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Lot of High risk data and event scheduled for today. Focus is on SNB rate decision and US CPI.
Data released so far -
- China - House price index dropped by -5.7% in May, after -6.1% drop in April. Foreign direct investment grew by only 7.8% in May from a year ago.
Upcoming -
- Euro zone - Euro group will hold meeting on Greece today, press conference is scheduled at 18:00 Central Eastern European meeting. Economic bulletin will be released from Eurostat today. Around 8:00 GMT. Labour cost for first quarter is scheduled at 9:00 GMT. ECB will declare allotment under Targeted LTRO at 9:15 GMT.
- Switzerland - SNB will declare financial stability report 4:30 GMT. Trade balance will be declared at 6:00 GMT. SNB will declare monetary policy decision at 7:30 GMT.
- UK - Retail sales for May at 8:30 GMT. Sales grew 4.7% in April on yearly basis, median expectation is of 4.8% growth in May.
- US - Lot of economic dockets scheduled for today. Jobless claims scheduled for release at 12:30 GMT, along with current account for first quarter. Consumer price index from US will be released at 13:30 GMT, followed by Philadelphia FED manufacturing survey at 14:00 GMT. EIA will declare Natural gas inventory report at 14:30 GMT.
