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EU leaders reached agreement on recovery fund
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Poland and Canada report retail sales data
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Coca-Cola and Lockheed Martin among earnings reporters
Moods on the global markets are positive ahead of the European cash session open. European leaders reached an agreement on the shape of a massive €750 billion EU post-Covid recovery fund (€390 billion in grants, €360 billion in loans). However, traders should be aware that some "buy-the-rumour, sell-the-fact" trading may occur after European cash session launches. Apart from that, there is not much on the calendar that could move the market today.
9:00 am BST - Poland, retail sales for June. Expected: -4% YoY. Previous: -8.6% YoY
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Create account Try a demo Download mobile app Download mobile app1:00 pm BST - Central Bank of Hungary rate decision. Expected: 0.60%. Previous: 0.75%
1:30 pm BST - Canada, retail sales for May.
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Headline. Expected: +20% MoM. Previous: -26.4% MoM
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Ex-autos. Expected: +15.5% MoM. Previous: -22% MoM
9:40 pm BST - API report on oil inventories. Expected: -1.95 mb. Previous: -8.3 mb
Noteworthy earnings releases
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Coca-Cola (KO.US) - before market open
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Lockheed Martin (LMT.US) - before market open
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Philip Morris (PM.US) - before market open
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United Airlines (UAL.US) - after market close
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