JANET YELLEN HEADLINES ANOTHER BUSY WEEK FOR CENTRAL BANK SPEAKERS
Yellen speaks in London
Federal Reserve Chair Janet Yellen headlines a busy week for FED speakers, with ECB head Mario Draghi and BOE Governor all delivering key speeches.
On Tuesday Janet Yellen will deliver a keynote speech on global economic issues in London, and will also take questions from members of the audience.
Philadelphia Reserve Bank President Patrick Hawker is also speaking in London, with James Bullard, the President of the Federal Reserve Bank of St. Louis speaking later on Thursday.
Monday June 26, U.S Core Durable Goods Orders
Core durable goods orders for the United States are released on Monday, with the report expecting to show a increase in manufacturing activity after last month's disappointing -0.5 reading.
The report is particularly important, as the Trump administration attempts to create manufacturing jobs and revive an industry that was once the main driver for the United States economic growth.
European Central Bank President Mario Draghi will also be speaking after the European market close.
Tuesday June 27, UK Financial Stability Report
The Bank of England release the financial stability report, which shows the BOE's view on the current stability of the UK financial system, and assessment of developments that have influenced the financial system. BOE Governor Mark Carney with also be delivering a key speech, giving his thoughts on the financial stability report, shortly after it is released.
We also see the release of U.S consumer confidence data for June, which measures the level of consumer confidence in economic activity across the United States.
Janet Yellen will also deliver a key speech on the global economy, in London.
Wednesday June 28, U.S Pending Home Sales
United States pending home sales are forecast to rise for the month of May, as U.S housing data starts to improve in the second fiscal quarter.
Pending home sales measures the change in the number of homes under contract to be sold, but still awaiting the closing transaction, excluding new construction.
Thursday June 29th, U.S Q1 Gross Domestic Product
The United States economy releases first quarter gross domestic product figures, which are expected to show an increase of 1.2%.
The report is highly valued by economist and traders, as it shows the change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
Friday June 30th, Eurozone Consumer Price Index
European inflation data for the month of June is released on Friday, with the CPI reading expected to show slowing inflation across the eurozone.
Slowing CPI for Eurozone creates problems for the European Central Bank policy makers, who are expected to taper down monetary stimulus later this year, a lower than expected inflation reading is also bearish for the euro currency.