Wednesday preview: China CPI, factory gate prices in focus

Investors' focus on Wednesday will shift to Asia Pacific, where China's National Bureau of Statistics will publish the first of the week's two main data releases, a reading on consumer prices for May.

Headline CPI is expected to have accelerated from a year-on-year pace of 0.9% for April to 1.6% in May, alongside a pick up in the annual rate of gains in factory gate prices from 6.8% to 8.5%.

Aggregate lending data for the Chinese economy are also due to be released between Wednesday and 15 May.

Japanese money supply data are also due out on, together with a final reading on first quarter gross domestic product in South Korea.

In Europe meanwhile, the sole economic report due out is a reading on Germany's foreign trade balance in April.

No major economic releases are scheduled in the UK or US.

Wednesday 09 June

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Balance of Trade (GER) (07:00)

Crude Oil Inventories (US) (15:30)

Current Account (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

Wholesales Inventories (US) (15:00)

FINALS

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