Highlights
German retail sales are expected to come in unchanged on the month in May after rising 0.8 percent in April.
The Unemployment rate in Germany is forecast to hold steady at 5.6 percent for June.
The Eurozone's inflation is easing but remains high. The harmonised index of consumer prices (HICP) is expected to show the year-over-year increase slowed to 5.7 percent in June from 6.1 percent in May while the annual rate of the narrow core measure is forecast to tick up to 5.4 percent from 5.3 percent the previous month.
The region's unemployment rate is seen unchanged at 6.5 percent for May.
In the US, personal income is expected to rise 0.4 percent in May with consumption expenditures expected to increase 0.2 percent. These would compare with April's 0.4 percent gain for income and 0.8 percent jump for consumption.
Inflation readings for May are expected at monthly increases of 0.1 percent overall and 0.4 percent for the core (versus April's respective increases of 0.4 percent for both) for annual rates of 3.8 and 4.7 percent (versus April's 4.4 and 4.7 percent).
The Chicago PMI is expected to improve in June to 44.2 versus 40.4 in May, which was the ninth straight month of sub-50 contraction.
The University of Michigan's consumer sentiment index is expected to end June at 63.9, unchanged from June's mid-month flash and up nearly 4 points from May.
Canada's monthly GDP data is forecast to post a 0.2 percent rise on the month after being flat in March, indicating a solid start to the second quarter. GDP grew an annualized 3.1 percent in the January-March period on relatively mild winter and resilient consumer spending, rebounding from a 0.1 percent contraction in the final quarter of 2022.
The Unemployment rate in Germany is forecast to hold steady at 5.6 percent for June.
The Eurozone's inflation is easing but remains high. The harmonised index of consumer prices (HICP) is expected to show the year-over-year increase slowed to 5.7 percent in June from 6.1 percent in May while the annual rate of the narrow core measure is forecast to tick up to 5.4 percent from 5.3 percent the previous month.
The region's unemployment rate is seen unchanged at 6.5 percent for May.
In the US, personal income is expected to rise 0.4 percent in May with consumption expenditures expected to increase 0.2 percent. These would compare with April's 0.4 percent gain for income and 0.8 percent jump for consumption.
Inflation readings for May are expected at monthly increases of 0.1 percent overall and 0.4 percent for the core (versus April's respective increases of 0.4 percent for both) for annual rates of 3.8 and 4.7 percent (versus April's 4.4 and 4.7 percent).
The Chicago PMI is expected to improve in June to 44.2 versus 40.4 in May, which was the ninth straight month of sub-50 contraction.
The University of Michigan's consumer sentiment index is expected to end June at 63.9, unchanged from June's mid-month flash and up nearly 4 points from May.
Canada's monthly GDP data is forecast to post a 0.2 percent rise on the month after being flat in March, indicating a solid start to the second quarter. GDP grew an annualized 3.1 percent in the January-March period on relatively mild winter and resilient consumer spending, rebounding from a 0.1 percent contraction in the final quarter of 2022.
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.
