Photo: AP/Koji Sasahara
Monday is a relatively slow day for economic announcements in the U.S., with consumer credit expected towards the end of the day. Internationally, the focus will be on reports out of Germany and France.Here’s what you need to know.
- The U.K. starts things off at 7:00 p.m. on Sunday evening with the Lloyds Employment Confidence index. There is no consensus for the report.
- Japanese machine orders follow at 7:50 p.m., with expectations for a 2.6 per cent sequential fall in May.
- At 9:30 p.m. Chinese inflation for June will be released. Economists forecast CPI showed a 2.3 per cent jump on a year-over-year basis.
- Announcements go quiet until 1:45 a.m. on Monday morning with Swiss unemployment. Consensus is for a 10 basis point decline in the jobless rate, to 2.9 per cent in June.
- Germany’s trade balance follows at 2:00 a.m., with expectations for the surplus to decline slightly to €14.0 billion in May, as imports increase 0.8 per cent.
- The Bank of France Business Sentiment report is expected at 2:45 a.m. Consensus is for a one point drop to 92 in June.
- Czech industrial output hits at 3:00 a.m. Economists predict output declined 2.3 per cent year-on-year in May.
- Attention shifts to North America at 10:30 a.m., with the Bank of Canada’s Business Outlook Survey.
- Closing out the day at 3 p.m. is consumer credit in the U.S. Economists forecast credit expanded by $8.0 billion in May, above April’s $6.51 billion advance.
Below, the key earnings announcements scheduled for the day.
Alcoa (AA): $0.06
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.