Yahoo Finance Business Lookahead: Euro cup kicks off
STORY: From a slew of central bank meetings, to the Euro Cup descending upon Germany, these are the stories to watch in business and finance in the coming week.
:: Look Ahead
:: Will Britain, Switzerland and Norway see rate cuts?
Britain, Switzerland and Norway hold central bank meetings on Thursday.
The Bank of England will likely dash any hopes the ruling Conservative party had of a pre-July 4 election rate cut.
Markets now expect easing later rather than sooner.
There’s a 50-50 chance the Swiss National Bank will cut again.
Norway on the other hand, is in no rush.
:: U.S. sales report
U.S. monthly retail sales numbers are out Tuesday.
They're expected to have risen 0.3% in May, according to a Reuters poll, after they were unexpectedly flat in April.
Investors will be watching consumer spending to gauge the impact of higher interest rates on the economy, now that rate cuts aren't expected before September.
:: China’s troubled property sector
Data on China’s home prices is due on Monday.
It’s the first such release since Beijing announced (quote) “historic” steps to stabilize the property market - though to limited effect so far.
May industrial output, urban unemployment rate and retail sales data are due too.
:: Euro 2024 kicks off
Fans have descended upon Munich for the European Football Championship.
German beer halls and companies hope they will drink more and buy big TVs.
Berlin wants the tournament to give its lumbering economy the same kind of lift the sizzling 2006 World Cup did.
