Here is a list of significant events of the next week which are likely to affect the markets:
Monday, June 1
- China will release official data on activity in the manufacturing and services sector as well as the manufacturing index from HSBC.
- Australia is to release data on building permits.
- Germany will release data on manufacturing activity. The euro zone is also to release final data on manufacturing activity.
- UK is to publish data on manufacturing activity.
- Later, the US Institute of Supply Management will publish data on manufacturing activity.
Tuesday, June 2
- Reserve Bank of Australia will announce the interest rate and will publish its accompanying statement, which sets out the economic conditions and the factors influencing the decision on monetary policy.
- Australia is also to release data on the current account.
- Japan is going to release a report on the level of average earnings.
- The euro zone is to release preliminary data on consumer price increase, while Spain and Germany, will publish a report on employment.
- UK is to publish reports on activity in the construction sector and the volume of lending.
- US will release a report on factory orders.
Wednesday, June 3
- Australia is to publish data on economic growth in the first quarter.
- China will release a report on business activity in the services sector from HSBC.
- The euro zone will release final PMI for the services sector, as well as data on retail sales and unemployment rate.
- The European Central Bank will announce a decision on monetary policy. The announcement will be followed by a press conference led by the president of the ECB, Mario Draghi.
- UK will release data on activity in the services sector.
- In the US, ADP will publish non-farm employment data, and there is also expected the report on the number of jobs.
- Both the US and Canada will publish data on its trade balance.
Thursday, June 4
- Australia is to publish reports on retail sales and the trade balance.
- The Bank of England will announce interest rate decision.
- US will publish a weekly report on the number of applications for unemployment benefits.
- Canada will publish PMI from Ivey.
Friday, June 5
In the euro zone, Germany will release data on industrial new orders.
Canada will release a monthly report on employment.
US completes the week with a government report on nonfarm payrolls, unemployment rate and level of average earnings.