Not many economic data and events scheduled for today, but some with high volatility risks associated.
Data released so far:
- Australia: Retail sales declined 0.1 percent m/m in April. Q1 current account balance came at -$2.9 billion. RBA reduced policy rates by 25 bps at today’s meeting. RBA governor Lowe’s speech due at 9:30 GMT.
Upcoming:
- France: April budget details to be released at 6:45 GMT.
- Spain: May employment change report due at 7:00 GMT.
- Italy: April unemployment report due at 8:00 GMT.
- United Kingdom: Markit construction PMI to be released at 8:30 GMT.
- Eurozone: April unemployment report to be released at 9:00 GMT, along with flash CP report for the month of May.
- United States: ISM New York PMI report due at 13:45 GMT, followed by April factory orders report at 14:00 GMT.
- Australia: AiG services PMI report due at 22:30 GMT.


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