Greek crisis in focus
The Confederation of British Industry’s trends expectations survey on order growth and selling prices, scheduled today, is anticipated to show a pickup in activity in the manufacturing sector. In a relatively quiet week by way of domestic data, a report on loan approvals for home purchases scheduled tomorrow will attract some market attention.
Meanwhile, Euro zone ministers have asked for another round of talks on hopes of finalizing a Greek bailout deal this week. In addition, a flurry of flash PMI readings showed that economic activity in the Euro zone and its two largest economies accelerated in June. Across the Atlantic, reports on new home sales, durable goods orders and the first print of this month’s manufacturing PMI is up for release later today.