Guide to today’s important data and events

Quite a handful of economic dockets scheduled for today and some with high risks associated.

Upcoming                                                                                          

• Australia – Reserve Bank of Australia (RBA) will announce policy decision at 4:30 GMT.

• Japan – Leading economic index and co-incident index will be announced at 5:00 GMT.

• Germany – Industrial production for April will be released at 6:00 GMT. Prior -1.3% y/y.

• France – Trade balance for will be announced at 6:45 GMT.

• China – PBOC may announce FX reserve details today.

• Switzerland – FX reserve will be announced at 7:00 GMT. Prior 588 billion.

• Spain – Industrial output for April will be released at 7:00 GMT. Prior 2.8%. House price index will be announced at 9:00 GMT.

• United Kingdom – Halifax house prices will be announced at 7:30 GMT.

• Euro Zone – First quarter GDP will be announced at 9:00 GMT. Expected 1.5%.

• United States -  Nonfarm productivity will be announced at 12:30 GMT, along with unit labour cost. TIPP economic optimism will be announced at 14:00 GMT.

• Canada – IVEY PMI will be announced at 14:00 GMT.

• New Zealand – Manufacturing sales for first quarter will be announced at 22:45 GMT.

• Japan – First quarter GDP will be announced at 23:50 GMT.