Key economic releases for the day ahead - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, lists down the key economic releases from across the globe for today’s session.

Key Quotes

“Today will see more focus on the UK’s political troubles with Brexit – where headlines today suggest that a parliamentary approval is not required for triggering Article 50 and kick-starting the 2-year exit process, something that will again boost negative sentiment as another potential ‘Get Out of Jail Free’ card is discarded.

There will also remain ongoing concerns over Italian banks, where the government appears closer to providing some form of state-led capital-injection despite the move possibly requiring shareholders and junior creditors to take losses if all other EU member states fail to waive rules designed to protect taxpayers, according to Bloomberg.

Data- and central bank-wise we have German factory orders (consensus: 1.00% m-o-m) and the ECB’s Draghi and Nouy speaking. In the US there is the May trade balance and the Fed’s Tarullo ahead of the latest set of Fed’s last set of minutes; it will be interesting to see how much they continue to try to paint an optimistic picture.”