Investors are set for a busy final week of June, with several economic releases due from major economies. Inflation reports, manufacturing activity data and updates from central banks are among the events that could shape expectations on growth and interest rates.
#### Inflation readings due from Canada, France and Germany
Canada’s annual inflation data is scheduled for June 22 at 18:00 IST (UTC+5:30).
Shelter carries the largest weight in Canada’s consumer price index at 30%, followed by:
- Transportation: 17%
- Food: 16%
- Household operations, furnishings and equipment: 15%
- Recreation, education and reading: 9%
- Health and personal care: 5%
- Alcoholic beverages and tobacco: 5%
- Clothing and footwear: 4%
France will publish preliminary inflation data on June 30 at 12:15 IST.
The CPI basket is made up of:
- Services: 48%
- Manufactured products: 24%
- Food: 16%
- Energy: 9%
- Tobacco: 2%
Germany’s preliminary inflation report is due on June 30 at 17:30 IST.
Major components include:
- Housing, water, electricity, gas and other fuels: 32%
- Transport: 13%
- Recreation, entertainment and culture: 11%
- Food and non-alcoholic beverages: 10%
#### Manufacturing activity data
Flash manufacturing PMI readings from Germany and the UK will be released on June 23.
A PMI reading above 50 signals expansion, while a reading below 50 points to contraction.
Germany S&P Global Manufacturing PMI Flash
- Date: June 23
- Time: 13:00 IST
The survey covers about 420 manufacturing companies.
Weightage of components:
- New orders: 30%
- Output: 25%
- Employment: 20%
- Supplier delivery times: 15%
- Stocks of purchases: 10%
UK S&P Global Manufacturing PMI Flash
- Date: June 23
- Time: 14:00 IST
The index is based on responses from 600 industrial companies.
Component weights are:
- New orders: 30%
- Output: 25%
- Employment: 20%
- Supplier delivery times: 15%
- Stock of items purchased: 10%
#### Key US indicators due on June 25
Several US economic reports are scheduled for June 25 at 18:00 IST.
The releases include:
- Core PCE Price Index MoM
- Durable Goods Orders MoM
- GDP Growth Rate QoQ Final
- Personal Income MoM
- Personal Spending MoM
The Core PCE Price Index is closely watched as a measure of inflation in consumer spending.
Personal income tracks earnings from work, assets and transfers after government social insurance contributions.
Personal spending reflects household expenditure on goods and services.
On the expenditure side, US GDP is made up of:
- Personal consumption: 68%
- Goods: 23%
- Services: 45%
- Private investment: 16%
- Government consumption and investment: 18%
- Net exports: -3%
#### RBA minutes scheduled for June 30
The Reserve Bank of Australia will release the minutes of its latest policy meeting on June 30 at 07:00 IST.
The document provides details on the central bank’s assessment of economic conditions and interest rates.
Australia’s benchmark policy rate is the cash rate, which applies to overnight loans between financial institutions.
TL;DR
Markets will watch inflation reports from Canada, France and Germany, manufacturing PMI data from Germany and the UK, major US economic indicators and the Reserve Bank of Australia’s meeting minutes during the final days of June.
AI summary
- Inflation data from Canada, France and Germany are due this month.
- Germany and the UK will release flash manufacturing PMI readings on June 23.
- Key US data, including Core PCE and GDP, are scheduled for June 25.
- RBA meeting minutes will be released on June 30.
- These reports could influence growth and interest rate expectations.
