Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Japan: Services PMI declines to 51 in May from 52.5 in April.
- Australia: Q1 current account deficit came at $10.5 billion. RBA kept monetary policy unchanged at today’s meeting.
- China: Services PMI came at 52.9 in May.
Upcoming:
- France: France would release April budget details at 6:45 GMT.
- Spain: Markit services PMI report will be released at 7:15 GMT.
- Italy: Markit services PMI report will be released at 7:45 GMT.
- France: Markit services PMI report will be released at 7:50 GMT.
- Germany: Markit services PMI report will be released at 7:55 GMT.
- Eurozone: Markit services PMI report will be released at 8:00 GMT, followed by April retail sales report at 9:00 GMT.
- United Kingdom: Markit services PMI report will be released at 8:30 GMT. MPC member Cunliffe is set for a speech at 10:00 GMT.
- Canada: Q1 labor productivity report will be released at 12:30 GMT.
- United States: Markit services PMI report will be released at 13:45 GMT. JOLTS jobs report will be released at 14:00 GMT, along with ISM non-manufacturing PMI.
- New Zealand: Global dairy auction is scheduled today.
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