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Lot of economic dockets scheduled for today, with moderate risk associated. Focus is on Euro zone inflation and factory orders from US.
Data released so far -
- Australia - Quarter one current account deficit came at -10.7 billion. Reserve bank of Australia kept its policy unchanged.
- India - Reserve bank of India (RBI) cut rates by 25 basis points for third time this year.
Upcoming -
- Spain - Unemployment change stats to be released at 7:00 GMT. In April unemployment decreased by 118,900. Similar improvement is expected today. House price index is to be released at 9:00 GMT.
- Germany - Unemployment stats to be released at 7:55 GMT.
- Greece - Manufacturing PMI is scheduled at 8:00 GMT.
- UK - Details on consumer credit, money supply and mortgage approvals are scheduled for release at 8:30 GMT, along with construction PMI. BRC shop price index is scheduled at 23:00 GMT.
- Euro zone - Euro zone inflation reading will be released at 9:00 GMT, both consumer and producer price index.
- US - Low key economic dockets scheduled for release from US. Redbook index is scheduled at 12:55 GMT, followed by ISM New York at 13:45 GMT. Most important data is factory orders, scheduled at 14:00 GMT, along with TIPP economic optimism and followed by total vehicle sales at 17:30 GMT.
- New Zealand - Dairy price index is scheduled for release today.
- Australia - AIG performance of services index is to be released at 23:30 GMT,
- Auctions - US will be auctioning 1 month bills at 15:30 GMT. UK will auction 10 year bonds.
