ECB meeting, large block of economic statistics and geopolitics news will determine the vector of financial markets movement during the week of June 3-9
China's manufacturing sector PMI from Caixin
Jerome Powell's speech
Voting on Brexit
Last week, geopolitical news, mainly related to the global trade environment, dominated the financial markets. The situation may change significantly this week, as a number of important economic events are expected in the coming days, which may have a very strong impact on the market dynamics. Therefore, the main focus of investors' attention will gradually shift from geopolitical events to economic events.
Monday, June 3
China to publish Manufacturing PMI by Caixin
The latest PMI data for the manufacturing sector will be published in Europe, the UK and the US.
Tuesday, June 4
The UK will publish PMI for the manufacturing sector and a vote on the Brexit bill is tentatively scheduled for this day
A meeting of the Reserve Bank of Australia will be held, at which a decision on the interest rate will be made
EU to release preliminary data on consumer price index for May
Jerome Powell will give a speech in the USA and industrial orders will be made public
Wednesday, June 5
GDP data for the 1st quarter will be published in Australia
PMI of the service sector will be presented in the UK
A large block of economic statistics is expected to be published in the US, which will include data on employment from ADP, PMI of the manufacturing sector and data on oil reserves. Several FOMC representatives are also scheduled to speak on the same day
Thursday, June 6
The Reserve Bank of India will decide on the interest rate
An ECB meeting on monetary policy will be held, which will result in a speech by the head of the bank, Mario Draghi. Also on this day in Europe data on GDP for the 1st quarter will be presented.
Friday, June 7
Non-Farm Payrolls will be published in the United States
Canada to release its labour market report