Market movers today
Main event today will be a meeting between EU ambassadors aiming to close a deal on so-called phase 3 sanctions against Russia that involves the financial, defence and high-tech energy sector. The new sanctions could come into force within 24 hours of a deal being reached according to an EU spokesperson. If new sanctions are agreed on, it could lead to a further decline in risk sentiment.
On the data front the US releases consumer confidence for June from Conference Board, which is expected to rise to 86 (consensus 85.5) from 85.2 in May. It would mark a new six-year high for consumer confidence currently boosted by stronger job growth and robust wealth gains.
US data on house prices from Case-Shiller for May are expected to show a further gain of 0.3% m/m in May. House price increases have come off from the strong levels last year but are still rising at a 7-8% level on a three-month annualised basis.
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