Reply To: Traders Market Weekly: it’s a Mad, Mad World of Political Uncertainty


June Services PMI 52.8 (expected 52.6; last 53.2).
May PPI -0.2% m/m (expected -0.1%; last -1.0%); -4.2% yr/yr (expected -4.1%; last -5.7%)

May government budget deficit EUR113.5 bln (last deficit of EUR91.6 bln).
June Services PMI 49.6 (expected 48.8; last 49.3)

Sweden’s Riksbank expects two or three rate cuts in the second half, according to the policy Minutes from the June meeting.

The U.K.’s snap election will take place tomorrow with the ruling Conservative party expected to be dealt a major defeat.