Guide to today’s important data and events

Lot of economic releases today with moderate risk associated. Focus is on Euro zone GDP and inflation hearing UK.

Data released so far -

• China - Consumer price index fell by -0.2% m/m, still grew by 1.2% from a year ago. Producer price index dropped -4.6% from a year ago.

• Australia - Home sales grew by 1% in April and investment lending for homes grew by 2.6%. ANZ job advertisement remained at same level in May. National Australian bank's business confidence and conditions both grew to 7 from prior 3 and 4 respectively.

• Japan - Consumer confidence index dropped to 41.4 from 41.5 prior in May. Preliminary estimate showed machine tools orders grew by 15% in May from a year ago.

• Switzerland - unemployment remained at 3.3% in May.

Upcoming -

• Switzerland - Consumer price index for May will be released at 7:15 GMT.
  
  
• UK - UK will declare trade balance details at 8:30 GMT, followed by inflation report hearing at 9:00 GMT.
  
  
• Eurozone - First quarter GDP will be released at 9:00 GMT.
  
  
• India - India might be releasing current account stat at 11:30 GMT.
  
  
• US - Redbook index is scheduled at 12:55 GMT, followed by NFIB business optimism index at 13:00 GMT. JOLTS job openings and wholesale inventories are scheduled at 14:00 GMT.
  
  
• Japan - Japan will release Machinery orders and corporate goods price growth at 23:50 GMT.
  
  
• Auctions - US will auction 1 month and 3 year bills at 15:30 GMT and 17:00 GMT.