Week Ahead starting 26/6/23: Ifo; Japan and Australia retail sales; inflation; US core PCE
Retail sales, consumer confidence and inflation figures from Germany to Japan will give investors an overview of how major economies are faring as interest rates continue to rise.
Inflation still front and centre
The focus remains on rising consumer prices both sides of the Atlantic, with core PCE numbers from the United States and Europe. We kick off on Monday with the Ifo business climate out of Germany.
Tuesday
On Tuesday, the focus shifts to the US where we will have the latest US new home sales and consumer confidence data.
Wednesday
We return to Germany and the latest snapshot of consumer confidence levels there as well as France. Look out for EIA crude oil inventories too.
Thursday
Both Australia and Japan report retail sales figures. Germany’s consumer price index could be a risk event for the euro. Plus, look out for the final reading on US GDP and initial jobless claims.
Friday
The big event on Friday will be the US core PCE price index, an indicator watched by the Fed. Germany releases retail sales figures and watch out for China’s manufacturing and services PMI for the month of June.
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