Morgan Stanley Research previews the US initial jobless claims and the UK monthly GDP print due on Thursday.

"UK Monthly GDP: We expect a small drop in activity in June (-0.1%M), and 0.3%Q growth in 2Q26. Peru BCRP Monetary Policy Meeting: We expect BCRP to keep rates constant at 4.25% while remaining vigilant as supply shocks unwind," MS notes.

"US Jobless Claims: We forecast a rebound in new jobless claims to 210k but little change in continuing claims," MS adds.