Guide to today’s important data and events

Lot of economic dockets are scheduled for today, with high risk associated. Focus is on inflation numbers and central bankers' speech.

Data released so far -

• Australia - CB leading indicator for March dropped by -0.1% compared to prior growth of 0.5%. RBA released its minutes of meeting for May, in which it provided 25 basis points cut.

• New Zealand - Inflation expectation for second quarter improved to 1.85% from 1.8% prior.

Upcoming -

• UK - Inflation statistics to for April is scheduled for release at 8:30 GMT. Data includes producer price index, Retail price index and Consumer price index. Extremely important for pound and weak release would push it lower.
  
  
• Germany - Zew Survey for economic sentiment and current situation will be released at 9:00 GMT. Greek situation might push current situation sentiment lower.
  
  
• Euro zone - Consumer price index, along with Trade balance and Zew economic sentiment would be released for April at 9:00 GMT.
  
  
• US - Not many dockets from US. Housing market stat is scheduled at 12:30 GMT, Building permits and Housing Starts, followed by Redbook index at 12:55 GMT.
  
  
• Switzerland - SNB board member Danthine is scheduled to speak today at 14:00 GMT.
  
  
• New Zealand - Global dairy trade price to be published today. Weaker price would add to the downward pressure on Kiwi.
  
  
• Canada - BOC governor Stephen Poloz is scheduled to speak at 15:45 GMT.
  
  
• Australia - RBA deputy governor Lowe will be giving speech at 21:15 GMT.
  
  
• Japan - Japan will release first quarter preliminary GDP estimate at 23:50 GMT. Stronger release would indicate that growth is bouncing back.
  
  
• Auction - US will be auctioning 1 month bills at 15:30 GMT.