Final releases for French and German CPI on the agenda
10-year yields are holding steadier around 1.37% today with US futures flattish, as sentiment holds up ahead of European trading later.
Meanwhile, the aussie and kiwi are mildly higher with the former nearing 0.7500 against the dollar while the latter is up close to 0.7000 against the greenback.
There will be a couple of releases in Europe later to move things along but the key risk event today will be the US CPI data release at 1230 GMT.
As such, we may get a bit more of a typical summer’s day in European trading but just be mindful in case risk trades keep firmer as sentiment holds up for now.
0600 GMT – Germany June final CPI figures
0630 GMT – Switzerland June producer and import prices
0645 GMT – France June final CPI figures
The preliminary release can be found here. As this is the final report, it shouldn’t tell us much that we don’t already know barring any major deviations from initial estimates.
1000 GMT – US June NFIB small business optimism index
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.