Cross-Discipline Thematic Research: Next week...this week

Research evidence excerpt

Cross-Discipline Thematic Research: Next week...this week

Deutsche Bank

Research

Cross-Discipline Date

Thematic Research 3 July 2026

Next week...this week

Galina Pozdnyakova

Investors will be reminded of recent central bank meetings with the FOMC Research Analyst

minutes and the ECB’s account of the June meeting out next week. Economic +44-20-754-74994

indicators will include inflation in China and activity data in Germany. Finally, the

NATO leaders’ summit takes place on Tuesday and Wednesday. Jim Reid

Global Head of Macro and Thematic

Starting with the US, key releases next week will include the FOMC minutes from Research

+44-20-754-72943

the June meeting, the first under new Chair Kevin Warsh. Economic indicators

will feature the June ISM services index on Monday, following this week’s miss Luke Templeman, CPA

for the manufacturing print. Our US economists expect the services gauge to Research Analyst

come in at 55.0 vs 54.5 and have published their week-ahead note here. +44-20-754-10130

Moving on to Europe, highlights include the ECB’s account of its June meeting

(Thursday), the BoE’s financial stability report (Tuesday) as well as May activity

indicators in Germany including factory orders (Monday), industrial production

(Tuesday) and the trade balance (Thursday). There will also be inflation prints due

from Sweden on Wednesday and Denmark and Norway on Friday.

Investors will also pay attention to French politics as an appeals court will rule on

Marine Le Pen’s eligibility to run for President on July 7. Our European

economists discuss the implications in their report examining the RN's electoral

prospects and internal dynamics here.

Over in Asia, the focus in China will be on June inflation, with CPI and PPI due

Thursday.