Gross domestic product. China, 04:00 (GMT+2) 17 Jul

17Jul.202303:00

Gross domestic product. China, 04:00 (GMT+2)

At 04:00 (GMT+2), data on China’s Q2 gross domestic product (GDP), the main indicator reflecting the state of the national economy, which considers domestic consumption, investment, government spending, and exports, will be released. If the indicator rises from the current 2.2% QoQ and 4.5% YoY, it may support the yuan.

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17 Jul. 2023 03:00

Industrial production. China, 04:00 (GMT+2)

At 04:00 (GMT+2) in China, the June data on industrial production will be published, which will reflect the change in the volume of output of goods and utilities in the country. The calculation of the indicator considers the manufacturing and mining industries, as well as the electric power industry. The indicator is likely to grow from 3.5% to 3.8% YoY, which, in turn, may have a positive impact on the yuan.

17 Jul. 2023 09:15

ECB President Lagarde Speaks. EU, 10:15 (GMT+2)

At 10:15 (GMT+2), the President of the European Central Bank (ECB), Christine Lagarde, will make a speech. Investors are following the rhetoric of the regulator’s representatives, trying to get hints about the further prospects for the EU economy under unprecedented inflation.

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