The data calendar is fairly thin this week, with the PMI releases in the euro area and the US as the most noteworthy global data releases, according to the analysts at Danske Bank.
“The main focus will instead be on political developments in the UK and France in the aftermath of the parliamentary elections in the two countries on 8 June and yesterday, respectively.”
“Furthermore, in the UK, Brexit negotiations are bound to begin.”
“In the US, we will look out for any comments in speeches by FOMC members about what drove the decision on the June rate hike, which in our view was not justified by the data.”
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