What to Expect this Week

This week, in the United States, we are looking for another drop in inflation caused by decline in gasoline prices. Also, May industrial production likely to go up as manufacturing payrolls increased and average workweek extended. In addition, housing starters and building permits data should give better overview what's going on in the housing sector.

In the Euro Area, industrial production is likely to increase for 11th consecutive month. In Japan, Bank of Japan is expected to keep current monetary policy unchanged. Yet, new credit facility to support small companies may be established. In the United Kingdom, inflation probably decreased slightly to 3.5% in May, but still stay above Bank of England target. Finally, in Switzerland, National Bank is likely to leave the target range for the three-month Libor unchanged.

6/13/2010 3:28:37 PM