Guide to today’s important data and events

Not many economic dockets scheduled for today. Focus is on CPI from Canada.

Upcoming                                             

• Germany – Producer prices for April will be released at 6:00 GMT. Prior -3.1% y/y, expected -3%.
• Greece – Current account for March will be released at 9:00 GMT.
• Euro Zone – Current account for March will be released at 9:00 GMT. Prior €19 billion.
• UK – CBI industrial trade survey for orders will be released at 10:00 GMT.
• Canada – Retail sales for April will be released at 12:30 GMT. Prior 0.4% y/y, expected -0.7%. Bank of Canada CPI will be released along. Prior 1.3% y/y, expected 1.7%.
• United States – FED’s Tarullo will be speaking at 13:00 GMT. Existing home sales will be released at 14:00 GMT. Prior 5.1% m/m, expected 1.2%.