Reply To: Traders Market Weekly: Independence, Precious and Formative

#39412
Truman
Participant

Eurozone’s June Business and Consumer Survey 104.0 (expected 103.0; last 105.0). May Private Sector Loans 4.6% yr/yr (last 4.6%) and loans to nonfinancial corporations 5.8% yr/yr (last 5.2%)
Spain’s May Retail Sales 1.4% yr/yr (expected 1.3%; last 1.6%). Flash June CPI 1.8% m/m (expected 0.6%; last 0.8%); 10.2% yr/yr (expected 9.0%; last 8.7%)
Swiss June ZEW Expectations -72.7 (last -52.6)
Spain’s flash CPI for June was up more than 10.0% yr/yr, representing the sharpest rate of increase since late 1984.
Two European Central Bank policymakers repeated that the ECB is highly likely to call for a 75-bps hike in September.
Scotland is planning another independence referendum for October 2023.
France lowered its growth forecast for the year to 2.5% from 4.0%.
Germany’s finance ministry reportedly plans to reinstate its debt brake next year.