Date | 9:05am | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | ||
---|---|---|---|---|---|---|---|---|---|---|
9:05am | Actual | |||||||||
Thu Jun 6 | ||||||||||
Thu Jun 6 | 1:45am | CHF | Unemployment Rate | 2.4% | 2.3% | 2.3% | ||||
2:00am | EUR | German Factory Orders m/m | -0.2% | 0.6% | -0.4% | |||||
4:00am | EUR | Italian Retail Sales m/m | -0.1% | 0.3% | 0.0% | |||||
4:30am | GBP | Construction PMI | 54.7 | 52.5 | 53.0 | |||||
4:58am | EUR | French 10-y Bond Auction | 3.05|2.0 | 3.03|2.2 | ||||||
5:00am | EUR | Retail Sales m/m | -0.5% | -0.2% | 0.7% | |||||
Day 1 | EUR | European Parliamentary Elections | ||||||||
7:30am | USD | Challenger Job Cuts y/y | -20.3% | -3.3% | ||||||
8:15am | EUR | Main Refinancing Rate | 4.25% | 4.25% | 4.50% | |||||
EUR | Monetary Policy Statement | |||||||||
8:30am | CAD | Trade Balance | -1.0B | -1.2B | -2.0B | |||||
USD | Unemployment Claims | 229K | 220K | 221K | ||||||
USD | Revised Nonfarm Productivity q/q | 0.2% | 0.1% | 0.3% | ||||||
USD | Revised Unit Labor Costs q/q | 4.0% | 4.8% | 4.7% | ||||||
USD | Trade Balance | -74.6B | -76.2B | -68.6B | ||||||
8:45am | EUR | ECB Press Conference | ||||||||
10:00am | CAD | Ivey PMI | 65.2 | 63.0 | ||||||
10:30am | USD | Natural Gas Storage | 89B | 84B | ||||||
6:45pm | NZD | Manufacturing Sales q/q | -0.7% | |||||||
7:30pm | JPY | Household Spending y/y | 0.6% | -1.2% | ||||||
Tentative | AUD | ANZ Job Advertisements m/m | 2.8% | |||||||
Tentative | CNY | Trade Balance | 510B | 513B | ||||||
Tentative | CNY | USD-Denominated Trade Balance | 70.5B | 72.4B | ||||||
11:00pm | AUD | RBA Deputy Gov Hauser Speaks |
-
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to moderate the degree of monetary policy restriction after nine months of holding rates steady. Since the Governing Council meeting in September 2023, inflation has fallen by more than 2.5 percentage points and the inflation outlook has improved markedly. Underlying inflation has also eased, reinforcing the signs that price pressures have weakened, and inflation expectations have declined at all horizons. Monetary policy has kept financing conditions restrictive. By dampening demand and keeping inflation expectations well anchored, this has made a major contribution to bringing inflation back down. post: #ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 3.75%; EST. 3.75% - BBG *ECB CUTS MARGINAL LENDING FACILITY TO 4.50%; EST. 4.50% *ECB CUTS MAIN REFINANCING RATE BY 25BPS TO 4.25%; EST. 4.25% post: ECB SAYS ECB WILL CONTINUE TO REINVEST, IN FULL, PRINCIPAL PAYMENTS FROM MATURING SECURITIES PURCHASED UNDER PEPP UNTIL END OF JUNE 2024 || ECB SAYS OVER SECOND HALF OF YEAR, IT WILL REDUCE PEPP PORTFOLIO BY €7.5 BILLION PER MONTH ON AVERAGE ECB SAYS ECB INTENDS TO DISCONTINUE… post: ECB Not Pre-Committing To Any Particular Rate Path - Inflation Likely To Stay Above Target Well Into Next Year - Raises Inflation Forecasts For 2024, 2025European Central Bank cuts main interest rate by 0.25 points The European Central Bank has eased the pressure on borrowers across the eurozone after cutting its main interest rate for the first time in almost five years. The ECB reduced its deposit rate to 3.75% from a record high of 4%, putting it ahead of the US Federal Reserve and the Bank of England, which have yet to cut interest rates. Financial markets eagerly anticipated the first eurozone cut since September 2019, which will also affect the ECB’s main refinancing operations rate, which fell from 4.5% to 4.25%. City analysts had forecast the cut in borrowing costs at the ECB’s June meeting after signals that that the central bank was ready to offer more support to eurozone economies after a period of economic stagnation following the Russian invasion of Ukraine.
-
post: BoJ's Nakamura: Japan's economy at critical juncture https://t.co/IwKcPts4Zm post: BoJ Gov Ueda: Price Expectations Must Be Around 2% For Price Target - Inflation Expectations Still Below 2% - Want To Proceed Cautiously On Interest Rates post: BOJ GOVERNOR UEDA: UNCERTAINTIES SURROUND MEASURING NEUTRAL RATE post: BOJ GOVERNOR UEDA: TO AVOID SUCH A SCENARIO, BOJ WOULD NEED TO ADJUST DEGREE OF MONETARY EASING WHICH WOULD REQUIRE RAISING SHORT-TERM POLICY TARGET post: BOJ GOVERNOR UEDA: REDUCE BOND BUYING DURING EXIT
-
In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 8,000 from the previous week's revised level. The previous week's ...
-
The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ...
-
The quotes of the USD/JPY currency pair continue to move as part of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the ...