Economic
calendar (GMT0):
01:00 Australia Retail Sales Y/Y
April +5.7% +5.7%
01:00 China Non-Manufacturing PMI May 54.8 55.5
01:30 Australia Retail sales (MoM)
April +0.1% +0.3%
+0.2%
01:30 Australia Current Account, bln
Quarter I -10.1 -7.1
-5.7
01:30 Japan Labor Cash Earnings,
YoY
April +0.7% +0.6%
+0.9%
01:45 China HSBC Manufacturing PMI
(Finally)
May 49.7 49.7
49.4
04:30 Australia Announcement of the RBA
decision on the discount rate
2.50% 2.50% 2.50%
04:30 Australia RBA Rate Statement
06:00 United Kingdom Nationwide house price index
May +1.2% +0.7%
+0.7%
06:00 United Kingdom Nationwide house price index, y/y May +10.9
+10.9% +11.1%
08:30 United Kingdom PMI Construction
May 60.8 61.2
60.0
09:00 Eurozone Harmonized CPI, Y/Y
(Preliminary) May +0.7%
+0.7% +0.5%
09:00 Eurozone Unemployment Rate
April 11.8% 11.8%
11.7%
The U.S.
dollar remained under pressure against the most major currencies ahead of the
release of factory orders in the U.S. The U.S. factory orders should climb 0.6%
in April, after a 1.1% gain in March.
The euro rose
against the U.S. dollar despite the weaker-than-expected inflation data in the
Eurozone. Eurozone’s inflation increased 0.5% in May, after a 0.7% gain in
March. Analysts had expected a 0.7% rise. Inflation target by the European
Central Bank (ECB) is 2%.
The
unemployment rate in the Eurozone fell to 11.7% in April from 11.8% in March.
Analysts had expected the unemployment rate remains unchanged.
The number
of unemployed people in Spain decreased by 111,900 in May, after a 111,600
decline in April. Analysts had forecasted a 112,300 drop.
Market
participants expect the European Central Bank will add further stimulus
measures on Thursday. Investors are awaiting the ECB will cut interest rates
and announce measures to boost lending to smaller businesses.
The British
pound traded mixed against the U.S. dollar. The U.K. construction purchasing
managers' index declined to 60.0 in May, from 60.8 in April. Analysts had
expected the index to increase to 61.2.
Nationwide
house price index for the U.K. climbed 0.7% in May, meeting analysts’ expectations,
after a 1.2% rise in April. On a yearly basis, Nationwide house price index for
the U.K. rose 11.1% in May, after a 10.9% increase in April. Analysts had
expected the index remains unchanged.
EUR/USD:
the currency pair declined to $1.3644
GBP/USD:
the currency pair traded mixed
USD/JPY:
the currency pair traded mixed
The most
important news that are expected (GMT0):
14:00
U.S. Factory Orders April +1.1%
+0.6%
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