Bank of Japan Governor Kuroda speaks after the central bank meeting. It will be interesting to hear whether Kuroda opens the door for more future stimulus. According to a survey by Bloomberg 20 out of 26 analysts expect more stimulus in the next 10 months, as inflation remains distant from its 2% target.
German foreign trade for June is due for release this morning and it will reveal whether the strong production in June is supported by export growth.
Today's initial jobless claims is likely to attract some attention after recent comments from Fed officials suggest that Fed tapering is going to start sometime this fall, unless the economic data take a significant turn for the worse. During summer claims have showed some volatility but the underlying trend has been downwards.
Norwegian credit figures for June will be published. Normally this is not Tier-1 data but evidence on credit growth to corporates accelerating further will confirm our view of growth picking up in H2.
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