Friday, July 25: key economic data on tap

Markets brace for a busy Friday with crucial indicators from Japan, the UK, Germany, and the US, offering fresh insights into global economic momentum.

• 06:30 (Japan): Services Index YoY (expected 3.2%; previous 3.3%)

• 07:00 (Japan): Leading Indicator (expected 105.3; previous 104.2)

• 08:00 (UK): Retail Sales MoM (expected 1.2%; previous -2.7%)

• 08:00 (UK): Retail Sales YoY (expected 1.8%; previous -1.3%)

• 10:00 (Germany): IFO Business Climate Index (expected 89; previous 88.4)

• 10:00 (Eurozone): M3 Money Supply YoY (expected 3.7%; previous 3.9%)

• 10:00 (Italy): Business Confidence (previous 93.9)

• 10:00 (Italy): Consumer Confidence (expected 96; previous 96.1)

• 14:30 (USA): Durable Goods Orders MoM (expected -10.4%; previous 16.4%)