Important Events This Week June 24-28

This week is a fairly quiet one compared to the previous one, which featured important CPI and PPI from both sides of the Atlantic, as well as Fed Chairman’s Bernanke that led to a strong rally by the USD. Here are some events worth checking out for this week, June 24-28:

Event: Gross Domestic Product (Q1) – United States

Date: June 26, 2013

Time: 12:30pm (GMT)

What It Is About and Why It’s Important

On Wednesday we shall see whether there will be a change in the US GDP for the first quarter of the year. The previous figure was at 2.4%, which analysts expect to remain steady.

Event: Unemployment Change (June) - Germany

Date: June 27, 2013

Time: 7:55 am (GMT)

What It Is About and Why It’s Important

Germany previously had a dramatic rise in its unemployment change figures, which went from April’s 6K to 21K in May. Analysts, however, expect the numbers to dip in June, moving to just 7K.

Event: Unemployment Rate s.a. (June) - Germany

Date: June 27, 2013

Time: 7:55am (GMT)

What It Is About and Why It’s Important

The unemployment rate in Europe’s biggest economy has remained flat at 6.9% since September 2012, and analysts do not see it changing on Thursday’s announcement.

Event: Gross Domestic Product (QoQ & YoY, Q1) – United Kingdom

Date: June 27, 2013

Time: 8:30am (GMT)

What It Is About and Why It’s Important

The UK is also set to announce its QoQ & YoY GDP figures for Q1 on Thursday. The current QoQ number is at 0.3%, which has remained flat since April. Meanwhile, the YoY number is at 0.6%, which also has not changed since April.

Event: National Consumer Price Index & National CPI Ex Food, Energy (YoY, May) – Japan

Date: June 27, 2013

Time: 11:30pm (GMT)

What It Is About and Why It’s Important

Analysts have no consensus yet on Japan’s National CPI and CPI Ex Food and Energy, but the current figures are at -0.7% and -0.6%, respectively.

Event: Consumer Price Index & Harmonised Index of Consumer Prices (YoY, June) – Germany

Date: June 28, 2013

Time: 12:00pm (GMT)

What It Is About and Why It’s Important

Germany’s current CPI is at 1.50%, a figure that has not changed since the end of May, while its harmonised index of consumer prices has dropped from 1.70% in 29 May to 1.6% in 12 June.