Market movers ahead

Danske Bank Markets:

We expect a 1.4% m/m increase in overall US retail sales in May on the back of an increase in auto sales and higher gasoline prices. 

Greece and its creditors will work on reaching an agreement on Greece's fiscal woes before Thursday's meeting of euro area finance ministry deputies. 

In China, we expect growth in industrial production to have stayed subdued at 5.9% y/y in May. 

In Scandi markets, focus will be on May's inflation due to be released in Denmark, Norway and Sweden next week, in particular as rate cuts are looming in Norway and Sweden.