G20 meets Saturday and Sunday in Toronto

The News:

A parcel bomb explodes in Greek security ministry killing minister’s aide in next door office.

The Numbers:

British Summer Time, with expectations and previous figures in brackets.

00:01 GB Bank of England Financial Stability Report: Mark-to-market global loses on bank assets $7.8 trillion so far and UK banks remain vulnerable to further write downs if sovereign risk rises.

00:30 JP June Tokyo CPI –0.9% Y/Y, Ex-Fresh Food –1.3%, versus –1.4% and revised –1.5% May.

00:30 JP May National CPI –1.1% Y/Y, Ex-Fresh Food –1.3%, versus –1.2% and –1.5% April.

07:00 DE May Import Price Index +0.6% M/M, +8.5% Y/Y, versus +2.0% and +7.9% April.

13:30 US final Q1 GDP (+3.0% Q/Q, Core PCE +0.6%, Price Index +1.0% versus +3.0%, +0.6% and +1.0%).

14:55 US June University of Michigan Confidence Survey (73.0 to 76.5 versus 75.5).

The Psychology:

Midsummer holidays in some Baltic states again today as the G8 summit starts in Canada.

The Risk:

G20 meets Saturday and Sunday in Toronto, Canada amid very tight security.