In the Euro Area, consumer prices probably increased in July as Spain and Greece raised the Value Added Tax (VAT). Also, unemployment rate is expected to go up slightly. In Japan, jobless rate is likely to remain stable at 5.2% and inflation to stay in the deflationary territory. In the United Kingdom, Purchasing Managers’ Index should probably improved in July. In Canada, after a not very good reading in April, GDP growth may show some improvement in May. In Australia, consumer prices are expected to have increased in the quarter ended in June quarter as tobacco, petrol and private health insurance cost went up. Finally, the Reserve Bank of New Zealand is likely to raise the official interest rate to 3 percent.