A typical summer's day in European trading so far ...Middle East

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In the equities space, we're seeing European stocks at least hold slightly higher on the day. The positive murmurs surrounding Russia-Ukraine tensions are helping at least, though it remains to be seen if there will be any major breakthrough. As for US futures, the mood remains rather muted with S&P 500 futures down 0.1%.

It's all about waiting for bigger developments this week. Tomorrow, we'll get the RBNZ policy decision, UK CPI report, and Fed minutes. On Thursday, we'll have a slew of PMI data as well as the US weekly initial jobless claims. In between all that, we also will get key earnings from Target and Walmart. And to round things off at the end of the week, there's Fed chair Powell's appearance in Jackson Hole.

This article was written by Justin Low at investinglive.com.

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