Markets week: eyes on inflation and ECB forum

(ANSA) – MILAN, JUN 26 – Macroeconomics and central bankers are back as protagonists in the last week of June. ECB members will meet again from 27 to 29 in Sintra, Portugal, for the annual forum, this year more anticipated than ever as Christine Lagarde’s new stage.

Among the incoming data, eyes are on the quarterly GDP of the USA expected on Wednesday 29, followed on 30 by that of the United Kingdom. There is also talk of inflation, which will be widespread in Germany, France, Japan, Italy and the EU and the confidence of managers, together with consumption and US university indexes.

Industry profits, retail sales in Germany, durable goods orders in the US and the Dallas Fed index are arriving from China on Monday 27 June.

The following day followed by consumer confidence in Germany and France, industrial sales in Italy, an initial intervention by the president of the ECB, the trade balance, inventories and house prices in the USA, where the indices of the Fed of Dallas and Richmond.

Wednesday 29 retail sales and household confidence in Japan, consumer, service and industry confidence in the Eurozone, weekly US mortgage applications, German inflation and US quarterly GDP. The day will probably be the most awaited at the forum of the European Central Bank, where alongside Lagarde, her counterpart from the Fed, Jerome Powell, will also speak. It will probably be an opportunity to witness the similarities and distinctions between the policies of the two central banks. Moreover, the weekly stocks of EIA crude oil are also on the way.

Thursday 30 is the turn of industrial production in Japan, the Chinese SME index, UK GDP and retail sales in Germany. This is followed by inflation in France, the unemployment rate in Germany and Italy, requests for subsidies in the US, together with consumption and the Chicago Fed index.

On Friday, July 1, inflation, the unemployment rate and the SME index arrive from Japan, also expected in China.

The inflation rate is expected from Italy and the Eurozone and the PMI and ISM manufacturing indices from the US. (HANDLE).

Source: Ansa

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