Guide to today’s important data and events

Not many economic dockets scheduled for today and all with low to medium volatility risks associated.

Upcoming                                                 

• Germany - First quarter GDP data will be released at 6:00 GMT. Prior 1.3% y/y, expected 1.3%. Zew survey for May will be released at 9:00 GMT.
• Switzerland – Trade balance for April will be released at 6:00 GMT.
• France – Business climate for May will get published at 6:45 GMT.
• UK – public sector net borrowings will be announced at 8:30 GMT, for April. Expected £6.2 billion. CBI trade survey will be released at 10:00 GMT.
• Euro Zone – Euro group will meet today to take decisions over Greece’s bailout fund release. Zew survey for Economic sentiment will be published at 9:00 GMT.
• United States – New home sales for April will be released at 14:00 GMT. Prior -1.5%,, expected 2%.Richmond FED manufacturing index will be released at 14:00 GMT.
• New Zealand – Trade balance for April will be released at 22:45 GMT.
• Auctions – U.S. will auction 1 month and 12 month bills at 15:30 GMT and 2 year note at 17:00 GMT.