Economic events of this week

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Monday: The Producer Prices Index will be released in Spain, currently still at a 1.2% annual deflation. Tuesday: May Consumer Confidence Indices will be released in France and Italy. In the U.S., analysts except April’s Durable Goods Orders to decrease by a monthly 0.7%, following a 2.6% increase recorded last month. Also due in the U.S. are the Markit Purchasing Mangers’ Indices for the Composite and Services sectors and May’s Consumer Confidence Index. Wednesday: Germany will see the release of May’s Unemployment print, which analysts expect to remain at 6.7%. The Eurozone’s aggregate Consumer Confidence print will also be released. Indications on the real estate market will be provided with the publishing of the MBA Mortgage Applications. Thursday: The final estimate regarding the first quarter’s Gross Domestic Product print will be released in Spain. The U.S. will see the second estimate for the same figure released and the weekly Initial Jobless Claims. Friday: April’s Jobless Rate will be released in Japan, where analysts expected it to remain unchanged at 3.6%. The Nationwide Consumer Price Index will also be released – prices could become more volatile as the effect of Abenomics picks up. Preliminary indications of Spain’s May CPI will also be released, analysts expect a mere 0.3% annual increase. Italy will see the publishing of a preliminary May CPI print. In the U.S., April’s Personal Income and Spending data will be released, in addition to the Chicago Business Barometer and the University of Michigan’s Consumer Confidence Index. Start Trading HERE!