The most important events affecting the market, in the week from June 8 to June 12

08.06.2015

On Friday, the dollar rose to a 13-year high against the yen and strengthened its position against the euro after the employment figures were better than expected.

The US Labor Department reported that the US economy added 280 thousand jobs in May, higher than the expected 220 thousand. The unemployment rate rose to 5.5% from 5.4% the previous month.

The April figure was revised up to 221 thousand.

The level of hourly wages rose in May by 0.3% after increasing 0.2% in April.

The positive data, in particular the acceleration of wage growth, supported the speculation that the economy will show a rebound after weak growth in the first quarter, and strengthened expectations that the Federal Reserve may start raising interest rates at its policy meeting in September.

After the release of the data, the dollar strengthened against other major currencies.

This week, investors will focus on the revised data on the growth of the Japanese economy and the euro zone in the first quarter, as well as the report on industrial production in the euro zone.

In addition, United States, on Thursday, will release a report on retail sales and a report on consumer sentiment on Friday, which may indicate the status of world's largest economy in the current quarter.

Here is the list of significant events likely to affect the markets:

Monday, June 8

Japan is to release revised data on economic growth in the first quarter.

Germany will release data on industrial production.

Canada is to publish a report on issued building permits.

Tuesday, June 9

Australia is to release official data on home loans and private-sector report on business confidence.

China will release data on producer prices and consumer prices.

The euro zone is to release revised data on economic growth in the first quarter.

Switzerland is to publish data on consumer price inflation.

UK will report on the trade balance.

Wednesday, June 10

Japan is to publish data on the basic orders in the engineering industry.

Australia is to release private sector data on consumer sentiment.

The head of the Reserve Bank of Australia, Glenn Stevens, will have a speech.

UK is to release industry data on manufacturing output.

Later during the day, Bank of England Governor Mark Carney will speak at an event in London.

Thursday, June 11

Australia is to publish its monthly employment report.

China will publish data on industrial production and investments in fixed assets.

US will release reports on retail sales and on applications for unemployment benefits.

The head of the Bank of Canada, Stephen Poloz, will deliver a speech at an event in Ottawa.

Friday, June 12

US will finish the week with data on producer price inflation and consumer sentiment.

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