Weekly Economic Data Program

Weekly economic data program was announced. The economic data and events program to be announced during this week is as follows.

Friday, July 24

02: 01 / UK / GfK Consumer Confidence / July / Expectation: - 24 / Actual: - 27 / Previous: - 27 05: 00 / China / Bloomberg July Economic Survey 09:00 / UK / Retail Sales- Auto and Fuel Excluded (monthly) / June / Expectation: + 7.9% / Actual: + 13.5% / Previous: + 10.2% / Revised: + 10.6% 09: 00 / UK / Retail Sales - Excluding Auto and Fuel (annual) / June / Expectation: - 3.7% / Actual: + 1.7% / Previous: - 9.8% / Revised: - 9.6% 09:00 / UK / Retail Sales- Including Auto and Fuel (monthly) / June / Expectation: + 8.3% / Actual: + 13.9% / Previous: + 12.0% / Revised: + 12.3% 09: 00 / UK / Retail Sales - Including Auto and Fuel (annual) / June / Expectation: - 5.9% / Actual: - 1.6% / Previous: - 13.1% / Revised: - 12.9% 10:15 / France / Manufacturing Sector Purchasing Managers Index (PMI) / July / Expectation: 53.0 / Actual: 52.0 / Previous: 52.3 10:15 / France / Service Sector Purchasing Managers Index (PMI) / July / Expectation: 52.4 / Actual: 57.8 / Previous: 50.7 10:15 / France / Compound Purchasing Managers Index (PMI) / July / Expectation: 53.5 / Actual: 57.6 / Previous: 51.7 10:30 / Germany / Manufacturing Sector Purchasing Managers Index (PMI) / July / Expectation: 48.0 / Actual: 50.0 / Previous: 45.2 10:30 / Germany / Service Sector Purchasing Managers Index (PMI) / July / Expectation: 50.5 / Actual: 56.7 / Previous: 47.3 10:30 / Germany / Compound Purchasing Managers Index (PMI) / July / Expectation: 50.2 / Actual: 55.5 / Previous: 47.0 11:00 / Russia / Narrowly defined Money Supply / July 17 / Actual: 13.08 trillion / Previous: 12.98 trillion 11:00 / Eurozone / Manufacturing Sector Purchasing Managers Index (PMI) / July / Expectation: 50.1 / Actual: 51.1 / Previous: 47.4 11:00 / Eurozone / Service Sector Purchasing Managers Index (PMI) / July / Expectation: 51.0 / Actual: 55.1 / Previous: 48.3 11:00 / Eurozone / Compound Purchasing Managers Index (PMI) / July / Expectation: 51.1 / Actual: 54.8 / Previous: 48.5 11:00 / Italy / Consumer Confidence Index / July / Expectation: 103.3 / Actual: 100.0 / Previous: 100.6 / Revised: 100.7 11:00 / Italy / Manufacturing Sector Confidence Index / July / Expectation: 86.0 / Actual: 85.2 / Previous: 79.8 / Revised: 80.2 11:00 / Italy / Economic Confidence Index / July / Actual: 76.7 / Previous: 65.4 / Revised: 66.2 11:30 / UK / Manufacturing Sector Purchasing Managers Index (PMI) / July / Expectation: 52.0 / Actual: 53.6 / Previous: 50.1 11:30 / UK / Service Sector Purchasing Managers Index (PMI) / July / Expectation: 51.5 / Actual: 56.6 / Previous: 47.1 11:30 / UK / Compound Purchasing Managers Index (PMI) / July Expectation: 51.7 / Actual: 57.1 / Previous: 47.7 13:30 / Russia / Key Interest / 24 July / Expectation: 4.00% / Actual: 4.25% / Previous: 4.50% 15:00 / Russia / Central Bank of Russia Nabiullina to Hold Press Conference 16:00 / Eurozone / CBP to Publish World Trade Watch 16:45 / USA / Manufacturing Sector Purchasing Managers Index (PMI) / July / Expectation: 52.0 / Actual: 51.3 / Previous: 49.8 16:45 / USA / Service Sector Purchasing Managers Index (PMI) / July / Expectation: 51.0 / Actual: 49.6 / Previous: 47.9 16:45 / US / Compound Purchasing Managers Index (PMI) / July / Actual: 50.0 / Previous: 47.9 17: 00 / USA / 1. Residential Sales / June / Expectation: 700,000 / Realized: 776,000 / Previous: 676,000 / Revised: 682,000 17: 00 / USA / 1. Hand House Sales (monthly) / June / Expectation: + 3.6% / Actual: + 13.8% / Previous: + 16.6% / Revised: + 19.4%

