- Global stocks managed to erase yesterday early losses
- ECB President Christine Lagarde is scheduled to speak
- US Personal Spending and PCE index point to a solid rebound
Since there is little data scheduled for release today, therefore markets are likely to be steered by coronavirus-related newsflow and its impact on risk sentiment.
8:00am BST - ECB's President Lagarde speech
1:30pm BST- US Core PCE Price Index m/m. Expected: 0.0%. Previous: -0.4%
1:30pm BST- Personal Spending m/m. Expected 8.9%. Previous -13.6%
3:00pm BST- Michigan Consumer Sentiment Index for Jun. Expected 79.1. Previous 78.9%
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