Highlights
In the UK labour market report, the ILO unemployment rate for the three months to April is expected to rise to 4.0 percent from 3.9 percent in the prior report. Average earnings growth for the three months to April is seen climbing to 6.0 percent from 5.8 percent.
The ZEW monthly survey of financial experts in Germany is likely to show a further dip in sentiment. The index for the current conditions is expected to fall in June to minus 40.0 from minus 34.8 in May and minus 32.5 in April. The economic sentiment (expectations) index is also seen falling to minus 14.0 from minus 10.7 in May, its lowest level in five months, and plus 4.1 in April.
The Federal Open Market Committee begins its two-day policy meeting on Tuesday.
Among US data, the small business optimism index compiled by the National Federation of Independent Business (NFIB) is forecast to slip further to 88.4 in May after dropping 1.1 points to a 10-year low of 89.0 in April. The index has been below the historical average of 98 for 16 months in a row.
Inflationary pressures in the US appear to be easing. The year-over-year increase in the core consumer price index, which excludes volatile food and energy prices, is expected to slow to 5.3 percent in May from 5.5 percent in April while the month-over-month rate of increase is seen unchanged at an elevated 0.4 percent. The annual rate in the total CPI is seen decelerating substantially to 4.1 percent from 4.9 percent, with its monthly rise slowing to 0.2 percent from 0.4 percent.
The ZEW monthly survey of financial experts in Germany is likely to show a further dip in sentiment. The index for the current conditions is expected to fall in June to minus 40.0 from minus 34.8 in May and minus 32.5 in April. The economic sentiment (expectations) index is also seen falling to minus 14.0 from minus 10.7 in May, its lowest level in five months, and plus 4.1 in April.
The Federal Open Market Committee begins its two-day policy meeting on Tuesday.
Among US data, the small business optimism index compiled by the National Federation of Independent Business (NFIB) is forecast to slip further to 88.4 in May after dropping 1.1 points to a 10-year low of 89.0 in April. The index has been below the historical average of 98 for 16 months in a row.
Inflationary pressures in the US appear to be easing. The year-over-year increase in the core consumer price index, which excludes volatile food and energy prices, is expected to slow to 5.3 percent in May from 5.5 percent in April while the month-over-month rate of increase is seen unchanged at an elevated 0.4 percent. The annual rate in the total CPI is seen decelerating substantially to 4.1 percent from 4.9 percent, with its monthly rise slowing to 0.2 percent from 0.4 percent.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
