You’re watching the Economic Calendar for Wednesday, the 7th of June. Let’s see which news releases stand out.
German Factory Orders for April are out at 6 AM, and the March data showed continued growth as gains in foreign orders reversed a drop at home.
Swiss National Bank will publish its foreign currency reserves data for May at 7. Reserves have been steadily increasing for the past three months, suggesting a strong and ongoing intervention in the markets.
UK Halifax House Price Index for May follows half an hour later. Home prices inched lower in April, reflecting a decrease in demand.
Coming up next at 12:30 PM GMT are the Canadian Building Permits for April. The number of permits has been declining for the past two months, mainly on the back of a decline in multi-family housing.
US Consumer Credit for April is out at 7 o’clock in the evening, and the March data showed a strong growth in borrowing, driven by student and car loans.
UK RICS House Price Balance for May will be available at 11:01. The Index has stood at the same level for the past 3 months.
The final reading of Japanese first quarter GDP comes at 11:50. The preliminary estimate suggests the Japanese economy has picked up speed, and it could be revised upwards.
And Australian Trade Balance for April is scheduled at 1:30 AM. There has been a trade surplus for the last 5 months, but it did narrow in March as exports could not keep up with imports.