- European indices set for higher opening
- US retail sales data in the spotlight
- German ZEW index for June on the agenda
- Number of speeches from Fed and ECB members
European index futures point to a higher opening of today's cash session on the Old Continent, with EuroStoxx and DAX futures trading around 0.6% higher. This comes after an upbeat Asia-Pacific session that saw regional indices gain. AUD is the best performing G10 currency today - while RBA left interest rates unchanged today, RBA Governor Bullock acknowledged that discussion on a rate hike was held.
Economic calendar for the day ahead includes some interesting releases. US retail sales report for May at 1:30 pm BST will draw the most attention, while traders in Europe will focus on ZEW index release for June (10:00 am BST). EURUSD may also remain active throughout the day due to a number of Fed and ECB speakers scheduled.
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Open account Try demo Download mobile app Download mobile app10:00 am BST - Germany, ZEW index for June. Expected: 50.0. Previous: 47.1
10:00 am BST - Euro area, CPI inflation for May (final).
- Headline. First release: 2.6% YoY
- Core. First release: 2.9% YoY
1:00 pm BST - National Bank of Hungary rate decision
1:30 pm BST - US, retail sales for May.
- Headline. Expected: +0.2% MoM. Previous: 0.0% MoM
- Ex-autos. Expected: +0.2% MoM. Previous: +0.2% MoM
2:15 pm BST - US, industrial production report for May
- Industrial production. Expected: 0.3% MoM. Previous: 0.0% MoM
- Capacity utilization. Expected: 78.6%. Previous: 78.4%
3:00 pm BST - US, business inventories. Expected: 0.3% MoM. Previous: -0.1% MoM
9:40 pm BST - API report on US oil inventories
Central bankers' speeches
- 10:00 am BST - ECB Knot
- 1:00 pm BST - ECB Cipollone
- 2:30 pm BST - ECB de Guindos
- 3:00 pm BST - Fed Barkin
- 4:40 pm BST - Fed Collins
- 5:00 pm BST - ECB Villeroy
- 6:00 pm BST - Fed Logan
- 6:00 pm BST - Fed Kugler
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