Not many economic dockets scheduled for today, risk associated is high. Focus is on US NFP report and Euro zone GDP.
Data released so far –
• Japan – Coincident index and leading economic index improved to 111.1 and 107.2 in April, according to preliminary reading.
• German – German factory orders rose sharply in April by 1.4% m/m compared to 0.5% expected and 1.1% prior.
• France – French trade balance came at -€3 billion, compared to -€4.6 billion in May.
• Spain – Industrial output grew by 1.8% in April from a year ago.
Upcoming –
• UK – Today is tentative release dates of Halifax house prices. Consumer inflation expectation to be released at 8:30 GMT. Inflation expectations will heavily influence pound.
• Eurozone – GDP for 1st quarter will be released at 9:00 GMT. Prior growth was 1%, same is expected.
• US – Data of the month is scheduled today. NFP employment report is scheduled for release at 12:30 GMT. In April payroll added 223,000, today expected 225,000. Unemployment rate is expected to remain same at 5.4%. Consumer credit change is scheduled at 19:00 GMT. FED’s Willian Dudley is expected to speak at 16:30 GMT.
• Canada – Unemployment stat is scheduled at 12:30 GMT. Payroll is expected to add 10,000 while unemployment rate remains stable at 6.8%.
