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European stock markets set to open higher
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Bank of England to release financial stability report
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US factory orders data due at 3:00 pm BST
Futures markets point to a higher opening of the European cash session. Moods improved during the Asian trading session as reports surfaced saying that China is readying an infrastructure fund worth 500 billion yuan (around $74.7 billion). DAX futures are currently trading around 80 points above yesterday's cash close. Liquidity is expected to improve today compared to yesterday as US traders will return from holiday.
Calendar for the day ahead includes some noteworthy releases but most of them are revisions to June services PMI readings. US factory orders data at 3:00 pm BST may trigger some short-term volatility on USD. GBP traders should keep on guard at 10:30 am BST as the Bank of England will release a financial stability report. BoE Governor Bailey will comment on the financial stability half an hour after report release (11:00 pm BST).
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Create account Try a demo Download mobile app Download mobile app7:45 am BST - France, industrial production for May. Expected: 0.2% MoM. Previous: -0.1% MoM
8:15 am BST - Spain, services PMI for June. Expected: 53.5. Previous: 56.5
8:45 am BST - Italy, services PMI for June. Expected: 51.5. Previous: 53.7
8:50 am BST - France, services PMI for June (final). First release: 54.4
8:55 am BST - Germany, services PMI for June (final). First release: 52.4
9:00 am BST - Euro area, services PMI for June (final). First release: 52.8
9:30 am BST - UK. services PMI for June (final). First release: 53.4
1:30 pm BST - Canada, building permits for May. Expected: -1.4% MoM. Previous: -0.6% MoM
3:00 pm BST - US, factory orders for May. Expected: 0.5% MoM. Previous: 0.3% MoM
Central bankers' speeches
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11:00 am BST - BoE Governor Bailey
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5:30 pm BST - BoE Tenreyro
