Investors and economists are anxiously awaiting the release of key data this week that provide insight into the state of the global economy.
The US Census Bureau will release retail sales figures for June, providing insight into consumer spending patterns.
This report will be closely monitored as it plays an important role in assessing the strength of the US economic recovery.
In addition to retail sales, the real estate market will be in focus with the release of building permit data, home construction starts, and existing home sales for June.
These indicators will provide valuable information on the state of the real estate sector, which has become the main driver of economic growth in many countries.
The NAHB Real Estate Market Index, a measure of homebuilder sentiment, will also be released, providing additional insight into the market outlook.
Meanwhile, inflation readings from the UK, eurozone, and Japan will be closely monitored. Inflation has been a hot topic in recent months, with central banks trying to deal with rising price pressures.
The latest data from these major economies will provide an indication of whether inflationary pressures are easing or persisting, providing important clues for monetary policy decisions.
Market participants will carefully analyze these data releases to look for signs of economic strength or weakness, which can impact market sentiment and influence the direction of various asset classes.
As always, the market's reaction will depend on how well the actual data aligns with analysts' expectations.
This Week's Data Economy Focus
Monday, July 17
New York Empire State Manufacturing Index (Jul)
Tuesday, July 18
U.S. Retail Sales (June)
Industrial Production (June)
Business Inventories (May)
Retail Inventories (May)
NAHB Housing Market Index (July)
Wednesday, July 19
Housing Starts (June)
Building Permits (June)
UK Inflation Rate (June)
Euro Area Inflation Rate (June)
Thursday, July 20
Philadelphia Fed Manufacturing Index (July)
Conference Board Leading Index (June)
Existing Home Sales (June)
Japan Inflation Rate (June)
