Guide to today’s important data and events

Lots of economic dockets scheduled for today and some with high risks associated.

Data released so far:

• Australia – TD securities inflation grew 1.5% y/y in April, slower than 1.7% registered in March. National Australia Bank’s business confidence declined to 5 from 5 and business conditions declined to 9 from 12.                                                                                                                                   

• Japan – Nikkei manufacturing PMI rose to 48.2 in April from 48 prior.

Upcoming:

• Japan – Vehicle sales for April will be released at 5:00 GMT.
• Spain – Markit manufacturing PMI will be released at 7:15 GMT.
• Switzerland – Real retail sales for April will be released at 7:15 GMT, followed by SVME PMI at 7:30 GMT. SNB chairman Jordon will speak at 16:30 GMT.
• Italy - Markit manufacturing PMI will be released at 7:45 GMT.
• France – Markit manufacturing PMI will be released at 7:50 GMT.
• Germany - Markit manufacturing PMI will be released at 7:55 GMT.
• Greece - Markit manufacturing PMI will be released at 8:00 GMT.
• Euro Zone - Markit manufacturing PMI will be released at 8:00 GMT.
• United Kingdom – Markit manufacturing PMI will be released at 8:30 GMT.
• Euro Zone – Consumer price index for April and unemployment report for March will be released at 9:00 GMT.
• India – Fiscal deficit and construction output may get announced today.
• United States – FED’s Lockhart is scheduled to speak at 12:50 GMT. ISM manufacturing PMI report will be released at 14:00 GMT. FED’ Williams is scheduled to speak at 21:30 GMT.
• Canada – RBC manufacturing PMI will be released at 13:30 GMT.