• Eurogroup is due to appoint a new President
• US weekly jobless claims expected to ease to 1.37 mln
Economic calendar is quite light with US weekly jobless claims being the only noteworthy reading scheduled for release. 1.37 million American workers are expected to have filed unemployment claims during the week ending 4thJuly, below 1.42 million reported a week earlier. The jobless claims have been steadily falling since hitting a record high of 6.86 million in the week ended March 28th, but have been consistently coming above analysts' expectations. The report will be published at 13:30 BST.
Eurogroup and Ecofin Council will start their two-day meeting today. During today's session, the Eurogroup is to elect a new President of the Eurogroup. Other items on the agenda include the Commission’s summer interim forecast and budgetary situation and fiscal stance in the euro area.
Apart from that, Bundesbank Buch is scheduled to speak at 13:00 BST and Fed Bostic Speech will provide his comments at 17:00 BST