European Equities: It’s the Eve of the G20 Summit…
It’s the eve of the G20 Summit… While economic data will provide direction early, the markets will be looking out for any chatter on trade.
The Day Ahead
June prelim inflation figures are due out of Spain and Germany, with the Eurozone’s business confidence numbers also in focus. Softer inflation figures would provide support, as the markets look to the ECB’s assurances of further easing should inflationary pressures soften.
From the U.S, finalized 1st quarter GDP numbers and the weekly jobless claims will also provide direction.
With the G20 Summit starting tomorrow, any chatter on trade or Iran will likely overshadow the numbers on the day.
Trading Central – EURUSD : sentiment is a buy to 1.1570 if above 1.1260
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