According to analysts at Danske Bank, market focus remains on the probability of forthcoming central bank easing.

“Today, our eyes will primarily be on Sweden and the Riksbank minutes. As the decision to leave the repo rate path was unanimous, it will be interesting to see how the board has interpreted and processed recent dovish signals from ECB and Fed. In the euro area, we get a further piece of the puzzle on where GDP growth will arrive in Q2 with the industrial production data for May . The April figures pointed to a weak start for the industrial sector into Q2 and country figures already released paint a mixed picture for May. We still think that the industrial sector will likely have returned as an outright drag on growth in Q2.”