The Business News Week Ahead

Sentiment indications open a busy week led by June's EC economic sentiment index on Monday and US consumer confidence on Tuesday; both are expected to show improvement but still at deep lows. In contrast, sentiment among Japanese manufacturers is not expected to show improvement in Wednesday's Tankan survey for the second quarter, and continued contraction is the call for Japanese industrial production scheduled for Monday. Manufacturing PMIs will include China's CLFP for June also on Monday, as well as Switzerland's SVME and the US's ISM both on Wednesday. On inflation, the first look at June consumer prices will come from Germany on Monday followed on Tuesday by the Eurozone's HICP flash, also for June. But the week's central news will be June updates on employment, starting Wednesday with Germany's unemployment rate for June followed on Thursday by two reports from the US: initial jobless claims on Thursday and the monthly employment report moved to Thursday from Friday due to the July 4th Independence Day. The former is expected to show continued job losses in contrast to the latter where a 2.9 million nonfarm payroll gain is Econoday's consensus.