• CHF
  • CPI (YoY) (May): 2.8%, expected 2.6%
  • CPI (MoM) (May): 0.3%, expected 0.0%
• EUR
  • French S&P Global Composite PMI (May): 51.4, expected 51.4
  • French Services PMI (May): 52.8, expected 52.8
  • S&P Global Composite PMI (May): 53.3, expected 53.3
  • Services PMI (May): 55.9, expected 55.9
  • Sentix Investor Confidence (Jun): -13.1, expected -13.0
  • PPI (YoY) (Apr): 5.9%, expected 5.9%
  • PPI (MoM) (Apr): -3.1%, expected -1.6%
• USD
  • S&P Global Composite PMI (May): 54.5, expected 54.5
  • Services PMI (May): 55.1, expected 55.1
  • CB Employment Trends Index (May): 116.18, expected 116.18
  • Durables Excluding Defense (MoM) (Apr): -0.6%, expected 0.4%
  • Durables Excluding Transport (MoM) (Apr): -0.2%, expected 0.0%
  • Factory Orders (MoM) (Apr): 1.1%, expected 0.4%
  • Factory orders ex transportation (MoM) (Apr): -0.7%, expected -0.2%
  • ISM Non-Manufacturing Business Activity (May): 54.5, expected 52.0
  • ISM Non-Manufacturing Employment (May): 50.8, expected 49.9
  • ISM Non-Manufacturing New Orders (May): 56.1, expected 55.5
  • ISM Non-Manufacturing PMI (May): 51.8, expected 51.9
  • ISM Non-Manufacturing Prices (May): 59.6, expected 59.2
  • 3-Month Bill Auction: 5.300%, expected 5.300%
  • 6-Month Bill Auction: 5.290%, expected 5.290%
• GBP
  • BRC Retail Sales Monitor (YoY) (May): 5.2%, expected 7.0%
• NZD
  • ANZ Commodity Price Index (MoM): -1.7%, expected -1.6%
• AUD
  • Building Approvals (MoM): -8.1%, expected -0.6%
  • Current Account (Q1): 6.5B, expected 14.1B
  • Net Exports Contribution (Q1): 1.3%, expected 1.1%
  • Private House Approvals: -3.8%, expected -2.8%

Analysis

The economic data released tomorrow, June 5, 2023, is Expected to be mixed. Some of the data is expected to be positive, such as the strong ISM Non-Manufacturing PMIs in the United States and Europe. However, other data is expected to be more negative, such as the decline in retail sales in the United Kingdom and the current account deficit in Australia.

Overall, the economic data is expected to point to a mixed economic picture. There are some positive signs, such as the strong growth in the services sector. However, there are also some negative signs, such as the decline in retail sales and the current account deficit. The Federal Reserve and other central banks will likely continue to monitor the economic data closely as they make decisions about monetary policy.

Market Impact

The economic data released tomorrow, June 5, 2023, is expected to have a mixed impact on financial markets. The stock market is expected to be mostly unchanged, while the bond market is expected to be slightly higher. The dollar is expected to be slightly lower against other major currencies.