Data from the US disappoints as the spotlight returns to Greece

The Dollar weakened across the board after making gains the previous week. Data from the US remains erratic whilst rhetoric from Fed officials was mixed. Meanwhile, the market remains cautious over a “Grexit” as the situation nears a tipping point with some big coupon due to be paid. ECB President Mario Draghi said he did not want to contemplate a Greek default.

Today

• UK Rightmove house price index = 1.6%
• German Producer Price  (MoM) = 0.1% vs 0.2%

Tuesday

• German ZEW
• Eurozone ZEW

Wednesday

• BoE Minutes
• US Existing Home Sales

Thursday

• China’s HSBC Manufacturing
• French/German and Eurozone Manufacturing
• French/German and Eurozone Services
• UK Retail Sales
• UK Public Borrowing
• US Manufacturing
• US New Home Sales

Friday

• Eurogroup Meeting
• German IFO
• US Durable Goods