Today's Comment

Interesting day ahead. At 10:30 am the minutes from the monetary-policy meeting of the Bank of England (BoE) as well as unemployment data will be released. Focus will be on the votes at the latest monetary-policy meeting (expectations are 2:7 against 1:8 at the previous meeting).

Markets:

Today’s dominant event is the FOMC meeting. Given the weakness in recent key economic data in the US we expect the Fed to provide additional policy easing.

EUR

ZEW report 'clearly shows a general sense of panic amongst investors' - Annalisa Piazza, a fixed-income strategist at Newedge Strategy

Builders in the U.S. broke ground on fewer homes than forecast in May as a slump in the construction of apartments swamped a pickup in single-family houses.