Daily

In today's Eyeopener:

- Today preliminary July PMIs for Germany and the euro area
- Growth rate in new industrial orders normalized to 11.7% y/y in June
- The ECB left interest rates unchanged, in line with expectations
- Brent crude oil rose above $100 per barrel
- The zloty weakened, markets priced in a greater scale of interest rate hikes in Poland

In today's Eyeopener:

- Today GUS Statistical Bulletin and ECB decision abroad
- Retail sales rose 6.2% y/y in June, beating expectations; M3 money supply growth accelerated to 11.8% y/y
- EURPLN unchanged, bond yields moved higher

In today's Eyeopener:

- Today GUS releases retail sales for June, NBP shows M3 supply data
- Seasonally adjusted GG deficit shrank to 5.9% GDP in 1Q
- Marginal decline in EURPLN, Polish bond yields and money market rates higher

In today's Eyeopener:

- Today Hungarian central bank decision, July reading of Germany’s ZEW index
- June data from the Polish economy were solid and broadly in line with expectations
- NBP Quick Monitoring Survey: companies saw improved profitability in 2Q, expectations deteriorated slightly
- Slight strengthening of the zloty, modest weakness in the bond market

In today's Eyeopener:

- Today we will see June labour market and output data
- Masłowska: a majority for a rate cut before the middle of 2027 might be found in the MPC
- Złoty and domestic bonds weaker, escalation of the conflict in the Middle East over the weekend