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This Week’s Economic Data: Key Updates from Asia, Europe, and the United States

Asia:

Starting off the week, Japan will reveal its April household spending data on Tuesday. The Reserve Bank of Australia will also convene its monetary policy meeting, leading to the announcement of a rate decision.

Moving on to Wednesday, Japan will report its foreign exchange reserves for May, while Australia will release its gross domestic product (GDP) figures for the first quarter of 2023. Meanwhile, China will share updates on its imports, exports, and trade balance for May, as well as its foreign exchange reserves for the same month.

On Thursday, Japan will release its current account balance for April, and Australia will report its imports, exports, and trade balance for the month of April.

Closing the week on Friday, South Korea will unveil its April current account balance, and China will provide insights into the Consumer Price Index (CPI) and Producer Price Index (PPI) for May.

Europe:

In Europe, Tuesday will witness Germany releasing its factory orders data for April, while the European Union (EU) will report on retail sales for the same month.

On Wednesday, Germany will offer insights into its April industrial production figures, while Britain will disclose the May house price index from Halifax.

United States:

Turning to the United States, Wednesday will bring forth updates on imports, exports, and the weekly April trade balance, along with oil inventories from the U.S. Energy Information Administration (EIA).

On Thursday, the US will report on weekly jobless claims and April wholesale inventory inventories.

As the week progresses, these economic data releases will provide crucial insights into the performance and trends within various sectors across Asia, Europe, and the United States, allowing analysts and investors to make informed decisions.

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