Fed interest rate meeting, inflation data set investors’ agenda

Madrid, June 9 (Ifecom).- The Federal Reserve will hold a meeting on Wednesday regarding monetary policy in the United States, which is expected to maintain interest rates after they were cut this week by the European Central Bank, as well as inflation. Data in several European countries, the United States and China, sets the stock market agenda for next week.

The week will begin with the publication of the Sentix index, which measures the level of investor confidence in the economic activity of the euro zone in June, in addition to Italian industrial production in April. The French debt auction will also be held at 3, 6 and 12 months.

On Tuesday the 11th of this month, the most important data at the macroeconomic level will be the UK employment data for April, while in Spain a three-month Spanish securities auction will be held.

The highlight of Wednesday the 12th will be inflation in Germany for the month of May, in a context in which its preliminary data showed a rise in the annual rate of change of the general consumer price index by 0.2 points compared to its level in April, to 2.4%. , as highlighted by Cingular Bank.

At the same time, data from the UK on the development of this country’s GDP and industrial production in April will be key, to which will be added the debt auctions of Italy with 12-month maturities and Germany’s 10-year maturities. In the latter country, the current account balance for April will also be known.

On Thursday, the 13th, the final reading of the Spanish Consumer Price Index for May will be published, after the main indicator showed a new increase in the general inflation rate to 3.6% year-on-year.

On the same day, April industrial production for the euro zone will also be announced, an auction of Italian 3-, 15- and 30-year inflation-linked debt will be held, and the Thomson Reuters Ipsos June core consumer confidence index will be published in the UK, Italy, Germany, France and Spain.

A day later, on Friday the 14th, inflation data in France and Portugal for May, the trade balance in the Eurozone and Italy, and the wholesale price index in Germany will be released.

But there is no doubt that the eyes of all investors will be focused next week on the US Federal Reserve meeting, on Wednesday the twelfth, at which it is expected that interest rates will be maintained, although the European Central Bank will hold this week (the European Central Bank decided (ECB) reduced it by 25 basis points and it is not known what will happen in future meetings.

Ahead of this week’s major event, the Conference Board’s Employment Trends Index for May will be published in the US on Monday, and debt auctions will be held for 3-month, 6-month and 3-year maturities.

On Tuesday the 11th of this month, there will also be an auction of public debt in the United States, with maturities of 52 weeks and 10 years, in addition to the publication of the Red Book index of retail sales and the weekly oil reserves of the American Petroleum Institute (API).

Before the Fed’s decision on interest rates is known, the US CPI, MBA Purchases Index, Mortgage Market Index, Crude Oil Imports, Consumer Inflation Expectations, Thomson Reuters and Ipsos PCSI for June will be released on Wednesday in the United States.

On Thursday, May Producer Price Index (PPI) data, unemployment claims, and an auction of 4-week debt and 8-week bonds, as well as reserve balances at the Federal Reserve, will arrive in this country. Banks.

The United States will conclude its agenda on Friday with the publication of inflation and consumer confidence forecasts from the University of Michigan, the Federal Reserve’s monetary policy report, and the Baker census of active fields in the United States.

In the Asia-Pacific region, the highlight will be the Bank of Japan’s interest rate decision, scheduled for Friday.

The week begins with the Dragon Boat Festival in China, while in Japan the first quarter GDP and seasonally adjusted current account balance for April will be published.

On Wednesday, China’s Consumer Price Index and Japan’s Corporate Goods Index for May will be published, with foreign investment in Japanese stocks announced the following day.

On the same day, the development of outstanding loans in China will also be published. Aficom

MLM/BRP

(photos Video)