The week will be a fairly quiet one, with a combination of reports from Europe, Japan, the United States, and Canada. Here are the details of these events:
Event:BoJ Monetary Policy Meeting Minutes – Japan
Date:May 25, 2014
Time:11:50pm (GMT)
What It Is About and Why It’s Important
This event happens on early Monday morning in Japan. This reviews economic developments in and out of the country, and has an effect on the BoJ’s future fiscal policy.
Event:GDP (QoQ/YoY, Q1) – Switzerland
Date:May 27, 2014
Time:5:45am (GMT)
What It Is About and Why It’s Important
Slight improvements are expected from Switzerland’s GDP, wherein it is seen to have gone up by 2.1 per cent over the past 12 months, and by 0.6 per cent over the previous quarter.
Event:Unemployment Change/Rate (May) – Germany
Date:May 28, 2014
Time:7:55am (GMT)
What It Is About and Why It’s Important
While Germany’s Unemployment Rate is expected to remain steady at 6.7 per cent, a further contraction of 15K in its number of its unemployed people is also seen in May.
Event:GDP Index/Annualised(Q1) – United States
Date:May 29, 2014
Time:12:30pm (GMT)
What It Is About and Why It’s Important
The US GDP is expected to be slightly lower in Q1, with its Index going up only by 1.3 per cent (previously 1.6 per cent), and its Annualised GDP is seen to contract by 0.2 per cent (previously up by 0.1 per cent).
Event:CPI data (YoY, Apr) – Japan
Date:May 29, 2014
Time:11:30pm (GMT)
What It Is About and Why It’s Important
The event, which will include the National CPI and Tokyo CPI, will certainly add an ounce of volatility in the yen, so don’t miss this.
Event:GDP/GDP Annualised (MoM, Mar/QoQ, Q1) – Canada
Date:May 30, 2014
Time:12:30pm (GMT)
What It Is About and Why It’s Important
Canada will cap off the week with its GDP data. The Annualised GDP is currently at 2.9 per cent, while the GDP is currently at 0.2 per cent.
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