ING
ING's strategists note that June's jobs report released overnight showed a fairly robust increase in full-time job creation, although unemployment stayed at 5.2%. "The Reserve Bank of Australia cut twice (in June and July) in an effort to lower unemployment and revamp inflation, and markets are pricing in a 18 basis point cut by year-end. Given unclear indications from the jobs market we suspect that the RBA may extend its current wait-and-see attitude for the next few months. This should
17:05 18.07.2019
Rate cuts to be ECB's preferred instrument of easing - Rabobank
Analysts at Rabobank, notes that, in recent weeks, the ECB has signaled the potential of renewed easing and they believe rate cuts are likely to be the preferred instrument.“Further rate cuts will probably be accompanied by some form of a tiered deposit rate scheme to ensure that these cuts have the desired effect on the real economy.We believe a substantial amount of excess reserves needs to be exempted from the ECB’s negative deposit rate in order to fully mitigate the additional costs of rate
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