The most important release is euro area money supply and credit growth for April. At the ECB-forum in Sintra ECB-president Draghi in his speech Monday appeared concerned about banks' capacity to increase loans. This suggests that the development in credit growth plays a more important role in an ECB easing decision and its design.
ECB's bi-annual Financial Stability Review will also be released today. It usually contains an evaluation of banks' balance sheets and loan growth and could prove very interesting. In connection with the publication ECB vice-president Vitor Constancio will hold a press briefing at 15:00 CET.
The German unemployment rate is expected to have continued to edge lower in May, although there are some signs that the German manufacturing engine has lost a bit of steam lately.
In Norway retail sales for April will be released.
To Read the Entire Report Please Click on the pdf File Below