Guide to today’s important data and events

Wednesday, May 13, 2015 5:26 AM UTC

Lot of economic dockets scheduled for today, with high risk associated.

Data released so far -

Japan - Eco watcher survey for current scenario improved to 53.6 in April from 52.2 prior and outlook improved to 54.2 from 53.4 prior.

Upcoming -

China - China will release details on retail sales, industrial production and urban investments for month of April at 5:30 GMT.

France - France will release first quarter GDP estimate at 5:30 GMT, followed by inflation details and payroll data at 6:45 GMT. Further weakening would pose challenge for finance ministry's plan to reduce deficit ratio through growth.

Germany - Inflationary details along with preliminary first quarter GDP would be released at 6:00 GMT. Bund yields would focus mainly on inflation and slower growth would pose downward pressure on yields.

Spain - Consumer inflation is due at 7:00 GMT. Euro will focus on inflationary statistics from Europe.
Italy - Set to release GDP estimate at 8:00 GMT.
Portugal - Portugal will release GDP estimate and consumer inflation today.
UK - unemployment statistics to be released at 8:30 GMT, followed by quarterly inflation report and Governor Carney's Speech at 9:30 GMT. All are very crucial for pound's next move. Lastly RICS house price balance is scheduled at 23:00 GMT.

Euro zone - GDP and Industrial production details to be released at 9:00 GMT.

US - Lot of economic dockets from US. MBA mortgage application at 11:00 GMT, followed by retail sales at 12:30 GMT and terms of trade at 13:30 GMT. Data on business inventories to be released at 14:00 GMT. Crude stocks are scheduled at 14:30 GMT.
New Zealand - Business PMI to be released at 22:30 GMT followed by 22:45 GMT.
Japan - Japan will release foreign investment details at 23:50 GMT.
Auction - US will auction 10 year note at 17:00 GMT. Vital to see what real money is paying for in rising yield environment.

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