Inflation in May was bad. These 7 things got way more expensive
Wednesday, June 10,2026,18:14
In case your credit card statement hadn't already made it clear, new federal data confirmed it on Wednesday: Inflation is back. .. read more..
Ten-Year Note Auction Attracts Above Average Demand
Wednesday, June 10,2026,17:08
The Treasury Department continued this week's series of announcements of the results of its long-term securities auctions on Wednesday, revealing this month's sale of $39 billion worth of ten-year notes attracted above average demand. .. read more..
Greece Industrial Output Growth Eases in April
Wednesday, June 10,2026,17:00
Industrial output in Greece rose 2.1% year-on-year in April 2026, easing from a downwardly revised twenty-month high of 8.2% in the previous month. Manufacturing growth slowed to 1.0% from 5.5%, reflecting weaker production in food products (0.8% vs 8.9%), textiles (10.4% vs 11.0%), wearing apparel (4.9% vs 14.8%), and chemicals (0.2% vs 3.6%). Additionally, production ... .. read more..
BOC's Macklem: Not a lot has changed since last decision, there haven't been ...
Wednesday, June 10,2026,14:55
Any Bank of Canada decision on a possible rate hike is less about a timeline and more about conditions Macklem notes that core inflation has ticked down Bank would also look at inflation expectations when mulling a possible rate hike Weakness of Canadian economy tends to put downward pressure on prices Canadian economy is not clearly in a recession Economy hasn’t really grown in the last year but it hasn’t shrunk either Bank of Canada senior deputy governor Carolyn Rogers says risks to the economy are about where we saw them last time BOC’s Rogers: We’ve got the rate where we think it needs to be right now Even with a successful USMCA review, you can’t be certain about anything This artic... .. read more..
U.S. Crude Oil Inventories Slump Much More Than Expected
Wednesday, June 10,2026,14:36
Crude oil inventories in the U.S. decreased by much more than expected in the week ended June 5th, according to a report released by the Energy Information Administration on Wednesday. .. read more..
Bank Of Canada Leaves Interest Rates Unchanged Once Again
Wednesday, June 10,2026,14:10
In a widely expected move, the Bank of Canada announced on Wednesday that it has once again decided to leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent. .. read more..
U.S. Consumer Prices Increase 0.5% In May, In Line With Estimates
Wednesday, June 10,2026,13:59
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of May. The Labor Department said its consumer price index rose by 0.5 percent in May after climbing by 0.6 percent in April. The price growth matched expectations. .. read more..
The full statement and Governors statement from the Bank of Canada rate decision
Wednesday, June 10,2026,13:46
The full statement from the Bank of Canada. The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The conflict in the Middle East is now in its fourth month. The resulting increases in energy prices and disruptions in global supply chains are weighing on global economic growth and pushing up inflation. At the same time, the US administration continues to propose new tariffs and trade policy uncertainty remains elevated. In the United States, economic growth remains solid, supported by consumption and AI‑related investment. In the euro area, growth is subdued, with higher energy prices weighing on activity. China... .. read more..
Bank of Canada holds as expected but continues to highlight risks of oil pric...
Wednesday, June 10,2026,13:45
Prior was 2.25% Rates have been held steady since a cut in October The war is weighing on global economic growth and pushing up inflation the US administration continues to propose new tariffs US economic growth remains solid supported by consumption and AI‑related investment In the euro area, growth is subdued Global equity markets have been buoyant Looking through monthly volatility, employment in Canada is little changed since the start of the year Recent data suggests that growth will resume in the second quarter but, even with some rebound, the economy is expected to remain in excess supply Q1 GDP edged down and was weaker than forecast So far, there has been limited evidence of broa... .. read more..
U.S. Consumer Prices Increase In Line With Estimates In May
Wednesday, June 10,2026,12:38
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of May. .. read more..
Oil Reserves Report from the US Department of Energy's Energy Information Adm...
