Friday brings the latest Euro Zone inflation figures, and they are definitely worth a closer look. But the schedule actually starts with German Retail Sales for May, which are out at 6 AM. Sales slipped in April, reversing a point 2% gain the previous month. Swiss KOF Economic Barometer for June follows an hour later. The index plunged by 4.7 points in May, but it still remains above its long-term average. The closely watched German Labour Report for June comes at five minutes to 8. The unemployment rate inched even lower in May, even though it already stood at a decades-low level. The final reading of UK first quarter GDP will be available at 8:30. The preliminary estimate puts the quarterly growth at just point 2%, which is the lowest level in 4 years. UK Index of Services for April is out at the same time. The previous report covered the first quarter and also noted a significant slowdown. So the closely watched preliminary Euro Zone June CPI will be released at 9, and this release is even more relevant as ECB President Mario Draghi has recently taken a more hawkish stand; still, the annual CPI is actually expected to weaken, which would not support his case. Coming up next at 12:30 PM GMT is the US Personal Income and Spending for May. Both income and spending picked up speed in April. Canadian April GDP is out at this time as well, and it is a high importance release for Loonie Dollar traders. GDP actually grew much more than expected in March as gains were recorded across the board, and that has lead to speculations about a possible rate hike. Chicago PMI for June follows at 1:45. The Index rose to a 2-year high in May, although the initial report mistakenly noted a decline. And the final version of University of Michigan Consumer Confidence for June comes at 2. The initial estimate puts the Index at a 7-month low, and this reading could be confirmed. I’m Jack Everitt and this was the Economic Calendar for Friday, the 30th of June. Our next Calendar will cover the most important news releases for Monday, so check back.
Friday brings the latest Euro Zone inflation figures, and they are definitely worth a closer look.
But the schedule actually starts with German Retail Sales for May, which are out at 6 AM. Sales slipped in April, reversing a point 2% gain the previous month.
Swiss KOF Economic Barometer for June follows an hour later. The index plunged by 4.7 points in May, but it still remains above its long-term average.
The closely watched German Labour Report for June comes at five minutes to 8. The unemployment rate inched even lower in May, even though it already stood at a decades-low level.
The final reading of UK first quarter GDP will be available at 8:30. The preliminary estimate puts the quarterly growth at just point 2%, which is the lowest level in 4 years.
UK Index of Services for April is out at the same time. The previous report covered the first quarter and also noted a significant slowdown.
So the closely watched preliminary Euro Zone June CPI will be released at 9, and this release is even more relevant as ECB President Mario Draghi has recently taken a more hawkish stand; still, the annual CPI is actually expected to weaken, which would not support his case.
Coming up next at 12:30 PM GMT is the US Personal Income and Spending for May. Both income and spending picked up speed in April.
Canadian April GDP is out at this time as well, and it is a high importance release for Loonie Dollar traders. GDP actually grew much more than expected in March as gains were recorded across the board, and that has lead to speculations about a possible rate hike.
Chicago PMI for June follows at 1:45. The Index rose to a 2-year high in May, although the initial report mistakenly noted a decline.
And the final version of University of Michigan Consumer Confidence for June comes at 2. The initial estimate puts the Index at a 7-month low, and this reading could be confirmed.
I’m Jack Everitt and this was the Economic Calendar for Friday, the 30th of June. Our next Calendar will cover the most important news releases for Monday, so check back.
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