Monday, July 27

02: 50 / Japan / Capital Expenditures (annual) / 1. Quarter / Previous: + 4.3% 02:50 / Japan / Capital Expenditures-Software map. (Annual) / 1. Quarter / Previous: + 3.5% 02: 50 / Japan / Corporate Profits (annual) / 1. Quarter / Previous: -32.0% 02: 50 / Japan / Company Sales (annual) / 1. Quarter / Previous: - 3.5% 04:30 / China / Industrial Profits (annual) / June / Previous: + 6.0% 07:30 / Japan / All Industrial Activity Index (monthly) / May / Expectation: - 3.5% / Previous: - 6.4% 08:00 / Japan / Leading Index / May / Previous: 79.3 08:00 / Japan / Conflict Index / May / Previous: 74.6 11:00 / Eurozone / M3 Money Supply (annual) / June / Previous: + 8.9% 11:00 / Germany / IFO Business Confidence Index / July / Expectation: 89.2 / Previous: 86.2 11:00 / Germany / IFO Expectations Index / July / Expectation: 93.5 / Previous: 91.4 11:00 / Germany / IFO Current Evaluation Index / July / Expectation: 85.5 / Previous: 81.3 13:00 / France / Total Job Seekers / 2. Quarter / Previous: 3,333,800 15:00 / Canada / Bloomberg Economic Confidence Index / 24 July / Previous: 46.7 15:30 / USA / Durable Goods Orders / June / Expectation: + 7.0% / Previous: + 15.7% 15:30 / USA / Durable Goods Orders-Excluding Transportation / June / Expectation: + 3.5% / Previous: + 3.7% 15:30 / USA / Capital Goods Orders-Excluding Non-Defense Aviation / June / Expectation: + 2.3% / Previous: + 1.6% 15:30 / US / Capital Goods Shipping-Non-Defense Aviation Excluded / June / Previous: + 1.5% 17:30 / USA / Dallas Fed Manufacturing Industry Activity Index / July / Expectation: - 4.8 / Previous: - 6.1

Tuesday 28 July

02: 50 / Japan / PPI Services (annual) / June / Expectation: + 0.8% / Previous: + 0.8% 13: 00 / UK / CBI Retail Reported Sales / July / Expectation: - 27 / Previous: - 37 13: 00 / UK / CBI Total Distributed Reported Sales / July / Previous: - 55 16:00 / USA / S & P CoreLogic CaseShiller 20 Cities Housing Price Index (monthly) / May / Expectation: + 0.30% / Previous: + 0.33% 16:00 / USA / S & P CoreLogic CaseShiller Housing Price Index in 20 Cities (annual) / May / Previous: + 3.98% 16: 00 / USA / S & P CoreLogic CaseShiller Housing Price Index Value in 20 Cities / May / Previous: 224.08 16:00 / USA / S & P CoreLogic CaseShiller US Housing Price Index (annual) / May / Previous: + 4.73% 16:00 / US / S & P CoreLogic CaseShiller US Housing Prices Index Value / May / Previous: 217.72 17: 00 / USA / Conference Board Consumer Confidence / July / Expectation: 94.8 / Previous: 98.1 17: 00 / USA / Conference Board Current Status / April / Previous: 86.2 17:00 / USA / Conference Board Prospects / April / Previous: 106.0 17:00 / USA / Richmond Fed Manufacturing Index / July / Previous: 0

