Also, housing starts, building permits and existing home sales may show some improvement after several months of weakness. In the Euro Area, leading indicators, manufacturing and services PMI’s should improve. We also expect a rebound in ZEW expectations for August. In Japan, a key release will be the preliminary Q2 GDP. After four straight quarters of negative growth, the third largest economy in the world may show some signs of recovery. In the United Kingdom, consumer prices probably slid further in July. In Canada, inflation may drop as well. Finally, in Switzerland, we expect exports to pick up led by external demand from the rest of Europe.