- European indices prepare for a greater opening
- Data from the University of Michigan for June
- Speeches by members of the ECB and the Federal Reserve
- Final May CPI reports from France and Poland
European index futures point to a higher opening of the cash session in the Old Continent today. This comes despite mixed trading on Wall Street yesterday and in the Asia-Pacific region today. The Japanese yen is the biggest laggard among major currencies after the Bank of Japan left rates unchanged and unexpectedly decided to keep bond purchases unchanged.
The economic calendar for the coming day is very light. Traders will be offered final May CPI inflation data from France and Poland, as well as the second-tier Canadian wholesale sales report for April. Some additional volatility is possible following the release of data from the University of Michigan and speeches by members of the ECB and the Federal Reserve.
8:45 am – France, final CPI inflation for May. First launch: 2.2% year-on-year
10:00 am – Poland, final CPI inflation for May. First launch: 2.5% year-on-year
14:30 pm – Canada, April wholesale sales. Expected: 2.5% month-on-month. Previous: -1.1% month-on-month
16:00 pm – Data from the University of Michigan for June.
- Consumer sentiment. Expected: 72.0. Previous: 69.1
- Expectations. Expected: 72.0. Previous: 68.8
- Actual conditions. Expected: 72.2. Previous: 69.6
- Inflation expectations for 1 year. 3.2% is expected. Previous: 3.3%
- Inflation expectations for 5 years. Expected: 3.0%. Previous: 3.0%
ECB and Fed speeches
- 8:35 am – BCE Vasle
1:30 pm – Mester, Fed
2:30 p.m. – BCE Schnabel
14:35 – ECB Kazaks
6:15 pm – Mester, Fed
6:30 p.m. – President of the ECB, Lagarde
7:00 pm – Fed Goolsbee
“This report is provided for general information and educational purposes only. Any opinion, analysis, price or other content does not constitute investment advice or recommendation under Belize law. Past performance is not necessarily indicative of results future information, and any person acting on this information does so at his or her own risk. information. Contracts for differences (“CFDs”) are leveraged products and carry a high level of risk.
