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European markets set for flat opening
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Conference Board index for June and some second-tier data from US
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ECB speakers on the agenda, including Lagarde
European futures markets point to a more or less flat opening of the cash session on the Old Continent today. Moods improved slightly during the Asian session following a lower close of Wall Street session yesterday. Nevertheless, volatility on the markets looks subdued and it may remain so during the European morning trade as the economic calendar is almost empty. Reuters reported that ECB may start new bond buying schemes in order to cap yields but it looks rather unlikely that ECB speakers will provide more details on the matter today.
Calendar gets more busy in the afternoon with some US data releases. US Conference Board index for June is a top reading of the day and is expected to show a significant deterioration.
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Create account Try a demo Download mobile app Download mobile app1:30 pm BST - US, goods trade balance for May. Expected: -$102.0 billion. Previous: -$105.9 billion
3:00 pm BST - US, Conference Board consumer confidence for June. Expected: 100.5. Previous: 106.4
3:00 pm BST - US, Richmond manufacturing index for June. Expected: -11.0. Previous: -9.0
9:40 pm BST - API report on US oil inventories. Expected: -1.6 mb. Previous: +5.61 mb
Central bankers' speeches
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9:00 am BST - ECB President Lagarde
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9:30 am BST - ECB Lane
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11:00 am BST - BoE Cunliffe
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12:00 pm BST - ECB Panetta
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5:30 pm BST - Fed Daly
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