Wednesday, June 10,2026,12:30
At 16:30 (GMT+2), the US Energy Information Administration (EIA) will publish a weekly Crude Oil Inventories report containing data on changes in the volume of crude oil, as well as gasoline and distillates in the US. The previous reading showed a correction from −3.327M barrels to −7.974M barrels, and a continuation of this trend may lead to increased downward pressure on energy prices. Read more .. read more..
Interest Rate Decision. Canada, 15:45 (GMT+2)
Wednesday, June 10,2026,11:45
At 15:45 (GMT+2), the Bank of Canada is scheduled to announce its interest rate decision. The regulator is expected to set the value at around 2.25%. The accompanying statement may include an assessment of the current economic situation and the near-term outlook for the Canadian economy, as well as indications of potential future actions by the financial authorities. Read more .. read more..
Bulgarian Industrial Output Shrinks 4.1% In April
Wednesday, June 10,2026,11:38
Bulgaria's industrial production decreased in April after recovering in the previous month. Industrial production fell 4.1 percent year-on-year in April, reversing a 4.7 percent increase in March, which was the first expansion in sixteen months. The downturn was mainly driven by a 33.8 percent plunge in mining and quarrying production. .. read more..
Slovakia Industrial Production Falls 3.2%
Wednesday, June 10,2026,11:19
Slovakia's industrial production decreased for the third straight month in April amid weaker performance in the manufacture of motor vehicles and basic metals. Industrial production fell 3.2 percent year-on-year in April, which was worse than the 0.8 percent decline in March. The manufacture of coke and petroleum products plunged 11.34 percent from last year. .. read more..
Austria Production Index Rises 0.6%
Wednesday, June 10,2026,11:03
Austria's production index expanded for the second straight month in April. The production index, which combines industry and construction, advanced 0.6 percent year-over-year in April, faster than the 0.2 percent rise in the prior month. Industrial production grew 0.4 percent from last year, and construction output logged a growth of 1.6 percent. .. read more..
Denmark Inflation Rises To 1.9% In May
Wednesday, June 10,2026,10:30
Denmark's consumer price inflation increased further in May to the highest level in five months. The consumer price index rose 1.9 percent year-over-year in May, faster than the 1.4 percent increase in April. The higher inflation in May was mainly driven by restaurants and hotels, where charges were 4.9 percent more expensive. .. read more..
Consumer Price Index. USA, 14:30 (GMT+2)
Wednesday, June 10,2026,10:30
At 14:30 (GMT+2), the US will publish May data on the consumer price index, which is the main indicator of the country's inflation rate and determines the change in the level of retail prices for a certain “basket” of goods and services: food, transport, utilities, health care and others, and also has a significant impact on the decisions on monetary policy. The value is likely to decrease from 0.6% to 0.3% MoM, and from 3.8% to 4.2% YoY, while the base indicator will adjust from 0.4% to 0.5% MoM and from 2.8% to 2.9% YoY, respectively, which is expected to... Read more .. read more..
China’s May shipments to U.S. clock 5-year high growth at 35% as overall expo...
Wednesday, June 10,2026,10:00
China’s trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war, with U.S.-bound shipment logging the strongest jump in five years. Overall exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% ... .. read more..
Strong jobs market prompts Goldman Sachs to push Fed cuts into 2027
Wednesday, June 10,2026,10:00
Goldman Sachs has pushed its Federal Reserve rate cut forecast into 2027, saying a stronger-than-expected labor market has removed the urgency for the central bank to act this year. The bank’s economist David Mericle now expects the final two cuts in their Fed forecast to come in June and December of 2027, having previously penciled ... .. read more..
BOJ governor Ueda has been hospitalised, expected to be absent from next week...
