Monday: May Factory Orders data will be reported in Germany, following in impressive 1.4% monthly increase recorded in April. June’s Consumer Price Index release in Russia, where annual inflation currently stands at close to 16%.

Tuesday: May Industrial Production data will be released in Germany and the U.K. In the U.S., May’s Trade Balance data will be reported, with analysts expecting the deficit to increase towards USD 43 bln.

Wednesday: Balance of Payments for May will be released in Japan. In the U.S., it’s time for the weekly MBA Mortgage Applications, which suffered a 4.7% decline last week.

Thursday: May Machine Orders data release. In China, June’s Consumer and Producer Price Indices reports. The Bank of England is scheduled to make a rate announcement, and in the U.S., the weekly Initial Jobless Claims print will be published.

Friday: June’s Producer Price Index data will be released in Japan. Industrial Production figures for May will be posted in France and Italy. The U.S. will host the release of May’s WholesaleInventories. Fed Governor Yellen is also scheduled to speak on the U.S Economic Outlook in Cleveland.