Speeches by ECB President Mario Draghi and ECB Chief Economist Peter Praet will be interesting following the strong euro PMI data yesterday. Mario Draghi tends to put a lot of focus on PMI and the strength in the data is likely to add to the sense that downside risks have diminished.
In the US, the FOMC minutes from the May meeting on Wednesday are due out, which may give us more insight into what the FOMC members think about the timing of the next Fed hike and not least quantitative tightening (however, notice that the meeting took place before the weak CPI inflation print for April). The US is also due to release existing home sales.
In Scandi, focus turns to Swedish confidence figures and Norwegian unemployment and the oil investment survey.
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