Market Movers
After last week's disappointing US job report, the big theme in the market will be when the Federal Reserve will raise its interest rate. The week will contain relatively few economic releases to guide markets further. However, Fed chair Janet Yellen is speaking today. Recently, she said that a hike in the coming months was likely.
In the euro area, the data calendar is rather thin next week. The Sentix investor confidence data for June is due for release today and we expect the index for June to follow the rising tendency seen in other survey indicators. An increase will also be in line with the recent positive trends in stock indexes such as the EUROSTOXX 50.
Data for German factory orders for April is also due out today and we expect a decline following a 1.9% monthly increase in March.
In the UK, everything continues to be driven by the upcoming EU referendum.
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