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Analysts at TDS suggest that Germany’s IFO survey and US  New home sales are going to be the key economic release for today’s session.

Key Quotes

“We see downside risks to Germany’s IFO survey for June, with the headline index slipping from 102.2 to 101.4 (mkt 101.8), and more downside coming from expectations than the current assessment.”

“US:  New home sales for April are the lone data release and the market looks for a muted 0.5% m/m increase to a 665k pace. We will also hear from the Fed’s Bostic and Kaplan who speak at 13:15 and 13:45, respectively.”