Weekly Economic Calendar

June 9 – June 14, 2024 Economic report and policy meetings

June 9

Japan:  GDP Growth Annualized Final – 1^st Qtr., Bank Lending (YoY) – May, GDP Growth Rate (QoQ) Final – 1^st Qtr., Economy Watchers Survey (Current) – May, Economy Watchers Survey (Outlook) - May

June 10

Brazil:  Brazilian Central Bank (BCB) Focus Market Readout

Euro-Zone:  Italy: Industrial Production (MoM) – April, Industrial Production (YoY) – April

Switzerland:  Consumer Confidence - May    

U.K.:  Employment Change – April, Unemployment Rate – April, Average Earnings including Bonus (3Mo/Yr.) - April     

June 11

Brazil:  Inflation Rate (MoM) – May, Inflation Rate (YoY) - May

Canada:  Building Permits (MoM) – April

China:  Inflation Rate (YoY) – May, Inflation Rate (MoM) – May, Producer Price Index (PPI) (YoY) - May

Euro-Zone:  Germany: Inflation Rate (YoY) Final – May, Inflation Rate (MoM) Final - May

Japan:  Producer Price Index (PPI) (MoM) – May, PPI (YoY) - May

Mexico:  Industrial Production (YoY) – April

Russia:  Balance of Trade - April

South Korea:  Unemployment Rate - May

U.K.:  GDP 3-Month Average – April, GDP (YoY) – April, Balance of Trade – April, Construction Output (YoY) – April, GDP (MoM) – April, Goods Trade Balance – April, Goods Trade Balance Non-EU – April, Industrial Production (YoY) – April, Manufacturing Production (YoY) – April

June 12

Australia:  WESTPAC Consumer Confidence Change – June, Employment Change – May, Unemployment Rate – May, Full Time Employment Change - May  

Euro-Zone:  Germany: 10-Year Bund Auction

India:  Industrial Production (YoY) – April, Inflation Rate (YoY) – May, Manufacturing Production (YoY) – April  

Japan:  BSI Large Manufacturing (QoQ) – 2^nd Qtr., Foreign Bond Investment – June 8^th     

New Zealand:  Electronic Retail Card Spending (MoM) – May, Electronic Retail Card Spending (YoY) - May   

Thailand:  Interest Rate Decision

U.K.:  NIESR Monthly GDP Tracker - May  

U.S.:  Federal Reserve Interest Rate Decision, Federal Open Market Committee (FOMC) Economic Projections, Federal Reserve (Fid) Press Conference, Monthly Budget Statement – May, Core Inflation Rate (YoY) – May, Inflation Rate (YoY) – May, Core Inflation Rate (MoM) – May, Consumer Price Index (CPI) – May, CPI s.a. – May, Inflation Rate (MoM) – May, MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (June 7), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (June 7), Department of Energy (DOE) U.S. Crude Oil Inventories (June 7), DOE Cushing OK Crude Inventory (June 7), DOE U.S. Gasoline Inventories (June 7), DOE U.S. Distillate Inventory (June 7), DOE U.S. Refinery Utilization (June 7), DOE Crude Oil Implied Demand (June 7)

The Bureau of Labor Statistics releases the consumer price index for May. Consensus estimate is for the CPI to increase 3.4% year over year, matching the April data. The core CPI, which strips out food and energy prices, is expected to rise 3.5%, one-tenth of a percentage point less than previously. The Federal Open Market Committee announces its monetary-policy decision. The FOMC is all but assured of keeping the federal-funds rate unchanged at 5.25% to 5.50%. The central bank will also release its quarterly Summary of Economic Projections. The March SEP showed a median projection of three quarter-point interest rate cuts this year. Traders are currently pricing in between one and two interest rate cuts by year end.

June 13

Australia:  Consumer Inflation Expectations – June

Brazil:  Retail Sales (MoM) - April

China:  New Yuan Loans - May

Euro-Zone:  Industrial Production (YoY) – April, France: Inflation Rate (MoM) Final – May, Inflation Rate (YoY) Final - May   

Japan:  Bank of Japan Interest Rate Decision, Industrial Production (YoY) Final – April, Tertiary Industry Index (MoM) – April

New Zealand:  Business NZ Purchasing Managers Index (PMI) - May  

U.S.:  Producer Price Index (PPI) (MoM) – May, Continuing Jobless Claims – June 1, Initial Jobless Claims – June 8, Federal Reserve’s Williams Speech

June 14

Brazil:  Business Confidence - June

Euro-Zone:  Balance of Trade – April, Italy: Balance of Trade - April  

India:  Balance of Trade - May     

Russia:  Inflation Rate (MoM) – May, Inflation Rate (YoY) - May

U.S.:  University of Michigan Consumer Sentiment Preliminary – June, Baker Hughes U.S. Rig Count – June 14, Federal Reserve’s Goolsbee Speech

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.