Some minor releases to move things along in the European morning
Good day, everyone! Hope you're all doing well as we look to get things going in the session ahead. Major currencies are still trading in narrow ranges for the most part today with little change overall. Today, we'll see the return of UK and US trading so hopefully that'll add more life into markets in general.
0545 GMT - Switzerland Q1 GDP figures
Prior (Q4) report can be found here. The Swiss economy in the first quarter is expected to see somewhat similar growth as what we observed at the end of last year, so the data here shouldn't provide much excitement as it won't provide much additional reason for the SNB to normalise policy any time soon.
0600 GMT - Switzerland April trade balance data
Prior release can be found here. General trade conditions in the Swiss economy, most of the time reflective of sentiment in the euro area. Not a major release by any means.
0600 GMT - Germany June GfK consumer confidence survey
Prior release can be found here. The reading measures the level of consumer confidence in economic activity. A minor data point.
0600 GMT - Germany April import price index
Prior release can be found here. A bit of a lagging indicator of inflationary pressures in the German economy, as such it is more accompanying data rather than a key release.
0645 GMT - France May consumer confidence data
Prior release can be found here. An indication of consumer sentiment towards the French economy, low-tier data.
0800 GMT - Eurozone April M3 money supply data
Prior release can be found here. General gauge of credit conditions in the Eurozone economy, a minor data point.
0830 GMT - UK Finance April mortgage approvals data
Prior release can be found here. The data measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK. One of the many different data sets that reflects UK credit conditions, a minor data point.
0900 GMT - Eurozone May final consumer confidence
0900 GMT - Eurozone May economic, business, industrial, services confidence
Prior report can be found here. The readings here measure the confidence levels towards the euro area economy as a whole. While not a release that matters all too much, it feeds into overall Eurozone economic sentiment in the bigger picture.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!
