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3 Numbers: Eurozone industrial output on track to fall in June
Eurozone industrial production in June is the main event for scheduled economic data today. Meanwhile, keep your eye on Brent oil, which traded in a tight range last week amid bullish news of a narrowing gap between supply and demand. Another key market to watch: the benchmark 10-year US Treasury yield, which fell to a two-month low on Friday. Eurozone: Industrial Production (0900 GMT) Firmer economic growth in the euro area has been lifting key indicators this year, including the monthly numbers for industrial production. But today’s update for June is expected to show the first round of weakness in four months. ... (full story)