Market movers today
Today's data calendar is relatively light with focus likely to stay on US data. In line with consensus expectations, we expect University of Michigan consumer confidence to have improved slightly to 83.0 in June from 81.9 in May on the back of an improving labour market and continued gains in stock prices. In the US, producer prices for April will also be released today.
Producer prices does not usually get a lot of attention but with focus gradually turning back to inflation, it could also gradually come back into the limelight.
Bank of Japan (BoJ) Governor Kuroda will hold a press briefing at 08:30 CET in connection with today's BoJ meeting. As widely expected BoJ did not announce any new easing measures. The press briefing will probably be uncontroversial and without any major impact. However, in light of the recent increase in inflation, it will interesting to see if Kuroda is willing to discuss exit strategies from the current aggressive QE programme.
Today Fitch could potentially announce a rating decision on France and Moody's could possibly announce a rating decision on Italy.
IEA is set to publish June's oil market report today which may get some additional attention on the back of the recent rise in Iraqi supply concerns.
Swedish unemployment data is due today.
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