Economic Calendar

U.S. PCE And UoM Data in Market Focus

 

  • Stock indices are rising on both sides of the Atlantic, with U.S. futures up between 0.2% and 0.3%.
  • Gains in Europe are even more pronounced — the FRA40 contract is up over 1%, while Germany’s DAX gains 0.5%.
  • Markets are awaiting key U.S. data: the PCE inflation report (12:30 GMT) and the final University of Michigan consumer sentiment reading (14:00 GMT).
  • China confirmed constructive talks with the U.S. in London; according to a statement from China’s Ministry of Commerce, the U.S. has reportedly committed to removing unfavorable export barriers for Chinese companies.

12:30 GMT – U.S. PCE Inflation Data for May:

  • Headline PCE (YoY): 2.3% expected vs. 2.1% previous
  • Headline PCE (MoM): 0.1% expected vs. 0.1% previous
  • Core PCE (YoY): 2.6% expected vs. 2.5% previous
  • Core PCE (MoM): 0.1% expected vs. 0.1% previous
  • Personal Spending (MoM): 0.1% expected vs. 0.2% previous
  • Personal Income (MoM): 0.3% expected vs. 0.8% previous

14:00 GMT – Final University of Michigan Consumer Sentiment (June):

  • Consumer Sentiment: 60.5 expected vs. 60.5 previous
  • Current Conditions: 63.2 expected vs. 63.7 previous
  • 1-Year Inflation Expectations (Final): 4.1% (unchanged)
  • 5-Year Inflation Expectations: 6.2% vs. 6.1% previous

Central Bank Speeches (GMT):

  • 11:00 AM – ECB’s Olli Rehn
  • 11:30 AM – Fed’s John Williams
  • 1:15 PM – Fed’s Adriana Kugler (Hammack assumed typo)
  • 4 PM – ECB’s Piero Cipollone

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