The most important release is euro area money supply and credit growth for April.At the ECB-forum in Sintra ECB-president Draghi in his speech Monday appearedconcerned about banks’ capacity to increase loans. This suggests that the developmentin credit growth plays a more important role in an ECB easing decision and its design.
ECB’s bi-annual Financial Stability Review will also be released today. It usuallycontains an evaluation of banks’ balance sheets and loan growth and could prove veryinteresting. In connection with the publication ECB vice-president Vitor Constanciowill hold a press briefing at 15:00 CET.
The German unemployment rate is expected to have continued to edge lower inMay, although there are some signs that the German manufacturing engine has lost abit of steam lately.
In Norway retail sales for April will be released.
Read the full report: FX Daily
Danske Bank