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(CEP News) - German import prices will be the first piece of hard data released on Thursday. Import price growth is expected to have accelerated in May to 1.5% following the previous month's 0.9% monthly growth rate. Annually, the price rise is forecast at 6.9%, up from April's 5.7% increase.
Markets will also receive euro zone M3 money supply growth. Annually, the money supply growth rate is expected to have slowed to 10.4% in May after rising 10.6%. Economists from Barclays Capital forecast M3 to fall slightly to 10.5% y/y in May, from 10.6% y/y. The three-month growth rate average is also forecast to have decelerated further to 10.4% after coming in at 10.7% in the previous month. Thursday will also see the first of the regional price indexes for Germany. Meanwhile, EU Commissioner Joaquin Almunia will speak in London, England. Also in the UK, Bank of England officials will testify before the Parliament's Treasury Committee on the subject of May's inflation report. 2:00 DE Import Price Index (M/M) May Exp: +1.5% Prior: +0.9% 2:00 DE Import Price Index (Y/Y) May Exp: +6.9% Prior: +5.7% 2:00 GB U.K. Earnings 2:30 EU ECB's Noyer will speak at a press conference on Banking Commission 2:45 FR Consumer Confidence Indicator June Exp: -41Prior: -41 3:30 IT Business Confidence June Exp: +88.8 Prior: +89.6 3:30 EU EU Top Court Gives Opinion on Intel Over Rival's Intelmark 3:30 EU EU Court Hears Arguments in Solvay, ICI Soda Ash Cartel Appeal 3:30 EU EU Top Court Rules on Driver Licenses Abuses by Drunk Drivers 4:00 DE CPI-Hesse (M/M) June Prior:+0.7% 4:00 DE CPI-Hesse (Y/Y) June Prior: +3.5% 4:00 EU Euro Zone M3 (SA) (Y/Y) May Exp: +10.4% Prior: +10.6% 4:00 EU Euro Zone M3 (SA) 3 month average May Exp: +10.4% Prior: +10.7% 4:30 GB Total Business Investment (Q/Q) Q1 Final Exp: -1.4% Prior: -1.4% 4:30 GB Total Business Investment(Y/Y) Q1 Final Exp: +3.7% Prior: +3.7% 4:45 GB BOE's King, Gieve, Tucker, Besley, Barker to Testify 11:00 EU ECB's Stark to speak in Augsburg 18:00 EU Bank of Italy Organizes Seminar of Central Banks DE CPI-North Rhine West (M/M) June Prior: +0.6% DE CPI-North Rhine West (Y/Y) June Prior: +2.8% DE CPI-Baden Wuerttemberg (M/M) June Prior: +0.6% DE CPI-Baden Wuerttemberg ( Y/Y) June Prior: +2.9% DE CPI-Brandenburg (M/M)June Prior: +0.5% DE CPI-Brandenburg (Y/Y)June Prior: +3.1% 26 June EU EU's Almunia to speak in London By Steve Stecyk,
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, edited by Stephen Huebl,
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