La semaine à venir : Semaine du 26 juin (GMT+3)

Tuesday, 27 June, 17:00 – US CB Consumer Confidence (Jun)

Ahead of the anticipated release of the U.S. CB Consumer Confidence data, the University of Michigan has published the Consumer Sentiment Index for the United States. It shows a monthly increase of 7.9% from 59.2 to 63.9 points in June, indicating that Americans feel upbeat about inflation and the economy. Based on the available data, June’s U.S. CB Consumer Confidence data is expected to be around 104, compared to the previous record of 102.3.

Jeudi, 29 juin, 15:00 UE IPC allemand (MoM) (juin)

The forecast for Germany’s Consumer Price Index (CPI) in May was 0.6%. However, the actual reading turned out to be -0.1%, coming in as positive news for the inflation-plagued region. However, the unexpected decrease raises concerns about the potential impact that rate hikes have had on the economy, with some cautioning a slow down in rate increases.

Thursday, 29 June, 15:30 – US GDP (QoQ) (Q1)

En mai, les données relatives au produit intérieur brut (PIB) ont dépassé les attentes avec un taux de croissance annualisé de 1,3%, dépassant le taux prévu de 1,1% et donnant plus de raisons à la Fed de poursuivre son cycle de hausse prévu - 25 points de base à chacune des deux prochaines réunions du FOMC. 

Friday, 30 June, 9:00 – UK GDP (QoQ) (Q1)

In the first quarter of 2023, the U.K.’s GDP grew by 0.1%, aligning with the predicted forecast. However, the U.K. economy ranks bottom among G7 countries in growth, trailing behind Germany, France, and the U.S. The country continues to face high inflation rates, necessitating close monitoring of upcoming U.K. data.

Friday, 30 June, 15:30 – US Core PCE Price Index (MoM) (May)

The May data for the overall PCE price index indicates a slight rise of 0.1% compared to the previous month’s 0.3%. Services mainly drove this increase, while goods experienced disinflation. The question remains whether dropping prices will see the Fed ease up on its monetary policy.