Wednesday, June 10,2026,09:44
Given the circumstances, BOJ deputy governor Himino will be the one to chair the monetary policy meeting next week. Policymakers will be convening for the two-day meeting with the decision set to be announced on 16 June. As for the press conference duty, that will be delegated to BOJ deputy governor Uchida instead. I don't expect this to change anything for the BOJ in terms of how the interest rate decision will play out. They are still widely expected to raise the policy rate by 25 bps to 1%. The only question now is will Uchida step in to communicate a more hawkish undertone to follow up on the decision. If not, the yen currency might find itself in trouble still and that could prompt t... .. read more..
Czech Inflation Confirmed At 2.1%
Wednesday, June 10,2026,09:42
The Czech Republic's consumer price inflation moderated as estimated initially in May from a 6-month high in the previous month. Consumer prices climbed 2.1 percent year-over-year in May, slower than the 2.5 percent increase in April. Prices for food and non-alcoholic beverages declined at a faster pace of 1.9 percent. Monthly, consumer prices edged up 0.1 percent. .. read more..
Italy Industrial Production Rises For Third Month
Wednesday, June 10,2026,09:22
Italy's industrial production increased for the third straight month in April, the statistical office ISTAT said Wednesday. .. read more..
Rachel Reeves plans 'direct attack' on British workers – 'makes things worse!'
Wednesday, June 10,2026,09:06
The Chancellor will ensure people from the UK are 'locked out' of their own domestic job market, it has been claimed .. read more..
Norway Inflation At 3-Month Low
Wednesday, June 10,2026,08:06
Norway's consumer price inflation eased to a three-month low in May, while core inflation accelerated to its highest level since January, data from Statistics Norway showed Wednesday. .. read more..
Swedish GDP Rises 0.5% In April; Industrial Output Growth Accelerates
Wednesday, June 10,2026,07:54
Sweden's economy expanded for the second straight month in April, and industrial production growth quickened to the strongest level in seven months. Gross domestic product advanced 0.5 percent monthly in April, slower than the 1.5 percent rise in March. The annual economic growth moderated to 2.4 percent in April from 2.8 percent in the previous month. .. read more..
Finland Industrial Production Growth Eases In April
Wednesday, June 10,2026,07:27
Finland's industrial production growth moderated sharply in April. Industrial output rose 1.9 percent year-over-year in April, slower than the downwardly revised 7.1 percent surge in March, which was the quickest growth in eleven months. Output produced in the manufacturing sector logged a slower expansion of 1.1 percent versus 5.7 percent in March. .. read more..
China Inflation Steady At 1.2%; PPI Inflation Accelerates On Energy Prices
Wednesday, June 10,2026,07:21
China's consumer prices logged a steady growth in May and producer price inflation accelerated to its highest level in nearly four years on higher energy costs, official data showed Wednesday. Consumer prices increased 1.2 percent year-on-year in May, the same rate as seen in April, the National Bureau of Statistics said. .. read more..
Dutch Industrial Output Grows Most Since October 2022
Wednesday, June 10,2026,06:51
The Netherlands' industrial production growth accelerated to the highest level in three-and-a-half years. Industrial production advanced 4.7 percent year-on-year in April, faster than the 1.9 percent increase in March. The machinery industry once again achieved the largest increase in production, which surged by 21.6 percent. .. read more..
China Inflation Stable At 1.2%
Wednesday, June 10,2026,05:01
China's consumer prices logged a steady growth in May and producer price inflation accelerated, official data showed Wednesday. .. read more..
BOJ to raise interest rates to 1% in June meeting - poll
Wednesday, June 10,2026,04:51
66 of 70 economists (~94%) forecast the BOJ to raise its policy rate to 1% in June (previously ~65%) 68 of 69 economists (~99%) expect policy rate to reach at least 1% by the end of September 53 of 67 economists (~79%) expect the BOJ to raise its policy rate to 1.25% in Q4 2026 Adding to the projections above, roughly two-thirds of economists also now expect the policy rate to reach 1.50% by Q2 next year. That brings forward the expectations of such a target, which was projected for Q3 next year in May. As things stand, traders are pricing in ~87% odds of a rate hike next week already. So, it is very much a done deal. That especially given the many "leaks" we have seen in recent days. It ... .. read more..
