Other economic highlights for today (7/31/2018)

In the European session we get Germany’s retail sales for June and unemployment data for July, France’s preliminary HICP rate for July as well as Euro-zone’s preliminary CPI rate for July and preliminary GDP growth rate for Q2.

In the American session, from the US we get the core PCE price index and the personal spending growth rates, both for June as well as the CB consumer confidence indicator for July and the API weekly crude oil stocks figure.

From Canada we get the GDP growth rate for May. Oil prices have rose somewhat in the past few days due to some minor tension as Saudi Arabia announced it will be ceasing its oil shipments through the Red Sea as some tankers had been attacked by Iranian forces as they claimed.