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Global Economic Events & Releases on the Week of June 24, 2024

Plus500 | Monday 24 June 2024

Global economies are gearing up for a busy week with key economic events and releases on the horizon. 

From the US to the Eurozone, and from Canada to the UK, let's take a tour around the globe to see what awaits us as we enter the second half of the year:

An illustration of economic charts and data

Inflation Data

Inflation is perhaps among the most watched reports worldwide as different rates of it can affect both consumers and businesses and can also provide a bigger picture of a country’s economic health. 

As such, traders, consumers, and analysts alike may want to keep tabs on this week’s inflation reports from the global economies. 

Here are the main ones:


Canada’s inflation rate for the month of May is scheduled to be released on Tuesday, June 25, potentially affecting the trajectory of the Bank of Canada’s (BOC) rate decision on July 24. 

Expectations of aggressive interest rate cuts may seem to be materialising “given a rising share of mortgage renewals at much higher rates that are in the pipeline.” 


Australia’s inflation rates will be revealed on Wednesday, June 26, following the latest hawkish Reserve Bank of Australia (RBA) decision on June 18. 

The AU CPI will determine whether the RBA will adhere to the expected rate increases in August.


In the US, the Fed’s “favourite inflation gauge,” the Personal Consumption Expenditures (PCE), will be reported on Friday, June 28. PCE measures consumer spending and is taken into account when central banks make their monetary policy decisions. This means that the release could potentially unveil whether or not the Fed cut rates this year (as expected). 

Interestingly, according to financial experts like Francesco Pesole “a further softening in inflation and/or activity data in the U.S. is now needed to close the rate gap between the Fed and other central banks, and ultimately fuel a new dollar downtrend.”

All in all, the Fed’s projections seem to point towards a higher-for-longer stance with one rate cut for the year. Only time will tell what lies ahead for the world’s largest economy ahead of the upcoming FOMC meeting on July 30-31.


In the midst of the Eurozone elections and ahead of the first National Assembly election on Sunday, June 30, analysts may be interested in how inflation, due to be released on Friday, June 28 is affecting the EZ’s economy.  In addition, they may be looking for clues on how the elections may be shifting the markets.

While the results of the inflation reports are yet to be determined, many traders expect the European Central Bank (ECB) to cut rates twice by the end of the year.

Despite the aforementioned projections, only time will tell what lies ahead for these economies and how the upcoming reports will affect their central banks’ monetary policies.

GDP Releases

Gross Domestic Product (GDP) is a measure of the total monetary value of the goods and services produced in a country and is a valuable gauge of a country’s economic performance and health. 

This week’s GDP releases are as follows:

  • US GDP on Thursday, June 27

  • Canada GDP on Friday, June 28

  • UK GDP on Friday, June 28

Earnings Releases

Beyond the economic realm, this week may be of interest to stock traders in light of the upcoming earnings reports which are as follows:

Tuesday, June 25

FedEx Corporation (FDX)

Carnival Corporation (CCL)

Wednesday, June 26

Micron Technology, Inc. (MU)

General Mills (GIS)

Levi Strauss & Co. (LEVI)

BlackBerry Limited (BB)

Sunpower Corporation (SPWR)

Thursday, June 27

Nike, Inc.  (NKE) (Source: Nasdaq)


The markets and the economies may be in for an eventful week as a plethora of key reports and releases are set to take place. What should traders, analysts, and consumers expect?

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