- Markets remain nervous as Covid-19 cases continue to rise
- US existing home sales seen dropping 3% in May
- 3 ECB members to deliver speeches
European futures trade lower ahead of the cash session open. Markets remain jittery amid continuous rise in new coronavirus cases. There aren’t many important events scheduled for today. Polish retail sales data will be released in the morning while US existing home sales dat will be the only noteworthy release during the US trading hours. Last but not least, 3 ECB members will deliver speeches today.
9:00 am BST – Poland, retail sales for May. Expected: -12.9% YoY. Previous: -22.6% YoY
3:00 pm BST – US, existing home sales for May. Expected: -3% MoM. Previous: -17.8% MoM
Central bankers’ speeches
- 10:45 am BST – ECB’s Hakkarainen
- 3:15 pm BST – ECB’s de Guindos
- 5:30 pm BST – ECB’s Lane
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%⏰