Economic calendar: Independence Day in the US

Summary:

  • No session on Wall Street due to Independence Day
  • Retail sales from the Eurozone
  • Some central bankers on the agenda

10:00 am BST - EMU retail sales for May: The consensus calls for a 0.4% MoM increase and a 1.6% YoY rise. 

(tentative) - Romanian central bank rate decision: In 2018 the Romanian central bank hiked rates several times taking the main rate to 2.5% from 1.75%. However, since the mid-2018 interest rates have been stable there in spite of the fact that inflation remains above 4% (the central bank has the inflation objective of 2.5% with a 1pp deviation) and the current account deficit has widened to beyond 4% of GDP in recent months. 

Central bankers’ speeches:

  • 8:00 am BST - ECB’s Lane

  • 10:10 am BST - ECB’s de Guindos

  • 2:15 pm BST - Riksbank’s Floden

Keep in mind that there will be no session on Wall Street today due to the Independence Day, hence volatility may be limited.

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