Wednesday 29 July

02: 01 / UK / BRC Store Price Index (annual) / July / Previous:-1.6% 09:45 / France / Trade Trust / July / Expectation: 98 / Previous: 97 11:00 / Italy / PPI (monthly) / June / Previous: -0.3% 11:00 / Italy / PPI (annual) / June / Previous:-7.2% 11:30 / UK / Net Consumer Loans / June / Previous: - £ 4.6 billion 11:30 / UK / Net Consumer Loans (annual) / June / Previous:-3.0% 11:30 / UK / Net Housing Loans / June / Previous: £ 1.2 billion 11:30 / UK / Mortgage Approvals / June / Previous: 9,300 11:30 / UK / M4 Money Supply (monthly) / June / Previous: + 2.0% 11:30 / UK / M4 Money Supply (annual) / June / Previous: + 11.9% 11:30 / UK / M4 Money Supply-Annualized (3 months) Excluding IOFCs / June / Previous: + 30.8% 12:00 / Italy / Hourly Wages (monthly) / June / Previous: + 0.1% 12: 00 / Italy / Hourly Wages (per year) / June / Previous: + 0.7% 14:00 / USA / MBA Mortgage Applications / 24 July / Previous: + 4.1% 15:30 / USA / Oncu Foreign Trade Balance / June / Expectation: - $ 74.2 billion / Previous: - $ 74.3 billion 15:30 / USA / Wholesale Stocks (monthly) / June / Previous: - 1.2% 15:30 / USA / Retail Inventories (monthly) / June / Previous:-6.1% 17: 00 / USA / Pending Housing Sales (monthly) / June / Expectation: + 15.6% / Previous: + 44.3% 17:00 / USA / Pending Housing Sales (monthly) / June / Previous: -10.4% 19: 00 / Russia / CPI (weekly) / 27 July / Previous: 0.0% 19: 00 / Russia / CPI (weekly-since Christmas) / 27 July / Previous: + 3.0% 21:00 / USA / Fed Interest Decision (Upper Limit) / 29 July / Expectation: 0.25% / Previous: 0.25% 21: 00 / US / Fed Interest Decision (Lower Limit) / 29 July / Expectation: 0.00% / Previous: 0.00% 21:00 / USA / Excess Reserved Interest / 30 July / Expectation: 0.10% / Previous: 0.10%

