Wednesday is a busy day, so let’s see which news releases are worth a closer look.
German GfK Consumer Confidence for July is up first at 6 AM. The Index rose to a 10-month high in May, and this release is expected to show a similar reading as it would not yet include the impact of the Brexit vote.
Swiss UBS Consumption Indicator for May is out at the same time. The Index inched higher in April, pushed higher by car sales and domestic tourism.
UK Mortgage Approvals for May follow at half past 8. The number of approvals fell more than expected in April, reaching a 12-month low.
The closely watched German Preliminary CPI for June will be released at noon. The annual CPI climbed back above zero in May on the back of higher services prices.
Another high importance release, namely, US Personal Income and Spending for May, comes at 12:30 PM GMT. Spending surprised on the upside in April, posting the strongest growth in more than six years, while income continued to grow at a steady pace.
US Pending Home Sales for May are scheduled at 2. Sales surged in April and now stand at their highest level in 10 years.
Coming up next at 10:45 in the evening are the New Zealand Building Permits for May. The number of permits rebounded in April, partially offsetting a 9.7% drop the previous month.
UK Consumer Confidence for June follows at 11:05. The Index gained 2 points in May but it still remains in the negative territory.
Japanese Preliminary Industrial Production for May is out at 11:50. Industrial output continued to increase in April but at a slower pace than the 3.8% gain the previous month.
New Zealand Business Confidence for June comes at 1 AM. Confidence continued to improve in May as the Index reached a four-month high.
And Japanese Housing Starts for May are out at 5. The April data came in stronger than expected, posting the strongest growth in 10 months.
I’m Celeste Skinner and you’ve been watching the Economic Calendar for Wednesday, the 29th of June. Check back in for the next overview of news releases for Thursday. Goodbye.
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