Daily US Equity Opening News - Foxconn Q2 sales rise; BABA wins reprieve from lobbying restrictions; UBER pauses European food delivery expansion; TSLA launches robotaxis in Miami; STUB faces Texas probe; HON spin-off in talks on USD 27bln merger
Newsquawk ·
DAY AHEAD: DATA: In Europe, Eurozone PPI is expected to rise 0.2% M/M (prev. 0.6%), and the annual rate is seen rising to 5.7% Y/Y from 4.9%. Eurozone retail sales are seen declining by -0.6% M/M in May (prev. -0.4%), with the annual rate seen cooling exp. 0.8% Y/Y (prev. 1.0%). In North America, the headline ISM Services PMI for June is expected to pare to 54.0 from 54.5), prices paid at 69.0 (prev. 71.3), new orders at 57.0 (prev. 57.3). CENTRAL BANKS: Fed’s Waller will take part on a policy panel. ECB’s Lane gives a dinner speech (text release expected), ECB’s Schnabel participates on a policy panel, ECB’s President Lagarde will participate in a conversation (no text expected). BoE’s Mann will speak on the future of UK economic data. Bank of Israel interest rate decision is likely to cut rates 25bps to 3.50%; BoC’s Business Outlook Survey for July published. WEEK AHEAD: This week’s economic data release highlights include: FOMC minutes, ECB minutes, Chinese inflation figures, and an
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