Following the Queen’s Birthday public holiday on Monday, ‘tier 1′ economic data releases feature prominently in the coming week. The all-important May employment report is issued on Thursday. Monthly business and consumer surveys together with housing and lending finance data cap-off a busy, but holiday-shortened week.
All eyes will be on the US Federal Reserve monetary policy meeting commencing on Tuesday. US inflation data will also be keenly observed. Monthly sales, production and investment data feature in China.

Published by Craig James, Chief Economist, CommSec