EUROPEAN SESSION

In the European session, the main highlight is the Swiss inflation data. The CPI Y/Y is expected at 0.8% vs 0.6% prior, while the Core Y/Y metric is seen at 0.3% vs 0.3% prior. The data is not going to change anything for the SNB, so the market reaction will likely be muted.

AMERICAN SESSION

In the American session, we get the latest US Jobless Claims figures. Initial Claims are expected at 215K vs 215K prior, while Continuing Claims are seen at 1780K vs 1786K prior. The data has been pointing to a stable/strengthening labour market which prompted the Fed to shift the focus back towards inflation.

CENTRAL BANK SPEAKERS

• 08:00 GMT/04:00 ET – ECB President Lagarde (neutral – voter)
• 12:30 GMT/08:30 ET – Fed’s Barkin (neutral – non voter)
• 14:00 GMT/10:00 ET – Fed’s Bowman (dovish – voter)
• 15:40 GMT/11:40 ET – BoE Governor Bailey (neutral – voter)
• 17:10 GMT/13:10 ET – Fed’s Daly (neutral – non voter)

This article was written by Giuseppe Dellamotta at investinglive.com.