2350GMT(yesterday) Japan current account for May.

0600GMT Germany foreign trade balance, current account and capital account for May and final CPI, HICP for June and unadjusted and adjusted retail sales for May.

n/a Germany VDA car production for June.

1730GMT Rep. Richard Baker holds a subcommittee hearing on his bill to tighten oversight over government sponsored enterprises such as Fannie Mae and Freddie Mac.

2040GMT President Bush will meet with Hong Kong Special Administrative Region Chief Executive Tung Chee-Hwa at the White House.

2300GMT Federal Reserve Gov. Edward Gramlich delivers a speech on the U.S. productivity growth spurt to the Rochester Institute of Technology Board of Trustees in Washington. This is a repeat of a speech he gave earlier this year in London and Orlando.