There are no central bank speakers scheduled in the US today

- There are no economic releases scheduled in the US today, and the outlook for the rest of the week is relatively light. In focus on Tuesday will be the release of May housing starts and building permits. There are no economic numbers scheduled for release on Wednesday. Thursday's focus will fall upon the release of May leading indicators, initial jobless claims, and the June Philadelphia Fed index. There are no economic numbers scheduled for release on Friday.

- There are no central bank speakers scheduled in the US today. In new supply this week the Treasury will be out with funding announcements for 2-year and 5-year notes on Thursday.

- In European economic news overnight Swiss industrial production, the only European economic release today, declined by more than expected during the first-quarter to -4.7% from an upwardly revised 8.5% during the fourth-quarter. The y/y reading declined by more than expected to 7.3% during the first-quarter, from an upwardly revised 9.6% in the fourth-quarter. The decline in industrial production was led by a drop in power generation, as well as precision engineering. Late on Sunday Rightmove house prices were released in the UK for the month of June. House prices rose by 0.8% m/m, and buy 13.2% y/y, above May's reading of 0.4% and 13.1% respectively. The SNB's Roth said overnight that China could let the Yuan appreciate more rapidly. Roth said that the weak Franc could boost import prices rapidly, and also noted that the SNB is on alert regarding Franc weakness.

- In Asian economic news overnight the Royal Bank of New Zealand reportedly attempted to intervene on the NZD for the second time. Bank of Japan governor Toshiihiko Fukui said that there is no gap in economic views between the Band of Japan and the government. The Nikkei 225 closed up 0.99% overnight, while the Hang Seng closed up 2.69%, and, over in Australia, the ASX 200 closed up 0.79%.