Economic calendar: light calendar ahead of CPI next week!

• European indices are opening slightly lower
• Final CPI data for May - reporting period has begun
• CPI data from China in line with expectations

After yesterday's gains, today's session in Europe is opening slightly lower. The German DE30 index is currently down 0.11% and is trading around 16,000 points. Higher volatility is not expected in the markets on the last day of the week, given the lack of significant events in the economic calendar.

This week marks the beginning of the period for the publication of final inflation data for the month of May. This night, China released CPI data. CPI inflation was in line with analysts' expectations at 0.2% YoY, while PPI inflation declined by -4.6% YoY, compared to forecasts of -4.3% YoY. Next week, investors will receive key CPI data from the United States on Tuesday, one day before the Fed's interest rate decision.

Detailed macro calendar:

3:30 AM BST, China - Inflation

• CPI YoY, Actual: 0.2%, Expected: 0.2%, Previous: 0.1%
• PPI YoY, Actual: -4.6%, Expected: -4.3%, Previous: -3.6%

2:00 PM BST, Poland - Minutes from the Monetary Policy Council meeting

2:30 PM BST, Canada - Unemployment Rate for May

• Expected: 5.1% YoY, Previous: 5.0% YoY
• Expected Change: 22.5k, Previous: 41.4k