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According to analysts at Danske Bank, it will be interesting to see whether  German ZEW  expectations show some signs of stabilisation in August, in line with other sentiment indicators such as Ifo and PMI lately.

Key Quotes

“The final July  HICP  figures for  Germany, France and Spain  are also on the agenda and will give insights into any possible revisions to Friday s final euro area print.”

“The  UK labour market report  for June is also due out. We estimate the unemployment rate (3M average) fell from 4.2% to 4.1%, while average weekly earnings have risen in quite a stable manner at 0.2% m/m in recent months and we believe the trend continued in June. This would leave the annual growth rate (3M average) unchanged at 2.7% y/y.”