A light calendar session ahead before we get to US retail sales data
Happy Friday, everyone! Hope you're all doing well as we get into the final trading day of the week. It's been quite the lively start to proceedings with the aussie and kiwi marked lower in Asia Pacific trading so far.
The former is weighed down on more calls/chatter about further rate cuts by the RBA while the latter is being beaten down - much like it has been the whole week - with a softer manufacturing PMI data earlier not helping.
Looking ahead, the broader scope of markets will be more focused on the US retail sales data release later, which market participants will try to draw some inference about the US economy and prospects of a Fed rate cut over the next two months.
0600 GMT - Germany May wholesale price index
Prior release can be found here. The index measures the value of sales made by wholesalers in Germany, it provides an indicator of consumption and retail pattern. A minor data point.
0645 GMT - France May final CPI figures
Preliminary figures can be found here. As this is the final release, it isn't expected to produce much - if any - impact unless the readings substantially deviate from initial estimates.
0900 GMT - Italy May final CPI figures
Preliminary figures can be found here. Similar to the French reading, unless the final readings here are very much different from initial estimates, they shouldn't offer anything new to markets with regards to the current euro area inflation outlook.
In between those releases, we'll have key Chinese data due at around 0700 GMT as well. Eamonn had a primer on that earlier here. I wish you all the best of days to come and good luck with your trading!
