In the US the most important releases are inflation rate; the preliminary estimate of Michigan consumer sentiment; JOLTs job openings; producer and foreign trade prices; consumer credit change; NFIB Business Optimism index; the government's budget statement; and the final reading of May's wholesale inventories.
From next week, the UK will start publishing a monthly GDP reading in addition to the usual quarterly series. The GDP data will consist of both month-on-month and a rolling three-month figure for May. Other important releases are industrial production, trade balance and construction output.
Elsewhere in Europe, investors will turn their attention to ECB account of the June policy meeting following news that some officials are viewing September or October next year as a more suitable time to start raising rates, instead of December 2019. Regarding the economic calendar, key data include: Eurozone, France and Italy industrial production; Germany foreign trade and ZEW Economic Sentiment index; Sweden and Ireland inflation rates; and Poland interest rate decision.
In China analysts are eyeing the publication of inflation rate, producer prices and trade balance. Meanwhile, Japan is set to publish figures for machinery orders, current account and Tertiary Industry index; and Australia is releasing NAB Business Confidence and Westpac Consumer Confidence.
Other key highlights include: Canada interest rate decision, housing starts and new home prices; Mexico inflation rate; Brazil retail trade; Malaysia and South Korea interest rate decisions; India inflation and industrial output; and Singapore second-quarter GDP growth.