Market movers today
• We expect a decent US retail sales report for May. Growth in headline retail sales is expected to come out at 0.2% and we forecast an increase of the same magnitude in retail sales excluding gasoline and cars.
• Speeches by ECB’s executive board members Coeure and Asmussen as well as Bundesbank’s Weidmann could attract some market attention following the hearing on ECB’s OMT programme in the German Federal Constitutional Court in Karlsruhe and Peter Praet saying on Tuesday that ‘there is room for more in the standard measures’, hinting at the possibility of a refi rate cut.
Read the full report: FX Daily
Danske Bank