ECB Rate Decision and Global Data Shape Markets This Week

The European Central Bank is expected to keep its main refinancing rate at 2.40% and its deposit facility rate at 2.25% on Thursday, with investors watching German producer‑price inflation and ZEW survey releases for additional signals.

In the United Kingdom, the Consumer Price Index and Labour Force Survey are due on Wednesday, offering insight into underlying price pressures. In the United States, initial jobless claims are forecast to rise slightly to 212,000 and new‑home sales are projected to increase 2.9% in June to about 597,000 units, although mortgage rates remain high at roughly 6.5%. The U.S. Dollar Index is trading near 100.80.

Canada’s CPI is expected to ease modestly, while Australia’s labour market data and Japan’s inflation figures are also on the agenda. Emerging‑market Mexico will report its economic activity data on Thursday.

These releases will guide market participants in assessing inflation trends and central‑bank policy across the major economies, influencing currency and equity movements worldwide.