Here Are The Key Market Moving Events For Wednesday, June 13

Sunset Sunrise Sun Hazy Better GoodThe planet Venus passes before the sun, a very rarely-seen event, in Orange County, California. U.S. economic announcements on Wednesday kick off at 8:30 a.m.

Photo: David McNew/Getty Images

Wednesday is a relatively slow day, with important reads out of South Korea and Japan. In the U.S., investors will have producer prices and retail sales for sentiment.Here’s what you need to know.

  • South Korea starts things off at 7:00 p.m. on Tuesday evening with May’s unemployment reading. Expectations are for no change in the jobless report, remaining at 3.4 per cent.
  • Japanese machine orders hits at 7:50 p.m., with expectations for a 1.6 per cent sequential gain in April.
  • Australian Westpac consumer confidence for June follows at 8:30 p.m.
  • Announcements go quiet until 1:30 a.m. on Wednesday morning, when France will release its May CPI report. Economists project the rate will show zero growth month-on-month.
  • German consumer prices follow at 2:00 a.m. with expectations for a 0.2 per cent decline in May.
  • Spanish and Italian inflation rates follow at 3:00 and 4:00 a.m., respectively. Both readings are forecast to show no change in May.
  • Eurozone industrial production is scheduled for 5:00 a.m., with expectations for a 1.2 per cent decline in April.
  • Attention shifts to the U.S. at 8:30 a.m. with producer prices. Economists forecast May PPI fell 0.6 per cent.
  • Retail sales will also be announced at 8:30 a.m. Projections are for sales excluding autos and gas to show a 0.4 per cent improvement in May.
  • Closing out the day is a reading of business inventories at 10:00 a.m., which is seen increasing 0.3 per cent in April.

Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.

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