Highlights
The UK's ILO unemployment rate for the three months to May is expected to hold steady at 4.3 percent versus 4.3 percent in the three months to April. The claimant count is expected up 10,000 for May versus a gain of 8,900 in April.
The US small business optimism index compiled by the National Federation of Independent Business (NFIB) has been below the historical average of 98 since January 2022 and below 90 the last four reports. May's consensus is for no change from 89.7 in April.
Producer inflation in Japan is expected to surge to 2.1 percent in May from 0.9 percent in April as the government jacked up the renewable energy charge that users pay for greener electricity purchased by utilities, transport and labor costs are rising and the weak yen is adding to import costs. The year-over-year declines in lumber and steel prices have eased and food markups have peaked. On the month, the corporate goods price index (CGPI) is forecast to rise 0.5 percent following a 0.3 percent gain, which was led by higher copper prices amid global supply fears, fuels, iron and steel and farm produce.
In China, the annual consumer inflation rate is forecast to accelerate further to 0.4 percent in May after rising to 0.3 percent in April from 0.1 percent in March. That would be a fourth straight year-over-year increase amid a gradual pickup in domestic demand. The CPI last peaked at 2.1 percent in January 2023. Chinese producer prices are expected to post a 20th straight year-over-year decline but the pace of decrease is seen decelerating further to 1.5 percent in May after slowing to 2.5 percent in April from 2.8 percent in March.
The US small business optimism index compiled by the National Federation of Independent Business (NFIB) has been below the historical average of 98 since January 2022 and below 90 the last four reports. May's consensus is for no change from 89.7 in April.
Producer inflation in Japan is expected to surge to 2.1 percent in May from 0.9 percent in April as the government jacked up the renewable energy charge that users pay for greener electricity purchased by utilities, transport and labor costs are rising and the weak yen is adding to import costs. The year-over-year declines in lumber and steel prices have eased and food markups have peaked. On the month, the corporate goods price index (CGPI) is forecast to rise 0.5 percent following a 0.3 percent gain, which was led by higher copper prices amid global supply fears, fuels, iron and steel and farm produce.
In China, the annual consumer inflation rate is forecast to accelerate further to 0.4 percent in May after rising to 0.3 percent in April from 0.1 percent in March. That would be a fourth straight year-over-year increase amid a gradual pickup in domestic demand. The CPI last peaked at 2.1 percent in January 2023. Chinese producer prices are expected to post a 20th straight year-over-year decline but the pace of decrease is seen decelerating further to 1.5 percent in May after slowing to 2.5 percent in April from 2.8 percent in March.
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.
