The idea that US interest rates will stay higher for longer is probably wrong 
‘They don’t have enough’ – schools in England are running food banks for families 
What central banks are doing to safeguard financial stability and why they must proceed with caution 
Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out 
Will global oil supply be at risk if Iran and Israel pull the Middle East into war? 
EU enlargement: What does the future hold? 
China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders 
Will the RBA raise rates again? Unless prices surge over summer, it's looking less likely 
Why central banks are too powerful and have created our inflation crisis 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data and events so far:
- US is closed for 4th of July independence day.
- Australia: Retail sales up 0.1 percent m/m in May.
Upcoming:
- Switzerland: CPI inflation for the month of June due at 6:30 GMT. Expected 0.5 percent y/y, prior 0.6 percent.
- Eurozone: ECB member Lane to speak at 7:00 GMT. Retail sales report for the month of May to be published at 9:00 GMT. ECB member De Guindos to speak at 9:00 GMT.
- Australia: AiG performance of construction report to be published at 22:30 GMT.
- Auction: Spain and France will auction 10-year bonds today.
