France’s April Industrial Production 0.8% m/m (expected 0.3%; last -1.1%)
Spain’s May Unemployment Change -49,300 (expected -40,100; last -73,900)
European Central Bank policymaker Panetta repeated that inflation is too high, but also acknowledged that the ECB is not far from reaching the terminal rate.
Germany’s finance ministry is encouraging other ministries to limit next year’s spending plans to close a EUR20 bln deficit.