Today, the macroeconomic calendar has no significant events planned that could impact global financial markets. However, in the coming days, we will see several important releases, including the Fed's interest rate decision.
The Fed meeting may be particularly interesting, as last week both the Bank of Canada and the ECB started their first cuts of interest rate. Investors' attention will be focused on Jerome Powell's speech and any hints about rate cuts in the second half of this year. On Wednesday, before the decision is announced, we will also get the CPI data from the US for May. Expectations indicate a reading at the same level as last month, which is 3.4% year-on-year.
Detailed calendar for the week:
10 June: Monday
- 09:30 AM BST - Eurozone, Sentix index
- 10:00 AM BST - Germany, speech by Budnesbank CEO Nagel
11 June: Tuesday
- 07:00 AM BST - United Kingdom, labour market data
- 09:40 PM BST - USA, change in crude oil inventories according to API
12 June: Wednesday
- 03:00 AM BST - China, CPI / PPI inflation for May
- 07:00 AM BST - United Kingdom, industrial production and GDP
- 07:00 AM BST - Germany, CPI / HICP inflation for May
- 01:30 PM BST - USA, CPI inflation
- 03:30 PM BST - USA, DoE oil inventories
- 07:00 / 07:30 PM BST - USA, Fed decision / Powell conference
- 08:30 PM BST - Canada, BoC governor Macklem's speech
13 June: Thursday
- 02:30 AM BST - Australia, employment change
- 08:00 AM BST - Spain, CPI inflation for May
- 01:30 PM BST - USA, PPI inflation / benefit claims
- 03:30 PM BST - USA, gas inventories according to EIA
- 05:00 PM BST - USA, Williams speech from the Fed
14 June: Friday
- 09:00 AM BST - Poland, CPI inflation for May
- 02:00 PM BST - Canada, production sold and wholesaler sales
- 03:00 PM BST - USA, Michigan sentiment and inflation expectations
- 06:30 PM BST - Eurozone, Lagarde speech
- 07:00 PM BST - US, Fed's Goolsbe speech