The q/q expected for New Zealand GDP is pointing towards an economy climbing its way out of the mid-2024 slump. The Y/y is expected to still be negative but q/q should be encouraging.

The Australian jobs report is expected to show solid (jobs +25K in May is the central estimate), but not spectacular (+89K was the April result!). An improved showing from the private sector would be welcome, we await the details.

As noted in the screenshot, it’s a US holiday today, Thursday, June 19, 2025. Bonds, equities, futures will be closed – I’ll come back with the details – as will FX (it never truly closes, Canada is open, for example).

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
• I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.

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