Today at 10 am London time Euro Zone will be realising its Retail Sales figures for May. It is expected that Retail sales rose between 0.15% – 0.3% which will be a fantastic result considering the current financial situation in the Euro Zone.
If expectations are correct, it could help to improve the mood in the Euro Zone market, which is struggling this morning with most indices slightly lower.
The market could remain subdued till tomorrow when the ECB will announce its decision on interest rates and investors will also know the numbers for the German factory orders for May.
American markets are closed to celebrate the 4 of July. So it will be a day where investors cannot look to the USA for a lead.