Market moving info — week starting June 12, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting June 12, 2017.

Last week:          

  • The UK Conservative party lost the majority it had in parliament following snap elections called by Prime Minister Theresa May in a desire to strengthen her majority ahead of Brexit negotiations. The pound fell on the result as investors weighed the consequences, while the FTSE 100, dominated by exporting companies, rose.

This week:

Monday, June 12

Europe:

  • Results for the first round of French presidential elections.
  • Italy industrial production for April.

US:

  • Federal budget balance for May.

Rest of the world:

  • China new yuan loans.
  • Japan core machinery orders for April.
  • Japan producer price inflation for May.
  • India consumer price inflation for May.

Corporate events:

  • Crest Nicholson, Mitie, Dominion Diamond earnings.

Tuesday, June 13

Europe:

  • Eurozone ZEW economic sentiment for June.
  • Germany ZEW economic sentiment for June.
  • Spain consumer price inflation for May.
  • UK consumer price inflation for May.

US:

  • Producer price inflation for May.

Rest of the world:

  • Australia business confidence for May.
  • Japan large manufacturing conditions for the second quarter.
  • Brazil retail sales for April.

Corporate events:

  • Ashtead Group, H&R Block earnings.

Wednesday, June 14

Europe:

  • Eurozone industrial production for April.

US

  • Weekly mortgage applications data from the Mortgage Bankers Association.
  • Weekly crude inventories.
  • Consumer price inflation for May.
  • Retail sales for May.
  • Federal Open Markets Committee meeting on interest rates.

Rest of the world:

  • China retail sales for May.
  • China industrial production for May.

Corporate events:

  • Charles Stanley Group, Purplebricks Group, Oracle earnings.

Thursday, June 15

Europe:

  • Eurogroup meeting.
  • Eurozone trade balance for April.
  • UK retail sales for May.
  • Bank of England interest rate decision.

US:

  • Weekly natural gas inventories.
  • Weekly jobless claims.
  • Empire State manufacturing index for June.
  • Philadelphia Fed index for June.
  • Industrial production for May.

Rest of the world:

  • Australia unemployment for May.
  • Canada manufacturing sales for April.

Corporate events:

  • Majestic Wine, Bob Evans earnings.

Friday, June 16

Europe

  • Eurozone consumer price inflation for May (final).
  • Eurozone wages for the first quarter.
  • EU finance ministers’ meeting – ECOFIN.

US

  • Housing starts for May.
  • Building permits for May.
  • Michigan University consumer sentiment for June.

Rest of the world:

  • Bank of Japan interest rate decision.

Corporate events:

  • Record PLC earnings.