US data release schedule for later today- S+P 500 in focus here

Later today we have a few reasonably important US data releases due out. Those are all at 12.30pm GMT and they cover weekly jobless claims, retail sales and the latest Philadelphia Fed index. Retail sales are forecast to rise by around 0.4%  in July compared to no gain in June. The Philly Fed index is forecast to come in lower though, at around 5.5, compared to 13.9 previously reported. There is also the latest US industrial and manufacturing data due out at 1.15pm GMT, but that does not usually have much of an impact. So, all this data will break ahead of the US stock market opening and hence it could have a passing impact. That said, the markets might struggle to look through any of this, as the dye looks now to be cast for a Fed September rate cut and it is unlikely any of this data will deter that outlook. So, as the European stock markets prepare to reopen shortly, the S+P 500 is still set to open higher later on, currently at around 5,462