- Publication of the German ZEW Index
- German CPI Inflation in line with expectations
Today's macro calendar is once again relatively light compared to more interesting publications later in the week.
In the first part of the day, investors have already received labor market data for the United Kingdom. The unemployment rate in May stood at 4.0%, slightly higher than the expected 3.8%. Similarly, there were 25.7k more claims for unemployment benefits compared to May, where the change was -22.5k. At 7:00 am BST, German inflation data was also published, which matched analysts' expectations. The June data showed a 6.4% year-on-year increase in prices, slightly higher level as the previous month.
Detailed macro calendar:
10:00 am BST, Germany - ZEW Index:
- Expected: -10, Previous: -8.5
9:40 pm BST, US - Weekly Crude Oil Inventories (API):
- Expected: +0.2 mn brk, Previous: -4.38 mn brk
Central bankers' speeches:
- 2:00 pm BST, US - Bullard, Fed member
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