Economic calendar: EU recovery fund talks continue

EU recovery fund discussions continue
Polish industrial production seen lower in June
IBM among earnings reporters

European equity futures trade flat amid lack of agreement on EU recovery fund. However, as discussions are set to resume this afternoon, there is still hope that an agreement can be reached. Comments related to the discussions are likely to be a major driver for European assets today.

9:00 am BST - Poland, industrial production for June. Expected: -6.9% YoY. Previous: -17% YoY

9:00 am BST - Euro area, trade balance for May. Expected: €15.2 billion. Previous: €14.4 billion

3:00 pm BST - EU recovery fund discussions resume. EU leaders were set to held talks on Friday and Saturday over the final shape of EU recovery fund. However, agreement has not been reached in that time and discussions extended onto Sunday and Monday. Talks will resume this afternoon and discussions will center over how much money should be provided by loans and grants.

Noteworthy earnings releases

International Business Machines (IBM.US) - after market close
Halliburton (HAL.US) - before market open

22 May 2026, 9:40 AM

Economic calendar (22.05.2026) US UoM final data in focus, German Ifo beats expectations

22 May 2026, 7:03 AM

Morning wrap (22.05.2026) Nasdaq climbs higher, supporting European and Asian stocks

21 May 2026, 2:54 PM

BREAKING: Mixed PMI from US

21 May 2026, 8:53 AM

Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?

Economic reports

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