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To: yard_man who wrote (174417)	6/21/2002 3:39:57 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

DJ. Euro-zone Economic Calendar - Week Ahead PARIS (Dow Jones)--Key euro-zone economic data next week include the June German Ifo business sentiment survey. This is expected to rise slightly from May, due to a stronger euro, but will likely be capped by falling stock markets. An improvement of the Ifo index would confirm economic recovery in the euro zone starting in the second quarter, but would increase the chance that the European Central Bank may hike interest rates in the near future. Another key element for ECB monetary decisions are the inflation figures, to be released by Germany and France at the beginning of the week and Italy on Friday. These data are all expected to fall and, along with the strong currency, could limit the need for the ECB to raise rates as soon as July. The estimated consumer price index for the euro-zone in June is due Friday and it is expected to fall below 2%, the ECB's ceiling. M3 money supply, the second pillar of the ECB's monetary policy, will be also released next week and is expected to rise at the same pace on a monthly basis in May as in April, but to post a slight decrease on an annual basis. Date GMT Country Indicator Period Forecast Previous Jun 24 N/A Ger CPI Jun 1.0%YY 1.1%YY Jun 25 0600 Ger PPI May 0.0%MM -0.1%MM Jun 25 0600 Ger PPI May -0.9%YY -0.8%YY Jun 25 0645 FRA CPI final May +0.1%MM +0.4%MM Jun 25 0645 FRA CPI final May +1.4%YY +2.0%YY Jun 25 0800 Ger Ifo Jun 92.0 91.5 Jun 26 0700 ITA Unemployment Apr 9.2% 9.1% Jun 27 0600 Ger IPI May -0.4%MM 0.2%MM Jun 27 0600 Ger IPI May -4.1%YY -2.8%YY Jun 27 0800 EMU M3 May 7.3%YY 7.5%YY Jun 27 0800 EMU M3 May 7.4%3MO Jun 28 0645 FRA Unemployment May 9.1% 9.1% Jun 28 0650 FRA PPI May +0.2%MM +0.4%MM Jun 28 0650 FRA PPI May -1.0%YY -0.7%YY Jun 28 0700 ITA Prelim CPI Jun +0.1%MM +0.2%MM Jun 28 0700 ITA Prelim CPI Jun +2.1%YY +2.3%YY Jun 28 1000 EMU CPI Estimate Jun +1.9%YY +2.0%YY - By Mirela Vlad, Dow Jones Newswires; 33-1-401 1740; Mirela.Vlad@Dowjones.com (END) Dow Jones Newswires 21-06-02