Newsquawk Daily Economic Releases - 12th August 2026

The day's calendar is anchored by the US CPI print, which in past cycles of this kind has been the dominant input into front-end repricing and the rate differential that drives the dollar; final inflation readings out of Germany and Italy are typically non-events barring a revision, with the preliminary prints having already set the euro-area narrative. The coincidence of the IEA and OPEC monthly reports on the same session is a recurring feature of the calendar and historically the interest lies in the divergence between the two demand forecasts rather than either in isolation, since sustained gaps between them have tended to frame the crude balance debate for weeks. Heavy sovereign supply across Australia, Japan, the UK, Germany and the US on a single day has in comparable sessions mattered most at the long end, where concession building ahead of auctions can steepen curves into the US data. The sequencing worth noting is that the energy reports and European finals land before the US print, so positioning into CPI is set against an already-moving rates and oil tape. As a calendar note rather than a release, there is little beyond the schedule to assert.