Gross domestic product. EU, 11:00 (GMT+2) 08 Jun

08Jun.202310:00

Gross domestic product. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), preliminary Q1 data on the gross domestic product (GDP) of the EU countries will be released. It is the main indicator reflecting the state of the national economy, which considers domestic consumption, investment, government spending, and exports. The ratio is expected to decline from 0.1% to 0.0% QoQ.

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08 Jun. 2023 10:00

Employment change. EU, 11:00 (GMT+2)

At 11:00 (GMT+2) in the EU, data on the change in employment for the first quarter of 2023 will be published. This indicator captures changes in the number of employed citizens and is the key indicator of the national labor market. It is expected that the indicator will remain at 1.7% YoY and 0.6% QoQ, which, in turn, may support the euro.

08 Jun. 2023 13:30

Initial jobless claims. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), weekly data on the number of initial jobless claims will be released in the US. The indicator measures the number of people who applied for the first time during the past week. The data is collected by the Department of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the employment sector since an increase in the value means fewer people are hired. It is expected that the indicator will grow from 232.0K to 238.0K.

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