Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Wednesday sees the ECB Sintra meeting continue, with policymakers also given a first glimpse at June inflation data.
MNI's June China Liquidity Index is expected to confirm a modest tightening in conditions in the liquidity markets as we move into the half-year end. Last month. the index stood at 12.5 - on a reading of 0 to 100, the lower end represents looser conditions.
The first sight of euro zone member state inflation readings come Wednesday, as we see Spanish, German state and then German federal CPI.
Spanish June data, expected at 0800GMT, will likely show a pick up 8.8% y/y from 8.7% in May. On a harmonized reading, inflation is set to hit 8.7% from 8.5%. German state inflation will be mixed, but analysts see overall German CPI flatlining at 7.9%, while HICP will edge higher by 0.1% y/y to 8.8%.
Euro area M3 money supply, due at 0900BST, is expected to have slowed further in May, dropping to 5.8% from 6% in April.
The latest eurozone confidence data, due at 1000BST, will likely show the area's sentiment index dipped to 102.5 from 105 last month.
LIGHT US DATA
Its a light US data calendar, but the main release sees the revised release of Q1 GDP data, which is seen being confirmed at -1.5%.
There is another full day of policymaker speeches as the ECB's summer Sintra symposium continues. Amongst the speakers are VP Luis de Guindos and Exec Board member Isabel Schnabel,. The set piece event at Sintra sees ECB President Christine Lagarde sit down with Fed chair Jay Powell and BOE Governor Andrew Bailey. Other Fed speakers Wednesday include Cleveland Fed president Loretta Mester and St Louis Fed President Jim Bullard.
| Date | GMT/Local | Impact | Flag | Country | Event |
| 29/06/2022 | 0600/1400 | ** |  | CN | MNI China Liquidity Suvey |
| 29/06/2022 | 0700/0900 | *** |  | ES | HICP (p) |
| 29/06/2022 | 0700/0900 | ** |  | SE | Economic Tendency Indicator |
| 29/06/2022 | 0700/0900 | | ES | Spain Retail sales | |
| 29/06/2022 | 0745/0945 |  | EU | ECB de Guindos on Real Estate Cycles at ECB Forum | |
| 29/06/2022 | 0800/1000 | *** |  | DE | Bavaria CPI |
| 29/06/2022 | 0800/1000 | ** | | EU | M3 |
| 29/06/2022 | 0845/1045 | | EU | ECB de Guindos on Global Value Chains & Trade at ECB Forum | |
| 29/06/2022 | 0900/1100 | *** | | DE | Saxony CPI |
| 29/06/2022 | 0900/1100 | ** | | EU | Economic Sentiment Indicator |
| 29/06/2022 | 0900/1100 | * | | EU | Consumer Confidence, Industrial Sentiment |
| 29/06/2022 | 0900/1100 | * | | EU | Business Climate Indicator |
| 29/06/2022 | 1015/1215 | | EU | ECB Schnabel on Inflation Expectations at ECB Forum | |
| 29/06/2022 | 1030/0630 |  | US | Cleveland Fed's Loretta Mester speaking at ECB forum | |
| 29/06/2022 | 1100/0700 | ** | | US | MBA Weekly Applications Index |
| 29/06/2022 | 1200/1400 | *** | | DE | HICP (p) |
| 29/06/2022 | 1230/0830 | *** | | US | GDP (3rd) |
| 29/06/2022 | 1300/0900 | | US | Fed Chair Jerome Powell speaking at ECB forum | |
| 29/06/2022 | 1300/1500 | | EU | ECB Lagarde pm Monetary Policy Challenges | |
| 29/06/2022 | 1300/1400 |  | UK | BOE Bailey Panels ECB Forum | |
| 29/06/2022 | 1430/1030 | ** | | US | DOE weekly crude oil stocks |
| 29/06/2022 | 1500/1700 | | EU | ECB Lagarde Closing Remarks at ECB Forum | |
| 29/06/2022 | 1530/1130 | * | | US | US Treasury Auction Result for Cash Management Bill |
| 29/06/2022 | 1705/1305 | | US | St. Louis Fed's James Bullard |
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.