Macro Data Impacting Asia June 7 - 11

This and previous notes can be found at asianmarketsense.com and onSubStack
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Inflation remains in focus this week, especially in the US with few remaining earnings and no Fed speakers (blackout ahead of next weeks FOMC meeting) although meme stocks still prominent. China and Taiwan also reporting inflation data this week. Foreign reserves out from a number of Countries with China’s likely to be the most closely watched.

Trade data from China, Taiwan, France and Germany.

We are also likely to get Chinese Loans data



Monday  7 June

AUSTRALIA  Services Index
JAPAN Foreign Exchange Reserves, Leading Economic Indicators
S KOREA 
No data due
TAIWAN No data due  
CHINA 
Balance of Trade, Exports, Imports, Foreign Exchange Reserves  
HONG KONG 
Foreign Exchange Reserves   
EUROZONE No data due
GERMANY Factory Orders
FRANCE No data due  
UK Halifax House Price Index, BBA Mortgage Rate
US Consumer Credit Change
Earnings Vail Resorts, Marvell Tech, Stitch Fix, Coupa Software

Tuesday  
AUSTRALIA  
New Home Sales, Business Confidence
JAPAN Ave Cash Earnings, Current Account, GDP data (Growth Rate, Price Index, Bank Lending, Private Consumption, Capital Expenditure)
S KOREA Current Account
TAIWAN Wholesale Prices, Inflation Rate, Balance of Trade, Exports, Imports
CHINA No data due
HONG KONG No data due  
EUROZONE Employment Change, GDP Growth Rate, ZEW Economic Sentiment Index  
GERMANY Industrial Production, ZEW Economic Sentiment & Current Conditions
FRANCE Balance of Trade, Current Account
UK No data due
US Balance of Trade, Exports, Imports, Redbook, JOLTs Openings, API Crude Oil Stock Change
Earnings Thor Industries, Casey’s General Stores, Navista

Wednesday 
AUSTRALIA  
Consumer Confidence Change & Index, Building Permits,
JAPAN Machine Tool Orders.
S KOREA 
Unemployment Rate, GDP Growth Rate
TAIWAN No data due  
CHINA 
Inflation Rate and PPI
HONG KONG 
No data due
EUROZONE 
No data due  
GERMANY 
Balance of Trade, Exports, Imports and Current Account.
FRANCE 
No data due  
UK 
No data due
US MBA Mortgage Applications and 30 yr Mortgage Rate, Wholesale Inventories, EIA Oil Report.
Earnings Chewy, Dave & Buster’s, Signet Jewelers, John Wiley

Thursday 
AUSTRALIA  
Consumer Inflation Expectations
JAPAN Foreign Stock and Bond Investment, PPI
S KOREA No data due
TAIWAN 
No data due
CHINA No data due but could get New Yuan Loans, Ourstanding Loan Growth, Total Social Financing, M2 Money Supply 
HONG KONG 
No data due
EUROZONE 
ECB Rate Decision
GERMANY No data due  
FRANCE 
Non Farm Payrolls, Industrial Production
UK No data due
US Core Inflation Rate, Inflation Rate, Initial Claims, 4 week Average Claims, Continuing Claims, EIA Natural Gas Report, WASDE report, Monthly Budget Statement 

Friday 
AUSTRALIA  
No data due
JAPAN  BSI Large Manufacturing
S KOREA Import Prices
TAIWAN 
No data due
CHINA No data due Could get Vehicle Sales 
HONG KONG 
No data due
EUROZONE No data due
GERMANY 
Bundesbank Semi Annual Forecasts
FRANCE 
IEA Oil Report
UK 
Construction Output, Industrial & Manufacturing Production, GDP 3-month average, Goods Trade Balance, GDP, NIESR monthly GDP tracker
US Michigan Data Prelim (Current Conditions, Inflation Expectations, Consumer Sentiment, 5year Inflation Expectations, Consumer Expectations) Baker Hughes Rig Count.