In the early hours of the Asian morning today, we got some important economic data from New Zealand. The country produced its inflation numbers on a YoY and QoQ basis. The Reserve Bank of Australia stepped in with the minutes from its previous meeting. During the European morning we will be getting some individual important data sets from a few of the EU states.
UK Jobs Figures and German Economic Sentiment
During the European morning we will be getting some individual important data sets from a few of the EU states. First, it will be UK’s turn to deliver its job numbers. The country is set to show if it managed to maintain May’s unemployment rate at the same level as the previous two months, at 3.8%. The figure has been on a steady decline for a few years now, since it peaked in 2012. Now the question is at what level will it change its direction and move to the upside? In addition to that, UK will release the average hourly earnings including bonus number, which is expected to have remained the same in May, as in the month before, at +3.1%. But the one excluding bonus is believed to have ticked down by a tenth of a percent and is forecasted to come out at +3.4%. If the figures come out as...
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