Economic calendar: Data from Europe and the United States

European markets seen opening lower
OPEC+ talks fell apart
German ZEW and US services ISM

Futures markets point to a lower opening of today's cash session. Oil is trading at fresh post-pandemic highs after OPEC+ talks fell apart and no date for new ones was set. Elsewhere, NZD rallies against G10 peers after rate hike odds spiked. US traders come back from a long weekend today so market conditions in the afternoon should return to normal.

There are some noteworthy releases scheduled for today. Industrial production from Spain, retail sales from Eurozone and German ZEW will be released in the morning. While neither of these prints triggered major market moves in recent months they give a hint on the condition of European economy. Services ISM at 3:00 pm BST is key reading of the US session and is expected to show slight deterioration.

8:00 am BST - Spain, industrial production for May. Expected: 22.1% YoY. Previous: 48.2% YoY

10:00 am BST - Euro area, retail sales for May. Expected: 4.2% MoM. Previous: -3.1% MoM

10:00 am BST - Germany, ZEW index for July. Expected: 75.5. Previous: 79.8

2:45 pm BST - US, services PMI for June (final). First release: 64.8

3:00 pm BST - US, services ISM index for June. Expected: 63.5. Previous: 64.0

Central bankers' speeches

9:10 am BST - ECB de Guindos
12:00 pm BST - ECB Enria

10 July 2026, 17:03

Fed presents its semi-annual report. Stocks are expensive but no bubble?

10 July 2026, 07:57

Economic Calendar: SK Hynix and the Canadian job market are the highlights of the day 💡

9 July 2026, 06:43

Morning wrap🚩 Wall Street resists oil pressure amid rising Middle East tensions (09.07.2026)

8 July 2026, 19:20

FOMC Minutes: Hawkish tone confirmed. EURUSD rebounds nonetheless

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