What is on tap for tomorrow...

The Australian employment report will be released at 9:30 PM ET (0130 GMT). The expectation is for a gain of 10K vs 7.3k last month. The unemployment rate is expected to take up to 6.1% from 6.0%. Last month, full-time employment rose by 24.5 K. Part-time employment lost 17.2 K. The participation rate is expected to remain steady at 64.8%.

Japan leading indicators for June will be released at 1 AM ET (0500 GMT). The expectations are for 106.9 vs. 106.2. The coincident index is expected to rise to 110.2 vs. 109.0, and May.

German factory orders for June released at 2 AM ET/0600 GMT. expectations are +0.3 vs. -0.2.

Bank of England interest rate decision will be released at 7 AM ET/1100 GMT. The 1st time the monetary policy committee will release a rate statement, including the official bank rate votes. In addition, the Bank of England will release their inflation report, which is projection for inflation at our growth of the next 2 years. Gov. Carney is also a press conference to discuss the report's contents. That press conference is expected to begin at 7:45 AM ET/1145 GMT.

US challenger job cuts will be released at 7:30 AM ET

The weekly US initial jobless claims be released at 8:30 AM ET with expectations for 272K vs. 267K last week.