Economic
calendar (GMT0):
01:00 Australia Consumer Inflation
Expectation May +4.2% +4.4%
01:45 China HSBC Manufacturing PMI
(Preliminary) May 48.1 48.4
49.7
03:00 New Zealand Expected Annual Inflation 2y from
now Quarter I +2.3% +2.4%
06:58 France Manufacturing PMI
(Preliminary) May 51.2 51.1
49.3
06:58 France Services PMI
(Preliminary) May 50.4 50.3
49.2
07:28 Germany Manufacturing PMI
(Preliminary) May 54.1 54.0
52.9
07:28 Germany Services PMI (Preliminary) May 54.7 54.8
56.4
07:58 Eurozone Manufacturing PMI
(Preliminary) May 53.4 53.2
52.5
07:58 Eurozone Services PMI (Preliminary) May 53.1 53.0
53.5
08:30 United Kingdom Business Investment, q/q Quarter I +2.4%
+2.3% +2.7%
08:30 United Kingdom Business Investment, y/y Quarter I +8.7% +8.7%
08:30 United Kingdom PSNB, bln
April 4.9 3.6 9.63
08:30 United Kingdom GDP, q/q
Quarter I +0.8% +0.8%
+0.8%
08:30 United Kingdom GDP, y/y
Quarter I +3.1% +3.1%
+3.1%
09:00 Eurozone European
Parliamentary Elections
10:00 United
Kingdom CBI
industrial order books balance May -1 4 -1
The U.S.
dollar traded higher against the most major currencies amid the release of the
U.S. economic data. The initial jobless claims in the U.S. should increase to
312,000, from 297,000 in the previous week. U.S. flash manufacturing purchasing
managers' index should increase to 55.6 in May, from 55.4 in April. The existing
home sales in the U.S. should rise to 4.71 million units in April, from 4.59
million units in March.
The euro traded
mixed against the U.S. dollar after the release of the economic data in the
Eurozone. Eurozone’s flash manufacturing purchasing managers' index fell to
52.5 in May, from 53.4 in April. That was the slowest growth in six months.
Analysts had expected a decrease to 53.2.
Eurozone’s
flash services purchasing managers' index climbed to 53.5 in May, from 53.1 in
April. That was the fastest pace in almost three years. Analysts had forecasted
a decrease to 53.0.
France's
flash manufacturing purchasing managers' index decreased to 49.3 in May, from
51.2 in April. Analysts had expected a decline to 51.1.
France's
flash services purchasing managers' index decreased to 49.2 in May, from 50.4
in April. Analysts had forecasted a fall to 50.3.
Germany's
manufacturing purchasing managers' index I slid to 52.9 in May, from 54.1 in
April. Analysts had expected a decline to 54.0.
Germany's
services purchasing managers' index gained to 56.4 in May, from 54.7 in April.
Analysts had forecasted a rise to 54.8.
The British
pound declined against the U.S. dollar after the U.K. gross domestic product. U.K.
gross domestic product increased 0.8% in the first quarter (Q4 2013: +0.8%).
Analysts had expected this figure.
On a yearly
basis, U.K. gross domestic product climbed 3.1% in the first quarter (Q4 2013:
+3.1%). Analysts had expected this growth.
U.K.
business investment rose by 2.7% in the first quarter, from a 2.4% gain in the
previous quarter. That was the highest pace since the first quarter of 2013.
On a yearly
basis, U.K. business investment climbed 8.7% in the first quarter, unchanged
from the previous quarter figure.
The
Confederation of British Industry released the British factory orders. The
Confederation of British Industry's (CBI) total order book balance was 0 in
May, up from -1 in April. Analysts had expected +4.
The
Canadian dollar traded little changed against the U.S. dollar ahead of the
release of the Canadian retail sales. The retail sales in Canada should
increase 0.2% in March, from a 0.5% rise in February. The Canadian retail sales
excluding autos should climb 0.5% in March, from a 0.6% increase in February.
EUR/USD:
the currency pair traded mixed

GBP/USD:
the currency pair declined to $1.6861

USD/JPY:
the currency pair traded mixed

The most
important news that are expected (GMT0):
12:30 Canada Retail Sales, m/m March +0.5%
+0.2%
12:30 Canada Retail Sales ex Autos, m/m March +0.6%
+0.5%
12:30 U.S. Initial Jobless Claims May 297 312
13:43 U.S. Manufacturing PMI
(Preliminary) May 55.4
55.6
14:00
U.S. Existing
Home Sales April 4.59 4.71