Economic calendar: Rate decisions from 3 central banks

European stock markets seen opening lower
FOMC dot-plot pointed to 2 rate hikes in 2023
Rate decisions from 3 central banks

Stock markets in Europe are seen opening lower today after the Fed hinted yesterday that first rate hikes may come in 2023. Whie FOMC decision was a key central bank announcement this week, this is not the end of this week's central bank marathon. Investors will be offered monetary policy decisions from 3 countries today - Switzerland, Norway and Turkey. Neither of the three is expected to make changes to the level of interest rates. SNB and Norges Bank rarely trigger big moves on the market but CBRT decision at 12:00 pm BST may spur some more volatile moves on TRY market.

8:30 am BST - Swiss National Bank rate decision

9:00 am BST - Norges Bank rate decision

10:00 am BST - Euro area, CPI inflation for May (final). First release: 2% YoY

12:00 pm BST - Central Bank of the Republic of Turkey rate decision

1:30 pm BST - US, Philly Fed index for June. Expected: 30.3. Previous: 31.5

1:30 pm BST - US, jobless claims. Expected: 360k. Previous: 376k

3:30 pm BST - EIA natural gas storage. Expected: 71 bcf. Previous: 98 bcf

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Economic reports

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