German factory orders are expected to rebound in June after a decline of 1.7% m/min May. The release will give a better idea of whether the weakness in both factoryorders and industrial production in May was due to calendar effects or if it reflectsoverall weakness in the manufacturing sector in Germany. Some of the weaknesscould be due to the geopolitical tensions, which affect foreign demand.
Italian GDP for Q2 is expected to reveal that the economy expanded after a smallcontraction in Q1. Focus will be on signs of improvement in private consumption andinvestments after Prime Minister Matteo Renzi implemented reforms aimed atboosting domestic demand.
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