The Euro Area and the UK: What to Expect Next Week

The euro inflation picture is looking quite a bit more positive than it is for the UK. Like the UK, we're seeing core goods come down, but also starting to see a little bit of let up in services inflation and core inflation. The focus will be on China's Q2 GDP and the tier one activity data for June. Outside China, we have good trade data coming out from Korea along with three other ASEAN countries. We have also CPI in Japan and New Zealand, and in Australia we have the RBA minutes and the Australia employment data.