Guide to today’s important data and events

Lot many economic dockets and events scheduled for today and some with high volatility risks associated.

Data released so far –

Australia – Construction work done declined -2.6% y/y in first quarter.

Upcoming –  

• Germany – GFK consumer confidence for June will be released at 6:00 GMT. IFO business climate, expectations and current assessment will be released at 8:00 GMT.

• Switzerland – UBS consumption indicator will be released at 6:00 GMT. ZEW survey expectations will be released at 9:00 GMT.

• Italy – Industrial order and sales will be released at 8:00 GMT, followed by Trade balance at 9:00 GMT.

• Spain – Producer price index for April will be released at 9:00 GMT. Prior -5.4%.

• United States – MBA mortgage applications will be announced at 11:00 GMT, followed by goods trade balance for April at 12:30 GMT and House price index at 13:00 GMT. Flash services PMI will be released at 13:45 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT.

• Canada – BOC will announce interest rate decision at 14:00 GMT.

• Japan – Corporate services price will be released at 23:50 GMT.

• Auctions – U.S. will auction 5 year note at 17:00 GMT.