Germany plans to sell bubills
2012-06-25 11:04:08
Germany plans to enter the debt market with a short-term bill auction at the start of the week.
At 3.00 am ET, the Czech Statistical Office is slated to release business and consumer sentiment survey results for June. The composite confidence indicator fell to 85.3 in May from 86.6 a month ago.
In the meantime, Spain's producer price data for May is due. Producer price inflation slowed to 3.1 percent in April from 4.5 percent in March.
Also, Hungary's retail sales figures are due from the statistical office. Economists forecast sales to fall 0.3 percent annually in April, following an increase of 0.9 percent in March.
Half an hour later, Statistics Netherlands is scheduled to issue producer confidence for June. The producers' confidence indicator fell to -5 in May from April's -3.3.
Germany's 12-month Bubill auction results are due at 5.30 am ET. The government aims to raise a maximum of EUR 3 billion from the issue of securities that will mature on June 26, 2013.