Market movers for the day – Danske Bank

Research Team at Danske Bank, lists down the key global economic releases for the day.

Key Quotes

“In the US today, we will keep an eye on the preliminary University of Michigan consumer survey for June. As private consumption is the main growth driver, we need consumers to stay optimistic if we are to see higher growth after the weak Q1. In May, there were mixed signals from consumers as Michigan's consumer confidence index rose sharply to 94.7 in May up from 89.0 in April while the Conference Board consumer confidence fell for the second month in May (although the level still is high). We think it likely that some of the big jump in May will have reversed and look for a decline to 92.5.

In the UK today, construction data for April is due out, which will give us further information about how the UK economy performed at the beginning of Q2.

In Norway today, inflation figures for May are due out. In Denmark today, the statistical office is due to release figures for inflation.”