After a somewhat busier day on the data front yesterday, investors will have little to digest over the course of today and tomorrow as very few economic releases are scheduled in. Things pick back up next week with a mix of employment data from the UK, plus inflation from the US and two big Central Bank decisions.
Yesterday we saw Germany’s monthly industrial production figures climb 0.3% (month-over-month in April). According to the Federal Statistical office, the growth in production was driven by the rebound in construction.
Meanwhile, pound watchers digested the monthly Halifax house price index on Wednesday, which remained unchanged in May, in line with market expectations.
Later this morning, investors will see the latest GDP estimates for the eurozone – both the year-on-year and quarter-on-quarter figures are set to be released at 10am.
Speaking of our neighbouring countries, travel disruptions are set to continue this summer. Security officers at Heathrow airport are due to participate in a fresh wave of strikes this summer. The strikes are set to take place between 24 June and 27 August.
US dollar watchers saw a flurry of data from lunchtime until the end of the business day yesterday. The key ones to watch included balance of trade, exports, imports as well as several releases from the U.S Energy Information Administration.
Yesterday was a testing day for some European equities which ended the businesses day lower. Germany’s DAX and the benchmark Stoxx 600 were both down 0.2%. On the other hand, some Spanish stocks saw success, with Spain’s IBEX 35 surging by nearly 6%. The IBEX 35 climbed to 9,359 on Wednesday, outperforming its regional peers.
Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
