Late today the EU is set to publish a list of new names of individuals andorganisations affected by sanctions due to the Ukraine-Russia conflict. The EU is alsoset to discuss additional measures.
June’s M3 money supply is scheduled for release. We expect an increase of 1.30% y/y– slightly higher than consensus.
We forecast a small drop in the German IFO index for July. We could be in for apositive surprise though, following the better-than-expected PMI released yesterday. In the government bond market Belgium is up for a S&P review today. S&P hasBelgium on stable outlook and the ‘AA’ rating is still one notch higher than Moody’s.We expect no changes from S&P today.
Read the full report: FX Daily