Thursday, July 30

02: 50 / Japan / Retail Sales (monthly) / June / Expectation: + 8.0% / Previous: + 2.1% / Revised: + 1.9% 02: 50 / Japan / Department Store, Supermarket Sales (annual) / June / Expectation: -5.5% / Previous: -16.7% / Revised: -16.9% 02: 50 / Japan / Retail Sales (annual) / June / Expectation: - 6.0% / Previous: - 12.3% / Revised: - 12.5% 02: 50 / Japan / Japanese Foreign Bond Purchases / 24 July / Previous: 1065.7 billion yen 09:00 / Germany / GDP (quarter) / 2. Quarter / Expectation:-8.5% / Previous:-2.2% 09:00 / Germany / GDP (annually) / 2. Quarter / Expectation: -10.9% / Previous:-1.9% 09:00 / Germany / GDP-Uncorrected (annual) / 2. Quarter / Expectation: -10.9% / Previous:-2.3% 09:45 / France / PPI (monthly) / June / Previous: -0.1% 09:45 / France / PPI (annual) / June / Previous: - 4.1% 10: 00 / Germany / Saxony CPI (monthly) / July / Previous: + 0.6% 10: 00 / Germany / Saxony CPI (annual) / July / Previous: + 1.0% 10: 55 / Germany / Change in the Number of Unemployed / July / Expectation: 60,000 / Previous: 69,000 10:55 / Germany / Rate of Jobless Claims Applications to Labor Force / July / Expectation: 6.5% / Previous: 6.4% 11:00 / Germany / Brandenburg CPI (monthly) / July / Previous: + 0.7% 11:00 / Germany / Brandenburg CPI (annual) / July / Previous: + 1.0% 11:00 / Germany / Hesse CPI (monthly) / July / Previous: + 0.6% 11:00 / Germany / Hesse CPI (annual) / July / Previous: + 0.8% 11:00 / Germany / Bavarian CPI (monthly) / July / Previous: + 0.6% 11:00 / Germany / Bavarian CPI (annual) / July / Previous: + 0.8% 11:00 / Eurozone / European Central Bank Economic Bulletin 11:00 / Italy / Unemployment Rate / June / Previous: 7.8% 11: 30 / Germany / K. Rhine Westphalia CPI (monthly) / July / Previous: + 0.6% 11: 30 / Germany / K. Rhine Westphalia CPI (annual) / July / Previous: + 0.9% 12:00 / Eurozone / Economic Confidence Index / July / Expectation: 82.0 / Previous: 75.7 12: 00 / Euro Area / Industrial Sector Confidence Index / July / Expectation: - 18.0 / Previous: - 21.7 12: 00 / Euro Area / Service Sector Confidence Index / July / Previous: - 35.6 12:00 / Eurozone / Consumer Confidence Index / July / Previous: - 15.0 12:00 / Eurozone / Unemployment Rate / June / Expectation: 7.6% / Previous: 7.4% 15: 00 / Germany / EU Compliant CPI (monthly) / July / Expectation: 0.0% / Previous: + 0.7% 15: 00 / Germany / EU Compliant CPI (annual) / July / Expectation: + 0.7% / Previous: + 0.8% 15: 00 / Germany / CPI (monthly) / July / Expectation: - 0.1% / Previous: + 0.6% 15: 00 / Germany / CPI (annual) / July / Expectation: + 0.5% / Previous: + 0.9% 15:30 / US / GDP Annualized (quarter) / 2. Quarter / Expectation: -34.0% / Previous:-5.0% 15:30 / USA / Personal Consumption / 2. Quarter / Expectation: -37.0% / Previous:-6.8% 15:30 / US / GDP Price Index / 2. Quarter / Expectation: + 0.2% / Previous: + 1.4% 15:30 / US / Core Personal Consumption Expenditure (PCE) Price Index (quarter) / 2. Quarter / Previous: + 1.7% 15:30 / USA / Unemployment Benefits Applications / 25 July / Previous: 1,416,000 15:30 / USA / Ongoing Unemployment Benefits Applications / 18 July / Previous: 16,197,000 16:00 / USA / Gold and Foreign Exchange Reserve / 24 July / Previous: 574.0 billion 16:45 / USA / Bloomberg Consumer Comfort Index / 26 July / Previous: 44.7 ????? / Germany / Baden Wuerttemberg CPI (monthly) / July / Previous: + 0.5% ????? / Germany / Baden Wuerttemberg CPI (annual) / July / Previous: + 0.8%

