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.
Monday sees a very limited data calendar, with no major releases in the UK, Europe and the US.
But the pace picks up through the week, with the RBA and the ECB due to publish their latest policy announcements and the U.S. May consumer price data expected on Thursday.
The RBA meet Tuesday and expectations are for another rate hike following on from the may increase, with markets pointing to a 40 bps hike, taking the benchmark rate to 0.75%.
On Thursday, the ECB is expected to announce the end of net new purchases under the APP from no later than very early July, setting the ground for a first increase in rates as early as the July meeting.
Markets have already prices in at least a 25 bps hike in both July and September, with a chance at least of a 50bps hike in one of the two meets.
U.S. inflation is due on Thursday, with chances of a further modest slowing, although prices are expected to remain at elevated levels.
| Date | GMT/Local | Impact | Flag | Country | Event |
| 06/06/2022 | 1530/1130 | * |  | US | US Treasury Auction Result for 13 Week Bill |
| 06/06/2022 | 1530/1130 | * | | US | US Treasury Auction Result for 26 Week Bill |
| 07/06/2022 | 2301/0001 | * |  | UK | BRC-KPMG Shop Sales Monitor |
| 07/06/2022 | 0430/1430 | *** |  | AU | RBA Rate Decision |
| 07/06/2022 | 0600/0800 | ** |  | DE | Manufacturing Orders |
| 07/06/2022 | 0700/0900 | ** |  | ES | Industrial Production |
| 07/06/2022 | 0730/0930 | ** |  | EU | IHS Markit Final Eurozone Construction PMI |
| 07/06/2022 | 0830/0930 | ** | | UK | IHS Markit/CIPS Services PMI (Final) |
| 07/06/2022 | 0900/1000 | ** | | UK | Gilt Outright Auction Result |
| 07/06/2022 | 1230/0830 | ** |  | CA | International Merchandise Trade (Trade Balance) |
| 07/06/2022 | 1230/0830 | ** | | US | Trade Balance |
| 07/06/2022 | 1255/0855 | ** | | US | Redbook Retail Sales Index |
| 07/06/2022 | 1400/1000 | * | | CA | Ivey PMI |
| 07/06/2022 | 1700/1300 | *** | | US | US Note 03 Year Treasury Auction Result |
| 07/06/2022 | 1900/1500 | * | | US | Consumer Credit |
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.