The Business News Week Ahead

Barring surprises, the week ahead looks tame. Markets could slow ahead of Wednesday's Federal Reserve meeting or Thursday's Swiss National Bank announcement but no policy moves are expected for either. Swiss inflation data will open on Monday with the May producer and import price report followed by the May CPI from India and whether, if it all, Covid troubles are having an impact on the country's prices. May CPIs will follow from Canada and the UK on Wednesday and Japan on Friday with German producer prices also set for Friday. Employment data in the week will be limited to the UK labour market report on Tuesday followed by Australia's report on Thursday. The UK will also release its May retail sales on Friday but the most sensitive consumer news will come from US retail sales on Tuesday and Chinese retail sales on Wednesday, the latter part of a run May updates that will include industrial production also on Wednesday. The Eurozone will update its industrial production report on Monday while Canada, also on Monday, will release monthly manufacturing sales. Japanese machinery orders are set for Tuesday as are Japan's merchandise trade report which, Covid issues or not, has been very strong in recent months. Another report to watch will be US housing starts on Wednesday and whether residential construction continues to slow.