In the week ahead, investors will be focusing on the outcome of Wednesday’s Federal Reserve policy meeting, while Monday’s preliminary report on euro zone inflation will also be closely watched.
Monday, June 16
The euro zone is to release preliminary data on consumer price inflation, which accounts for the majority of overall inflation. Canada is to publish a report on foreign securities purchases. The U.S. is to produce data on industrial production and manufacturing activity in the Empire State.
Tuesday, June 17
The Reserve Bank of Australia is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Switzerland is to release data on producer price inflation, while the U.K. is to release data on consumer price inflation. The ZEW Institute is to release its closely watched report on German economic sentiment, a leading indicator of economic health. Later Tuesday, the U.S. is to produce data on housing starts, building permits and consumer prices.
Wednesday, June 18
New Zealand is to release data on the current account, while Australia is to publish an index of leading economic indicators. The Bank of Japan is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Japan is also to release data on the trade balance. The BoE is to publish the minutes of its latest policy setting meeting. The ZEW Institute is to publish a report on economic expectations in Switzerland, a leading indicator of economic health. Canada is to produce data on wholesale sales. Later Wednesday, the Federal Reserve is to announce its federal funds rate and publish its rate statement. The announcement is to be followed by a press conference with Fed Chair Janet Yellen.
Thursday, June 19
New Zealand is to publish data on gross domestic product, the broadest indicator of economic activity and the leading measure of the economy’s health. The Swiss National Bank is to announce its libor rate. The bank is also to publish its quarterly monetary policy assessment and hold a press conference. The U.K. is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. The Eurogroup of euro area finance ministers are to hold meeting in Brussels. The U.S. is to publish the weekly report on initial jobless claims as well as a report on manufacturing activity in the Philadelphia region.
Friday, June 20
Germany is to publish data on producer price inflation. BoJ Governor Haruhiko Kuroda is to speak at an event in Tokyo; his comments will be closely watched. The euro zone is to release data on the current account, while the euro area’s Economic and Financial Affairs Council is to hold meetings in Brussels. The U.K. is to release data on public sector net borrowing. Canada is to round up the week with data on consumer inflation and retail sales.