In the week ahead, investors will be looking ahead to Thursday’s U.S. retail sales report for further indications on the strength of the U.S. recovery. A rate reviews by New Zealand’s central bank and the latest U.K. jobs report will also be in focus.
Monday, June 9
Markets in Australia are to remain closed for a national holiday. Japan is to release revised data on first quarter growth, as well as reports on the current account and bank lending. Canada is to publish data on housing starts.
Tuesday, June 10
Japan is to release data on tertiary industry activity. Australia is to publish private sector data on business confidence, as well as official data on home loans. China is to produce data on consumer and producer prices. In the euro zone, France is to publish data on industrial production. Elsewhere in Europe, Switzerland is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. The U.K. is to release data on industrial and manufacturing production.
Wednesday, June 11
Japan is to publish the latest reading of its BSI manufacturing index. Australia is to release private sector data on consumer sentiment. The U.K. is to publish data on the change in the number of people employed and the unemployment rate, as well as data on average earnings.
Thursday, June 12
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision. The bank is also to hold a press conference to discuss the monetary policy decision. Japan is to produce data on core machinery orders. Australia is to release data on the change in the number of people employed and the unemployment rate, and a private sector report on inflation expectations. The euro zone is to release data on industrial production, while the ECB is to publish its monthly bulletin. Canada is to publish data on new house price inflation, while Bank of Canada Governor Stephen Poloz is to speak at an event in Ottawa. The U.S. is to release the weekly report on initial jobless claims, in addition to data on retail sales and import prices. BoE Governor Mark Carney is to speak at an event in London.
Friday, June 13
New Zealand is to release private sector data on manufacturing activity. The Bank of Japan is to announce its benchmark interest rate and publish its monetary policy statement, which outlines economic conditions and the factors affecting the bank’s decision. The announcement is to be followed by a press conference. China is to release data on industrial production and fixed asset investment. Canada is to publish data on manufacturing sales. The U.S. is to round up the week with data on producer price inflation and preliminary data on consumer sentiment from the University of Michigan.