Guide to today’s important data and events

Lots of economic dockets scheduled for today and some with high risks associated.

Data released so far -   

• Australia – National Australia Bank’s business confidence declined to 3 from 5 in May, while business conditions rose to 10 from 9.

• Japan – Industrial production declined -3.3% y/y in April, up 0.5% m/m.

Upcoming -

• Spain – HICP inflation for May will be announced at 7:00 GMT. Prior -1.1% y/y.

• Switzerland – Producer price index will be announced at 7:15 GMT. Prior -2.4% y/y.

• Italy – HICP inflation will be released at 8:00 GMT.

• United Kingdom – Inflation readings (CPI, PPI, etc.) will be announced at 8:30 GMT.

• Euro zone – Industrial production and employment change for first quarter will be released at 9:00 GMT.

• United States - Auction – Retail sales for May will be announced at 12:30 GMT. Prior 1.3% y/y. Terms of trade will be announced along.

• New Zealand – Current account for first quarter will be announced at 22:45 GMT.