Friday, July 31

02: 01 / UK / GfK Consumer Confidence / July / Previous: - 27 02: 01 / England / Lloyds Business Barometer / July / Previous: - 30 02:30 / Japan / Unemployment Rate / June / Expectation: 3.0% / Previous: 2.9% 02:30 / Japan / Employment-Application Rate / June / Expectation: 1.15 / Previous: 1.20 02: 50 / Japan / Industrial Production (monthly) / June / Expectation: + 0.9% / Previous: - 8.9% 02: 50 / Japan / Industrial Production (annual) / June / Expectation: - 19.1% / Previous: - 26.3% 04:00 / China / Manufacturing Sector Purchasing Managers Index (PMI) / July / Expectation: 50.8 / Previous: 50.9 04:00 / China / Non-Manufacturing Purchasing Managers Index (PMI) / July / Expectation: 54.5 / Previous: 54.4 04:00 / China / Compound Purchasing Managers Index (PMI) / July / Previous: 54.2 07: 00 / Japan / Vehicle Production (annual) / May / Previous: -46.1% 08:00 / Japan / Housing Beginnings (annual) / June / Expectation: -12.6% / Previous: -12.3% 08:00 / Japan / Annualized Housing Starts / June / Expectation: 815,000 / Previous: 807,000 08:00 / Japan / Construction Orders (annual) / June / Previous:-6.1% 08:30 / France / GDP (quarter) / 2. Quarter / Expectation: -15.6% / Previous:-5.3% 08:30 / France / GDP (annual) / 2. Quarter / Expectation: -20.1% / Previous:-5.0% 09:45 / France / EU Compliant CPI (monthly) / July / Expectation: - 0.2% / Previous: + 0.1% 09:45 / France / EU Compliant CPI (annual) / July / Expectation: + 0.2% / Previous: + 0.2% 09:45 / France / CPI (monthly) / July / Previous: + 0.1% 09: 45 / France / CPI (annual) / July / Previous: + 0.2% 09:45 / France / Consumer Spending (monthly) / June / Previous: + 36.6% 09:45 / France / Consumer Spending (annual) / June / Previous:-8.3% 10:30 / Russia / Bloomberg July Economic Survey 11:00 / Russia / Narrowly defined Money Supply / 24 July / Previous: 11:00 / Italy / GDP (quarter) / 2. Quarter / Expectation: -13.3% / Previous:-5.3% 11:00 / Italy / GDP (annual) / 2. Quarter / Expectation: -18.3% / Previous: -5.4% 12: 00 / Italy / EU Compliant CPI (monthly) / July / Previous: 0.0% 12:00 / Italy / EU Compliant CPI (annual) / July / Previous: -0.4% 12:00 / Italy / CPI (monthly) / July / Previous: + 0.1% 12:00 / Italy / CPI (annual) / July / Previous: -0.2% 12:00 / Eurozone / GDP (quarter) / 2. Quarter / Expectation: -10.7% / Previous:-3.6% 12:00 / Eurozone / GDP (annual) / 2. Quarter / Expectation: -13.9% / Previous:-3.1% 12:00 / Eurozone / CPI (monthly) / July / Expectation: - 0.5% / Previous: + 0.3% 12: 00 / Eurozone / CPI (annual) / July / Expectation: + 0.3% / Previous: + 0.3% 12: 00 / Euro Area / Core CPI (annual) / Expectation: + 0.7% / July / Previous: + 0.8% 13: 00 / Italy / Retail Sales (monthly) / June / Previous: + 24.3% 13:00 / Italy / Retail Sales (annual) / June / Previous: -10.5% 15:30 / USA / Personal Income / June / Expectation: - 0.5% / Previous: - 4.2% 15:30 / USA / Personal Expenditures / June / Expectation: + 5.5% / Previous: + 8.2% 15:30 / USA / Real Personal Expenditures / June / Previous: + 8.1% 15:30 / Canada / GDP (monthly) / May / Previous: -11.6% 15:30 / Canada / GDP (annual) / May / Previous: -17.1% 15:30 / Canada / Industrial Prices (monthly) / June / Previous: + 1.2% 15:30 / USA / Raw Material Prices (monthly) / June / Previous: + 16.4% 15:30 / USA / Personal Consumption Expenditures (PCE) Deflator (monthly) / June / Expectation: + 0.5% / Previous: + 0.1% 15:30 / USA / PCE Deflator (annual) / June / Expectation: + 0.9% / Previous: + 0.5% 15:30 / USA / Core PCE Deflator (monthly) / June / Expectation: + 0.2% / Previous: + 0.1% 15:30 / USA / Core PCE Deflator (annual) / June / Expectation: + 1.0% / Previous: + 1.0% 15:30 / USA / Employment Cost Index / 2. Quarter / Expectation: + 0.6% / Previous: + 0.8% 16:45 / USA / Chicago Purchasing Managers Index (PMI) / July / Expectation: 43.9 / Previous: 36.6 17: 00 / USA / University of Michigan Confidence Index / July / Expectation: 72.7 / Previous: 73.2 17:00 / USA / University of Michigan Current Conditions Index / July / Previous: 84.2 17:00 / USA / University of Michigan Expectations Index / July / Previous: 66.2 17:00 / USA / University of Michigan 1-Year Inflation / July / Previous: 3.1% 17: 00 / USA / University of Michigan 5-10 Year Inflation / July / Previous: 2.7%

July 27 - July 30

????? / Germany / Import Price Index (monthly) / June / Expectation: + 0.5% / Previous: + 0.3% ????? / Germany / Import Price Index (annual) / June / Expectation: - 5.2% / Previous: - 7.0%

July 27 - August 2

????? / Germany / Retail Sales (monthly) / June / Expectation: - 3.0% / Previous: + 13.9% / Revised: + 12.9% ????? / Germany / Retail Sales (annual) / June / Expectation: + 3.3% / Previous: + 3.8% / Revised: + 3.2%

From 28 July to 3 August

????? / UK / Nationwide House Prices (monthly) / July / Previous: - 1.4% ????? / UK / Nationwide House Prices (annual) / July / Previous: -0.1%