Beware This Week For The Markets, Expected U.S. Unemployment, Jobs, But More Europe Problems

Trading Econonomics sends out regular updates concerning upcoming global news for the financial markets. For this week most of the medi'as focus will be on unemployment news in the U.S., however, there is potential for bad news in Europe:

• U.S. unemployment rate may drop a little.
• Non-farm payrolls may decrease by around 100,000 or more: some temporary census jobs ceased in June.
• Consumer confidence expected to improve in June as gasoline prices dropped.
• The problems are in Europe. The first 12 Month Long Term Refinancing Operation will expire, The ECB's new liquidity operations are too small to replace maturing EUR 442B which may lead to increase in money markets rates and shake again the European markets.
• The jobless rate in the EU to remain unchanged at 10.1% in May.
• Japan's unemployment rate likely dropped in May to 5%
• United Kingdom's GDP growth for Q1 2010 may be revised slightly up.
• In Canada, April's GDP to rise 0.1%.