Economic calendar: All eyes on jobs data

• NFP report and jobless claims

• Trade balance data from Canada and the United States

Coronavirus scare will be put aside today as a key jobs report from the United States is set to be released. Release was brought forward one day as US agencies will be shut tomorrow in observance of Independence Day weekend. ADP figures released yesterday pointed to strong jobs growth but weaker than 3,000k expected. Apart from that, traders will also be served trade data from Canada and the United States.

10:00 am BST - Euro area, PPI inflation for May. Expected: -4.8% YoY. Previous: -4.5% YoY

1:30 pm BST - US, initial jobless claims. Expected: 1,350k. Previous: 1,480k

1:30 pm BST - US, NFP report for June.

• Change in non-farm payrolls. Expected: +3,000k. Previous: +2,509k

• Unemployment rate. Expected: 12.3%. Previous: 13.3%

• Average work week. Expected: 34.5h. Previous: 34.7h

• Wage growth. Expected: 5.3% YoY. Previous: 6.7% YoY

1:30 pm BST - US, trade balance for May. Expected: -$53 billion. Previous: -$49.4 billion

1:30 pm BST - Canada, trade balance for May. Expected: -2.5 billion CAD. Previous: -3.25 billion CAD

3:00 pm BST - US, factory orders for May. Expected: +8.9% MoM. Previous: -13% MoM

6:00 pm BST - Baker Hughs oil rig count. Previous: 188

Central bankers' speeches

• 2:00 pm BST - ECB's Mersch

• 6:00 pm BST - ECB's Schnabel