Americas

In the US, attention next week will focus on May personal income and spending data, along with the Fed’s preferred inflation gauge, the PCE price index. Personal spending is expected to increase 0.6%, up from a 0.5% gain in April, while personal income is forecast to rise 0.4% after being unchanged in the previous month. On the inflation front, core PCE is projected to climb 0.3% month-over-month, accelerating from 0.2% in April and keeping the spotlight on underlying price pressures. Notably, the Federal Reserve raised its inflation forecasts for 2026 in its latest economic projections. Meanwhile, durable goods orders are expected to fall 4.7% after surging 7.9% in April. Preliminary S&P Global PMI surveys for June will also be closely watched, with services activity expected to strengthen further, while manufacturing growth is seen moderating slightly. Other key releases include new home sales, the third estimate of first-quarter GDP, the final University of Michigan consumer sentiment reading, final corporate profits, the first-quarter current account balance, advance trade data, wholesale inventories, the Chicago Fed National Activity Index, and the Richmond Fed and Kansas City Fed manufacturing indexes. Investors will also monitor the release of the Federal Reserve’s 2026 bank stress test results, which assess how major US banks would perform under a hypothetical severe economic downturn and periods of market stress. Elsewhere in the Americas, Canada will publish inflation data for May, with monthly consumer prices expected to rise at a faster 0.7%. Other notable releases include Brazil’s unemployment rate, mid-month inflation readings from Brazil and Mexico, and Mexico’s trade balance. The Bank of Mexico will also announce its latest monetary policy decision.

New York City, NY

It will be a relatively light week for economic data in Europe, with attention centered on the preliminary June PMI surveys. In the Eurozone, manufacturing activity is expected to slow further while the services sector is forecast to contract at a slower pace, suggesting a modest stabilization in overall business activity. In Germany, sentiment indicators are likely to point to improving confidence, with both the GfK Consumer Climate Index and the Ifo Business Climate Index expected to rise in June. In the UK, investors will focus on the latest CBI industrial trends and distributive trades surveys, as well as June PMI data for fresh insights into economic momentum. The services sector is expected to stagnate, while manufacturing activity is likely to expand at a slower pace. Traders will also monitor political developments following Andy Burnham’s victory in the Makerfield by-election and Prime Minister Keir Starmer’s decision to remain in office despite calls for his resignation. Elsewhere, key releases include Eurozone car registration figures, business sentiment indicators, consumer and business confidence surveys from France and Italy, French unemployment data, and Spain’s final first-quarter GDP figures.

Paris, France

In China, the People's Bank of China is widely expected to keep its one-year and five-year loan prime rates unchanged at 3.0% and 3.5%, respectively. Investors will also monitor industrial profits data for the first five months of 2026. In Japan, attention will focus on preliminary PMI surveys for June, with manufacturing activity expected to expand at a pace similar to the previous month. Tokyo CPI data for June are also due, with annual core inflation projected to accelerate to 1.6% from 1.3%. Meanwhile, investors will scrutinize the Bank of Japan's Summary of Opinions from its June meeting, where policymakers raised the benchmark interest rate by 25 basis points to 1.0% in an effort to curb inflation and support the yen. In India, flash PMI readings for June and May infrastructure output figures will be in focus. In Australia, the May CPI report is expected to show headline inflation edging up to 4.3% year-on-year from 4.2%, although consumer prices are forecast to decline 0.4% on a monthly basis. Employment data, household spending figures, and preliminary PMI surveys are also scheduled for release. Elsewhere in the region, Thailand, Hong Kong, and Saudi Arabia will publish trade data, while Singapore, Hong Kong, and Taiwan are set to release inflation figures. Investors will also keep a close eye on the Bank of Thailand's latest monetary policy decision, with the central bank set to hold rates steady.

Tokyo, Japan