Europe’s retail sector is in focus today via the May report on consumer spending. Later, US factory orders are the main macro event as markets reopen in America after Monday’s holiday for Independence Day. A key market event for the first day of US trading will be how the 10-year Treasury yield moves after touching an all-time low last week. Eurozone: Retail Sales (0900 GMT) Survey data suggests that the decelerating trend for retail spending in Europe will see some relief in today’s update on the hard numbers for May. Last month, Markit reported that its Eurozone Retail PMI rebounded to 50.6, the first rise above ... (full story)