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EU leaders meet to discuss post-Covid recovery fund
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Small improvement seen in Michigan consumer sentiment
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BlackRock and StateStreet among earnings reporters
European and US futures are trading slightly higher on the final trading day of the week. A number of releases can be found in today's calendar but attention is likely to be focused on the European Summit.
The EU summit is a major event to look at today. Heads of European countries will discuss a €750 billion recovery fund as well as €1.07 trillion budget for the next 7 years. Discussions are expected to extend onto Saturday. Talks are likely to be tough as lining up the interests of a dozen or so countries is a challenging task. Not to mention that EU leaders may decide to tie funds to non-coronavirus related matters and it would further complicate reaching an agreement.
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Create account Try a demo Download mobile app Download mobile app9:00 am BST - Poland, labour market report for June.
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Employment change. Expected: -3.9% YoY. Previous: -3.2% YoY
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Wage growth. Expected: 1.5% YoY. Previous: 1.2% YoY
10:00 am BST - Euro area, CPI inflation for June (final). Expected: 0.3% YoY
1:30 pm BST - US, housing market data for June.
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Building permits. Expected: 1280k. Previous: 1216k
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Housing starts. Expected: 1165k. Previous: 974k
1:30 pm BST - Canada, wholesale sales for May. Expected: +8.2% MoM. Previous: -21.6% MoM
3:00 pm BST - US, University of Michigan index for July. Expected: 79. Previous: 78.1
6:00 pm BST - US oil rig count. Previous: 181
Noteworthy US earnings releases
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BlackRock (BLK.US) - before market open
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State Street Corporation (STT.US) - before market open
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