Week that was:

June 01

Chinese manufacturing PMI rose to 50.2 from 50.1 in April in line with the market expectations. However a private survey from HSBC and Markit which focuses more on small and medium enterprises shows a contraction at 49.2. The shares rose on expectation of more stimulus due to the mixed data.

Europe PMI rose to 52.2 but missed the estimate of 52.3. It was mainly driven by pickups in Spain and Italy.

US consumer spending stalled in April as Americans saved more.

June 02

Euro area prices rose by 0.3% which beat  the estimates of 0.2%.

June 03

ECB holds rates. President Draghi also confirms that the QE would continue and there was no plan to reduce and maintained “long way to go” before the Central bank reached its inflation target of 2%.

US private sector employment rose in May adding 201,000 jobs.

June 04

French unemployment rate falls in 1Q 2015 to 10.3% from 10.4 % at end of last year.

June 05

US adds 280,000 jobs in May. Unemployment rate at 5.5%.

Events to watch:

June 08

German exports/imports data and Industrial production

June 10

France, Italy industrial production

June 11

US Weekly Initial Jobless Claims