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Lot many economic dockets to be released today, with moderate risks associated.
Data released so far -
- Australia - New home sales are up 4.4% m/m in March. Retail sales grew moderately at 0.3% m/m compared to 0.7% in February.
- China - HSBC China services PMI came at 52.9 compared to an expectation of 53.1.
Upcoming -
- Euro zone - ECB will hold non-monetary policy meeting today. There could be decisions on Greek ELA and plan of action should Greece debt has to be written off. Markit services PMI is scheduled for release at 8:00 GMT, followed by retail sales at 9:00 GMT.
- Spain - Services PMI scheduled for release at 7:15 GMT.
- Italy - Services PMI at 7:45 GMT.
- France - Services PMI at 7:50 GMT.
- Germany - Services and composite PMI to be released at 7:55 GMT.
- UK - Services PMI scheduled for 8:30 GMT.
- Greece - Unemployment statistics to be published at 9:00 GMT.
- Portugal - Unemployment statistics are scheduled for release today.
- Canada - IVEY PMI to be released at 14:00 GMT.
- US - Lot many dockets are scheduled for release today. MBA mortgage application to be released at 11:00 GMT, followed by ADP employment details at 12:15 GMT and non-farm productivity and unit labor cost at 12:30 GMT. FED's Lockhart is scheduled to speak at 17:30 GMT.
- Australia - AIG performance of construction index is scheduled for 23:30 GMT.
