Europe takes focus next week as traders await ECB decision

Investors are watching the ECB’s Thursday rate decision and Christine Lagarde’s press conference, alongside U.S. leading indicators, ADP private payrolls and earnings from Alphabet, Tesla, AT&T, IBM, Texas Instruments and Intel.

Summary

Europe is set to remain the main market focus next week, with the European Central Bank’s Thursday rate decision and Christine Lagarde’s press conference likely to guide sentiment. The calendar also includes the U.S. June Conference Board Leading Economic Index on Monday and ADP private payrolls on Tuesday, while earnings season accelerates with results from Alphabet, Tesla, AT&T, IBM, Texas Instruments and Intel. One source said no major U.S. data releases are currently scheduled that are expected to materially affect the Federal Reserve’s next rate-setting meeting.

Terms & Concepts
  • ECB: European Central Bank, which sets monetary policy for the euro zone.
  • ADP private payrolls: A U.S. private-sector employment measure that investors watch for clues on hiring momentum.
  • Conference Board Leading Economic Index: A composite indicator designed to signal the likely direction of the U.S. economy in coming months.