PBOC sets USD/ CNY central rate at 6.8130 (vs. estimate at 6.7749)
Wednesday, June 10,2026,01:15
The People's Bank of China allows the yuan to fluctuate within a +/- 2% range, around this reference rate. Injects 159bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com. .. read more..
PBOC is expected to set the USD/CNY reference rate at 6.7749 – Reuters estimate
Wednesday, June 10,2026,00:30
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the midpoint based on a range of inputs. These include the previous day’s closing price, movements in major ... .. read more..
Japan Producer Prices Jump 0.9% In May
Wednesday, June 10,2026,00:22
Producer prices in Japan were up 0.9 percent on month in May, the Bank of Japan said on Wednesday. .. read more..
Building Permits. Australia, 03:30 (GMT+2)
Tuesday, June 9,2026,23:30
At 03:30 (GMT+2), April data on the number of building permits issued monthly by the government for the construction of real estate, which is one of the most important market indicators, is due. The indicator will be adjusted from −10,5% to −3,4% MoM, and from 9,00% to 10,20% YoY, while the value for private homes will move from 0,9% to −0,1%. Read more .. read more..
Consumer Price Index. China, 03:30 (GMT+2)
Tuesday, June 9,2026,23:30
At 03:30 (GMT+2) in China, May data on the consumer price index will be published, which is a key indicator of inflation in the country, reflecting changes in retail prices for a certain basket of goods and services (food, transport, utility costs, healthcare, etc.). It has a significant impact on monetary policy decisions. If the indicator rises from 1.2% YoY and from 0.3% MoM, it may influence the monetary authorities’ decisions regarding potential interest rate adjustments. Read more .. read more..
Producer Price Index. China, 03:30 (GMT+2)
Tuesday, June 9,2026,23:30
At 03:30 (GMT+2), China will publish May data on the producer price index (PPI), one of the main indicators of inflation, recording changes in the cost of goods and services sold, as well as the costs of their production. The value is likely to grow from 2,8% to 3,8% YoY, which is expected to support the position of the national currency. Read more .. read more..
China Inflation Data Due On Wednesday
Tuesday, June 9,2026,22:01
China will on Wednesday release May figures for consumer and producer prices, highlighting a light day for Asia-Pacific economic activity. .. read more..
Corporate Goods Price Index. Japan, 01:50 (GMT+2)
Tuesday, June 9,2026,21:50
At 01:50 (GMT+2), in Japan, May data on the corporate goods price Index will be released, tracking changes in the cost of goods purchased by domestic corporations. The value is likely to adjust from 2.3% to 0.5% MoM and from 4.9% to 5.7% YoY. Read more .. read more..
US Small Business Optimism Lowest Since 2024
Tuesday, June 9,2026,21:00
The NFIB Small Business Optimism Index in the US decreased to 95.3 in May 2026, the lowest since October 2024, compared to 95.9 in April and forecasts of 96. “More small business owners are struggling with significant and unpredictable hikes in fuel prices, which are more challenging for small businesses to pass on to their ... .. read more..
German industrial production defied worst-case fears in April, but stagnation...
Tuesday, June 9,2026,21:00
German industrial production improved somewhat in April, but clearly too little to start discussing whether German industry is defying the economic fallout of the war in the Middle East. Instead, the just-released industrial data for April illustrate the struggle of German industry to gain momentum this year. While industrial production increased by 0.4% month-on-month in ... .. read more..
German Imports Hit Highest Since November 2022
Tuesday, June 9,2026,21:00
Germany’s imports rose 1.2% month-on-month to €122.1 billion in April 2026, marking the highest level since November 2022. However, growth slowed markedly from a downwardly revised 4.5% increase in the previous month. Imports from EU member states edged up 0.4%, supported by a 2.2% rise in purchases from euro-area countries, which offset a 3.4% decline ... .. read more..
