The main events of Wednesday!

On Wednesday, July 18, there will be data on inflation in the UK and the euro area, and data on real estate and oil inventories in the United States.

At 11:30 am –  inflation report  in the UK:
– Consumer Price Index (CPI) in the UK (m / m), forecast of 0.2%,  previous value 0.4%.
– Consumer Price Index (CPI) in the UK (y / y), forecast 2.6%, previous value 2.4%.
– Purchasing Producer Price Index in the UK (m / m), forecast 0.3%, previous value 2.8%.

At 12:00 – inflation data in the euro area:
– Core consumer price index (CPI) in the euro area (y / y), forecast 1.0%, previous value 1.0%.
– Consumer price index (CPI) in the euro area (m / m), forecast 0.1%,  previous value  0.5%.
– Consumer price index (CPI) in the euro area (y / y), forecast 2.0%, previous value 2.0%.

At 15:30 –  block of news on real estate in the US:
– The number of building permits issued in the US (m / m), forecast 6.0%,  previous value  -4.6%.
– The number of issued construction permits in the US, forecast 1.330M, previous value 1.301M.
– The volume of housing starts in the US (m / m), forecast -2.2%,  previous value  5.0%.
– The volume of housing starts in the US, forecast 1,320M, previous value  1,350M.

At 17:00 – the speech of the US Federal Reserve Chair Mr. Powell will be held.

At 17:30 –  data on oil reserves in the US:
– Crude oil inventories in the US, forecast -3.495M, previous value  -12.633M.
– Cushing oil inventories  excess (Oklahoma, USA),  previous value  -2.062M.

At 21:00 – “Beige Book” US Federal Reserve.

Hanzenko Anton