Trade Balance. Germany, 08:00 (GMT+2) 05 Jun

05Jun.202307:00

Trade Balance. Germany, 08:00 (GMT+2)

The data on the Trade Balance in Germany for April will be released at 08:00 (GMT+2). This indicator captures the difference between the amount of payments for exported and imported goods. If the growth of the indicator from the current 16.7B euros continues, this may support the quotes of the single currency of the eurozone.

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05 Jun. 2023 02:45

Caixin Manufacturing PMI. China, 03:45 (GMT+2)

At 03:45 (GMT+2) May data on Caixin Manufacturing PMI will be published in the PRC. The indicator is compiled from the enterprises' responses about their purchasing activities and supply situations. At the same time, the attitude of purchasing managers to the current economic situation and prospects for its further development is evaluated. The indicator is expected to grow from the current 56.4 points to 57.3 points, which, in turn, may have a positive impact on the yuan quotes.

05 Jun. 2023 07:30

Consumer Price Index. Switzerland, 08:30 (GMT+2)

At 08:30 (GMT+2) in Switzerland, the May data on the Consumer Price Index will be released. This is the main indicator of the inflation rate in the region, which reflects the change in the level of retail prices for a certain "basket" of goods and services: food, transport, utilities, healthcare, and so on. The index has a significant impact on the decisions of the Swiss National Bank on monetary policy. On an annualized basis, the indicator is likely to grow from 2.6% to 2.8%.

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