German ZEW and UK employment data in focus today – Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura expect Germany’s ZEW to fall to -17 in June from -8.2 in May.

Key Quotes

“Other forward-looking survey data (e.g., June’s Sentix) point to a further deterioration. More broadly, fears about the US protectionist policy and the flare-up of political instability in Italy have added additional uncertainty to the German outlook.”

“UK Labour market report: Employment surged in Q1 while private sector regular pay growth rose to 3% y-o-y – the strongest since H2 2015. A 0.2% monthly rise in private regular pay should raise the 3m and 6m annualised rates of growth – which fell back in last month’s report – to around the 2.5% mark.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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