Next week will be marked by a quote capable of conditioning the behavior of all financial assets: the Federal Reserve meeting.
On Wednesday, the US central bank will announce its decision on interest rates in a particularly complex contextcharacterized by the strength of the labor market, the rebound in energy prices derived from tensions in the Middle East and uncertainty about global economic growth. Although the consensus does not expect movements in the official price of money, investors They will analyze every nuance of the statement looking for clues about the Fed’s next steps. The week will also be marked by eurozone inflation and the Bank of England and Bank of Japan rate meetings.
REFERENCES TO WATCH IN EUROPE Europe will face a week of increasing intensity. On Monday they will highlight the April industrial production in the eurozone and the trade balances of Italy and the entire European monetary bloc. On Tuesday the focus will shift to Germany with the ZEW Investor Confidence Survey June, a reference especially sensitive to the geopolitical and energy context, while Italy will publish its CPI for May.
However, the main focus will come on Wednesday with the final reading of May inflation in the eurozoneafter prices rose up to 3.0% year-on-year in April. The European week will continue on Thursday with the Bank of England meeting, for which the market expects rates to remain unchanged at 3.75%in addition to the publication of the British unemployment rate and the eurozone current account balance. On Friday, Germany will release its May producer price index and United Kingdom its retail sales, completing a week dominated by the evolution of prices and monetary policy expectations. THE FED SUBJECTS ITS MOST ANTICIPATED EXAMINATION In the United States, the week will begin with the publication of the Empire State Manufacturing Index, May industrial production and used productive capacity. On Tuesday the housing starts, construction licenses and import prices. However, all eyes will be on Wednesday. In addition to the May retail sales and pending home salesthe Federal Reserve to announce interest rate decision. Investors expect the central bank to maintain the current range between 3.50% and 3.75%, although attention will shift will focus on the message about inflation and growth. On Thursday the manufacturing survey of the Philadelphia Fed and the sweekly unemployment claims. On Friday, furthermore, Wall Street will remain closed for the celebration of Emancipation Day (Juneteenth), significantly reducing activity in international markets.
CHINA AND JAPAN MEASURE THE PULSE OF ASIA In Asia-Pacific, the main focus will fall on China and Japan. On Tuesday they will be knownChina’s May retail sales, industrial production and unemployment ratea battery of key data to evaluate the strength of domestic demand and manufacturing activity. That same day, the Bank of Japan to hold monetary policy meetingwith markets awaiting any indication of future rate movements. The week will continue with the publication of the Japan’s trade balance and will culminate on Friday with the May CPI in the Asian country.
India, for its part, will provide the May trade balance, a relevant reference to measure the evolution of its foreign sector. SHORTAGE OF BUSINESS REFERENCES The corporate agenda will be not very lively. Accenture will present results on Thursday at an event that will allow us to take the pulse of business technology spending and the evolution of projects linked to artificial intelligence. That same day you will also publish your accounts Kroger. In Spain, the Telefónica dividend paymentwhich will pay 0.15 euros gross per share, along with the dividends from Acciona Renewable Energies, Puig Brands and Atresmedia. Likewise, the week will be marked by numerous general meetings of shareholdersamong them those of Deoleo, Rovi, Colonial, Grifols and IAG. We detail all these references below: MONDAY, JUNE 15: – April Italy trade balance. – April eurozone industrial production. – April eurozone trade balance. – Empire State June United States manufacturing index. – Industrial production May United States. – Productive capacity used May United States. – General Meeting of Shareholders Bodegas Riojanas. TUESDAY, JUNE 16: – May China retail sales. – May industrial production China. – China May unemployment rate.
– Decision on interest rates Bank of Japan.
– CPI May Italy.
– ZEW June Germany survey.
– May India trade balance. – May United States import price index. – Housing starts May United States. – May preliminary construction licenses United States. – Deoleo General Shareholders’ Meeting. WEDNESDAY, JUNE 17: – May Japan trade balance.
– CPI May UK.
– May UK production price index.
– Final May CPI eurozone.
– Weekly mortgage applications in the United States. – May retail sales in the United States. – Pending home sales May United States.
– Decision on interest rates Federal Reserve.
– General meeting of shareholders of Laboratorios Farmacéuticos Rovi y Colonial SFL. – Puig Brands dividend (payment date): 0.4216 gross euros per share. – Atresmedia dividend (payment date): 0.21 gross euros per share. – Jabil Results. THURSDAY, JUNE 18: – April United Kingdom unemployment rate. – April eurozone current account balance.
– Decision on interest rates Bank of England.
– Decision on interest rates Swiss National Bank.
– Philadelphia Fed June United States manufacturing survey. – Applications for unemployment benefits United States. – General Meeting of Shareholders Duro Felguera, Miquel y Costas, Grifols, IAG and Atrys Health. – Telefónica dividend (payment date): 0.15 euros gross per share. – Acciona Energías Renovables Dividend (payment date): 0.03 gross euros per share. – Aperam dividend (payment date): 0.4250 gross euros per share. – Results Accenture, Kroger. FRIDAY, JUNE 19:
– Quadruple witching hour in the markets.
– CPI May Japan. – May Germany production price index. – May UK retail sales.
– Holiday on Wall Street for Emancipation Day.
– General Meeting of Shareholders of Ecoener and Special Ingots. – Dividend (payment date) Libertas 7: 0.04 gross euros per share.
