Important Events This Week June 9-13, 2014

This week’s major events will be centred in the United Kingdom and the Asia Pacific region. Find out more about these events below:

Event:CPI Data – China

Date:June 10, 2014

Time:1:30am (GMT)

What It Is About and Why It’s Important

China will release its CPI data for May, which is expected to perform slightly better than the previous month. Its 12-month growth is expected to be at 2.4 per cent (previously 1.8 per cent), while a contraction by 0.1 per cent is seen (previously -0.3 per cent) compared to the previous month.

Event:NIESR GDP Estimate (3M, May) – United Kingdom

Date:June 10, 2014

Time:2:00pm (GMT)

What It Is About and Why It’s Important

Released by the National Institute of Economic and Social Research, this provides an estimate of the growth of the country’s economy over the past 3 months. The previous estimate was at 1 per cent.

Event:Employment Data (June) – United Kingdom

Date:June 11, 2014

Time:8:30am (GMT)

What It Is About and Why It’s Important

The UK is set to release a number of employment-related data for April, including the 3-month ILO Unemployment Rate, which is seen to be at 6.7 per cent, slightly lower than the previous 6.8 per cent.

Event:RBNZ Interest Rate Decision – New Zealand

Date:June 11, 2014

Time:9:00pm (GMT)

What It Is About and Why It’s Important

The Reserve Bank of New Zealand (RBNZ) is largely expected to raise rates this month. Thus, expectations are that the rates would be at 3.25 per cent after the announcement. It is currently at 3 per cent.

Event:Employment Data (May) – Australia

Date:June 12, 2014

Time:1:30am (GMT)

What It Is About and Why It’s Important

Australia’s employment data is expected to be slightly weaker than the previous month, with employment change seen to be at 10,000 (previously 14,200), while the unemployment rate is seen to be slightly up at 5.9 per cent (currently 5.8 per cent).

Event:BoJ Interest Rate Decision – Japan

Date:June 13, 2014

Time:3:00am (GMT)

What It Is About and Why It’s Important

Japan will announce its interest rate decision on early Friday, Japan time. It is currently at 0.1 per cent.