Madrid, June 9 (EFECOM).- The meeting on Wednesday of the Federal Reserve on monetary policy in the US, which is expected to maintain interest rates after their lowering this week by the Bank European Central Bank (ECB), in addition to inflation data in several European countries, the US, and China, mark the stock market agenda for next week.
The week will begin with the publication of the Sentix index, which measures the level of investor confidence in the economic activity of the euro zone in June, in addition to Italian industrial production in April, and a French debt auction will be held at 3,6 and 12 months.
On Tuesday the 11th, the highlight at a macroeconomic level will be the employment data in the United Kingdom for April, while in Spain an auction of three-month Spanish bills will be held.
The highlight on Wednesday the 12th will be Germany’s inflation for the month of May, in a context in which its preliminary data showed a rise in the interannual rate of change of the general CPI of 0.2 points over its April level, up to a 2.4%, as highlighted by Singular Bank.
At the same time, data from the United Kingdom on the evolution of the GDP and industrial production of this country in April will be key, to which will be added the debt auctions of Italy, at 12 months, and Germany, at 10 years. In this last country, the current account balance for April will also be known.
On Thursday the 13th, the final reading of Spain’s CPI for May will be published, after the leading indicator shows a new increase in the general inflation rate to 3.6% year-on-year.
That same day, industrial production in April for the eurozone will also be known, an auction of Italian debt at 3, 15 and 30 years linked to inflation will be held, and the Thomson Reuters PCSI primary consumer confidence index will be published. June Ipsos in the United Kingdom, Italy, Germany, France and Spain.
One day later, on Friday the 14th, the inflation data for France and Portugal for May, the trade balance of the eurozone and Italy, and the wholesale price index in Germany will stand out.
But without a doubt, all investors’ eyes will be focused next week on the meeting of the US Federal Reserve (Fed), on Wednesday the 12th, in which interest rates are expected to be maintained, despite that this week the European Central Bank (ECB) has decided to lower them by 25 basis points and it is unknown what will happen in future meetings.
Before the most anticipated key of the week, The Conference Board’s employment trends index for May will be published in the US on Monday, and a 3, 6 month and 3 year debt auction will be held.
On Tuesday the 11th there will also be a public debt auction in the US, at 52 weeks and 10 years, in addition to the publication of the Redbook index of retail sales and the weekly oil reserves of the American Petroleum Institute (API).
Before the Fed’s decision on interest rates is known, on Wednesday in the US, the US CPI, the MBA purchase index, the mortgage market index, imports of crude oil, consumer inflation expectations, and the Thomson Reuters and IPSOS PCSI for June.
On Thursday the data will arrive in this country on the producer price index (PPI) for May, unemployment applications, and an auction of 4-week debt and 8-week bonds will be held, in addition to the reserve balances in the Federal Reserve banks.
The US will close its agenda on Friday with the publication of the University of Michigan’s inflation expectations and consumer confidence, the Fed’s monetary policy report, Baker’s count of active fields in the US Hug.
In the Asia-Pacific region, the highlight will be the Bank of Japan’s (BoJ) interest rate decision, which will be announced on Friday.
The week begins with the Dragon Boat festival in China, while in Japan the GDP for the first quarter of the year will be published, and the seasonally adjusted current account balance for April.
On Wednesday, China’s CPI and Japan’s May corporate goods index will be published, with foreign investment in Japanese stocks announced a day later.
That same day, the evolution of outstanding loans will also be published in China. EFECOM
mlm/prb
(photo) (video)
