Summary of the most interesting economic events from the trading week of June 3 - 9, 2024

Another week is over. This time, we focused mostly on the ECB meeting and US NFP. Join us for a recap of what was important, and what we'll be interested in this week.


On Tuesday, we were interested in the inflation rate in Switzerland. It was estimated to have remained at 1.4 %. Also unchanged month-on-month. Ahead of the data, we could read that if inflation was higher, the SNB could take steps to strengthen the CHF. Anyway, inflation is similar to April's data, and this should currently give the central bank the green light to ease monetary policy further.

On Thursday, we still got data from the labour market, to which the Swiss franc did not have much of a reaction. The seasonally adjusted unemployment rate in Switzerland was 2.3 % in May 2024, unchanged from the previous month and in line with market estimates. Seasonally adjusted, the unemployment rate in May was 2.4 %, a slight increase. Still, this is not very encouraging news.

What's in store for us this week?

Monday: Japanese GDP (JPY), Czech unemployment rate (CZK)

Tuesday: unemployment rate in the UK (GBP), inflation in the Czech Republic (CZK)


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