It's manufacturing PMI day in Europe

Good day, everyone! Hope you all had a good weekend as we kick start the new month, quarter, and half-year. All eyes will be on Germany later on as the political developments there continue to take some twists and turns. But we also still have some data to navigate through during the day.

Here's what is on the agenda in European trading today:

0715 GMT - Switzerland May retail sales data

Prior release can be found here. Domestic consumption was decent in Switzerland in April, so let's see if it carries over into May. A minor data point.

0715 GMT - Spain June manufacturing PMI

0730 GMT - Switzerland June manufacturing PMI

0745 GMT - Italy June manufacturing PMI

The PMI slew begins with Spain, Switzerland, and Italy. Not major releases but builds into overall sentiment for their respective economies.

0750 GMT - France June final manufacturing PMI
0755 GMT - Germany June final manufacturing PMI

0800 GMT - Eurozone June final manufacturing PMI

Final readings to follow after we got the preliminary readings at the end of June. Manufacturing prints were mildly disappointing so not much is expected here, though a lower revision will further highlight the softening factory conditions in the Eurozone economies.

0800 GMT - SNB sight deposits w.e. 29 June

Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.

0830 GMT - UK June manufacturing PMI

Prior release can be found here. With the BOE going heavily focused into data dependency, expect some scrutiny on the data should the print here miss considerably. Expectations is for a reading of 54.0 - down from May's 54.4. On the flip side, an upbeat report should help give sterling some reprieve as well.

0900 GMT - Eurozone May PPI figures

Prior release can be found here. A rough indicator of inflationary pressures, not really substantial as it is a lagging indicator. We already had Eurozone June preliminary CPI figures last week so this isn't too much of an important item to focus on.

0900 GMT - Eurozone May unemployment rate

Prior report can be found here. An indicator of labour market tightness in the Eurozone, which given the backdrop we already know is still improving. Not a major data release by any means.

That's all for the session, I wish you all the best of days ahead and as always good luck with your trading!