US Job Growth Eases but Remains Strong
Tuesday, June 9,2026,21:00
US private employers added an average of 29,000 jobs per week in the four weeks ending May 23, 2026, according to the ADP Research Institute, a slight decrease from the 30,500 weekly gain in the prior period. This marks the third consecutive week of easing job growth. However, last week’s ADP monthly report for May ... .. read more..
China trade outperforms amid tech boom and US rebound
Tuesday, June 9,2026,21:00
Exports saw big boost from recovery of exports to US China’s exports rose by 19.3% year-on-year in May (market forecast 15.0%, ING 19.4%), which was up from 14.1% YoY in April. This is in line with our forecast, though stronger than market forecasts. The increase marked a 3-month high, and brought the year-to-date export growth ... .. read more..
Inflation beating pay rises in Europe: Where are workers losing the most?
Tuesday, June 9,2026,21:00
As inflation surges across Europe following the recent Middle East conflict, advertised pay growth in the eurozone is failing to keep up, causing workers’ real earnings and purchasing power to fall. Prices are rising again across Europe, but pay is not keeping up. Inflation in the EU reached 3.2% in April 2026, its highest level ... .. read more..
U.S. trade deficit narrows in April as exports grow
Tuesday, June 9,2026,21:00
The U.S. trade balance narrowed in April, with exports growing more than imports, thanks to an uptick in the outflow of capital goods and industrial supplies. The trade deficit for the month sank by 1.2% to $55.9 billion, according to data from the Commerce Department’s Bureau of Economic Analysis on Tuesday. March figures, meanwhile, were ... .. read more..
Wholesale inventories rise slightly, surpassing expectations
Tuesday, June 9,2026,21:00
The latest data on wholesale inventories has been released, showing a modest increase that exceeded market forecasts. Wholesale inventories, which gauge the change in the total value of goods held by wholesalers, rose by 0.6%. This figure is slightly above the anticipated forecast of 0.5%. This increase in wholesale inventories is noteworthy as it surpasses ... .. read more..
U.S. existing home sales surpass expectations, indicating housing market resi...
Tuesday, June 9,2026,21:00
In a surprising turn of events, the latest data on U.S. existing home sales has exceeded market expectations, suggesting a robust housing market despite ongoing economic uncertainties. The report, which measures the annualized number of existing residential buildings sold in the previous month, revealed that sales reached 4.17 million units. This figure not only surpasses ... .. read more..
API Weekly Crude Oil Stocks. USA, 22:30 (GMT+2)
Tuesday, June 9,2026,18:30
At 22:30 (GMT+2), the American Petroleum Institute (API) will publish its weekly report on oil reserves, gasoline volumes, and distillates. Last time, inventories showed a revision from –2.800M barrels to –6.750M barrels of crude oil, and a continuation of this trend is likely to support the upward trajectory in energy prices. Read more .. read more..
Bank of Canada preview: Macklem facing a stagflationary headache
Tuesday, June 9,2026,17:37
The Bank of Canada will deliver its latest interest rate decision on Wednesday and almost surely hold rates steady at 2.25%, the same place where rates have been since a cut in October. The market also sees very little chance of a rate hike at the July 15 meeting so there is no needs for the BOC to tip its hat.Looking further out, the market prices a 64% chance of a hike in October and is pricing in 35.5 bps of hikes by year end. That's the backdrop heading into the decision slated for 9:45 am ET on Wednesday and note that there is no scheduled press conference but there will be a published statement from Governor Tiff Macklem. In April, the BOC assumed oil prices decline to $75 by mid-20... .. read more..
Three-Year Note Auction Attracts Average Demand
Tuesday, June 9,2026,17:06
Kicking off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Tuesday revealed this month's auction of $58 billion worth of three-year notes attracted average demand. .. read more..