Market movers for the day – Danske Bank

Research Team at Danske Bank, lists down the market movers of the day.

Key Quotes

“Today, the UK conservative members of parliament will continue voting on a new party leader to succeed David Cameron.

The European Central Bank is set to release its account of the June monetary policy meeting today.

We look for German industrial production to have declined 1.0% m/m in May, which is below consensus of unchanged industrial activity.

The oil market will look to confirm the report from the American Petroleum Institute yesterday, which was said to show that US crude inventories fell last week, when the US Energy Information Agency publishes weekly inventory figures and production estimates.

We expect industrial production in Norway to climb 0.3% m/m in May, which would mean a first q/q increase since the end of 2014.”