3rd June 2019 - 7th June 2019
• Euro Markit Manufacturing • US ISM Manufacturing PMI The Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in the Euro Zone The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector it is a significant indicator of the overall economic condition in US • Euro Unemployment Rate & Consumer Price Index • GBP Markit • US Chairperson Fed Jerome Powell Speech The core CPI is a key indicator to measure inflation and changes in purchasing trends. It is expected to be low. The Unemployment Rate released by the Eurostat is the number of unemployed workers divided by the total civilian labor force. Fed Chairman Jerome H. Powell will give a speech on Tuesday. • Euro Retail Sales • GBP Markit Services • US ISM Non –Manufacturing Index The Retail Sales released by the Eurostat is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term. The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. • Euro Gross Domestic Product, Interest Rate Decision & Monetary Policy Statement The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. ECB Interest Rate Decision is announced by the European Central Bank. Usually if the ECB is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the EUR and vice-versa. Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend • US Average Hourly Earnings & Non-farm payrolls The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. It is expected to be same. The nonfarm payrolls released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business. Monday
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