Economic data coming up in the European session
Central bank speakers outline the economic calendar in Europe today
Good day, everyone! Hope you're all doing well as we look to get things going in the session ahead. It's been a bit of a slower start to proceedings once again as markets continue to figure things out on the week, as equities and bonds also flattish since overnight trading.
There will be little on the data docket in the European morning before we get US CPI data but we'll have a couple of central bank speakers on the agenda at the very least.
0700 GMT - Spain May final CPI figures
Preliminary figures can be found here. Given that this is the final release, it should matter little unless the figures deviate substantially from initial estimates.
0800 GMT - ECB's Muller speaks in Talinn
Madis Muller took over from Ardo Hansson as Estonia's central bank governor on 6 June so expect to hear more from him over the next few years. He'll be speaking here on the euro area outlook and the Estonian economy in general.
0815 GMT - ECB's Draghi speaks in Frankfurt
Draghi will be delivering the welcome address at the 8th ECB conference on CESEE. The conference carries the theme of "Resilience to global headwinds?". He is expected to speak for about 15 minutes before IMF chief Christine Lagarde will be delivering the keynote speech right after for about 30 minutes.
0900 GMT - ECB's de Guindos participates in a panel discussion
de Guindos will be chairing a discussion on 'responses to trade shocks' at the same event as Draghi above. If anything, there should be some general commentary on trade issues but nothing major in my view.
0900 GMT - RBA's Ellis speaks in Melbourne
RBA deputy governor, Luci Ellis, will be speaking at the 2019 Freebairn Public Lecture on the topic of 'Watching the Invisibles'. She may touch on the economy and policy but it's hard to really gather much from the topic alone so let's see.
1100 GMT - US MBA mortgage applications w.e. 7 June
Weekly US housing data, measures the change in number of applications for mortgages backed by the MBA during the week. Not the biggest of data points, but a general indicator of the housing sector sentiment.
1215 GMT - ECB's Coeure participates in a panel discussion
Coeure will be chairing a discussion on 'responses to monetary policy and financial shocks' at the same event as Draghi and de Guindos above. He may touch on a couple of policy remarks but I won't expect anything that we don't already know since last week.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!