• The ECB has signaled that it will cut interest rates from historic highs next week. Its chief economist, Philip Lane, reported this in an interview with the Financial Times. Investors expect the ECB to cut its benchmark deposit rate by a quarter of a percentage point from a record high of 4% at its June 6 meeting. This was preceded by a fall in eurozone inflation close to the bank's 2% target.
• The main focus of traders this week will be on inflation statistics in the US, Europe and Japan, which will be released on Friday.
• Traders suspect Japan sold about $60 billion to protect the...
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