The Euro
European Headlines and Economic data
Monday:
- ECB stands ready to adjust all tools as needed: de Guindos
- Italian industrial production: Poor start to 2Q19
Tuesday:
- ECB’s Kazimir saw stimulus decision proves willingness to act
- ECB Policy Makers Say They’ll Cut Rates and Add QE If Needed
- Germany Gets a Recession Warning as Investor Confidence Plunges
- New PM will not change Brexit deal – EU’s Juncker
Wednesday:
Thursday:
- Industrial production down by 0.5% in euro area; Down by 0.7% in EU28
- EU steps up pressure over Italy debt, flags stability concerns
Friday:
- In Q1 2019, the French labour cost index – wages and salaries increased by 1.5%, the total labour cost index increased by 1.2%
- In May 2019, French consumer prices rose by 0.1% over one month and by 0.9% year on year
- EU heads towards full-blown fight with Italy over debt
- Italy’s Deputy PM Di Maio rules out government reshuffle
- More work needed on euro zone budget, Eurogroup head Centeno says
The Swiss Franc
Swiss Headlines and Economic data
Thursday:
- Producer Prices in Switzerland were unchanged at 102.20 in May
- Swiss National Bank leaves key policy unchanged – the short-term bullish reaction to the event was likely due to the reiteration by the SNB that they continue to be very willing to intervene in the currency markets if the franc continues to appreciate.
- SNB Backs Steps to Rein In Hot Residential Property Sector
- Swiss govt ups 2019 GDP forecast but warns of Brexit, Italy, trade risks
- SNB’s Jordan says central bank has room for more expansionary policy
- Swiss National Bank announces policy rate to replace Libor
