• The last few months have seen some signs of the fallout from the Greek crisis feeding into lower euro area sentiment.
  
  
• Today's preliminary PMIs for June are expected to maintain this trend with both the manufacturing and services measures softening a little on the month, by 0.2 and 0.1 points respectively. However, the corresponding 52.0 and 53.7 readings remain consistent with a continuation of Q2 growth at a similar pace to the 0.4% recorded in Q1.  
  
  
• With last week's FOMC meeting reiterating that the Committee's position on the timing of a rise in the policy rate remains 'data dependent', this afternoon's durable goods orders for May will be of interest. Headline orders are expected to decline for the second consecutive month on the back of a fall in transportation orders ahead of the mid-June Paris air show. However, the less volatile ex-transportation figure is anticipated to rise by 0.8% on the month, which would be the strongest pace since last August. 
  
  
• Yesterday's release of US existing home sales data for May showed a stronger-than-expected jump to the highest print since November 2009. Lloyds Bank expects another solid rise in today's corresponding figure for the transactions of new homes.  
  
  
• On a fairly quiet day domestically, the CBI industrial trends survey for June is expected to signal a rise in Q2 GDP growth from the 0.3% quarterly figure recorded in Q1, notes Lloyds Bank.