Economic calendar: US retail sales in the spotlight

9:37 am 18 June 2024

  • European indices set for higher opening
  • US retail sales data in the spotlight
  • German ZEW index for June on the agenda
  • Number of speeches from Fed and ECB members

European index futures point to a higher opening of today's cash session on the Old Continent, with EuroStoxx and DAX futures trading around 0.6% higher. This comes after an upbeat Asia-Pacific session that saw regional indices gain. AUD is the best performing G10 currency today - while RBA left interest rates unchanged today, RBA Governor Bullock acknowledged that discussion on a rate hike was held.

Economic calendar for the day ahead includes some interesting releases. US retail sales report for May at 1:30 pm BST will draw the most attention, while traders in Europe will focus on ZEW index release for June (10:00 am BST). EURUSD may also remain active throughout the day due to a number of Fed and ECB speakers scheduled.

10:00 am BST - Germany, ZEW index for June. Expected: 50.0. Previous: 47.1

10:00 am BST - Euro area, CPI inflation for May (final).

  • Headline. First release: 2.6% YoY
  • Core. First release: 2.9% YoY

1:00 pm BST - National Bank of Hungary rate decision

1:30 pm BST - US, retail sales for May.

  • Headline. Expected: +0.2% MoM. Previous: 0.0% MoM
  • Ex-autos. Expected: +0.2% MoM. Previous: +0.2% MoM

2:15 pm BST - US, industrial production report for May

  • Industrial production. Expected: 0.3% MoM. Previous: 0.0% MoM
  • Capacity utilization. Expected: 78.6%. Previous: 78.4%

3:00 pm BST - US, business inventories. Expected: 0.3% MoM. Previous: -0.1% MoM

9:40 pm BST - API report on US oil inventories

Central bankers' speeches

  • 10:00 am BST - ECB Knot
  • 1:00 pm BST - ECB Cipollone
  • 2:30 pm BST - ECB de Guindos
  • 3:00 pm BST - Fed Barkin
  • 4:40 pm BST - Fed Collins
  • 5:00 pm BST - ECB Villeroy
  • 6:00 pm BST - Fed Logan
  • 6:00 pm BST - Fed Kugler

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world.