We end this week with GDP in Canada and Chicago PMI in the US as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Chicago Purchasing Managers’ Index (PMI), Monthly Survey of managers in Chicago to value the business conditions such as employment, production and inventories, 55.5 is due from 58.7 on the last report.
Later in the US, Revised University of Michigan (UoM) Consumer Sentiment consumers’ Survey to measure the current and future financial conditions, raise up to 83.1 points is due from 82.7 points on May. While on the Revised UoM Inflation Expectations 3.2% is expected similar to the last time
Also in the US, Raw Materials Price Index (RMPI), to value the price change of manufacturers’ raw materials, 0.5% is likely now from -2.2% on the last time. And on the Industrial Product Price Index (IPPI) rise up to 0.7% is calculated from -0.8% on the previous month.
Finally in the US, Jeremy Stein, Federal Reserve Governor is due to speak in New York.
In Canada, Gross Domestic Product (GDP)’ the broadest economic activity measurement to value all goods and services that were produced by the economy, 0.1% is forecasted now from 0.2% on May.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Union (EU) Economic Summit due to meet in Brussels regarding a range of global financial issues, including centralizing bank oversight and employment.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Index of Services is due to drop down to 0.2% from 0.6% on the last time.
Read more about the Pound in the GBP/USD forecast.
Trade well
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