Economic calendar: SNB and BoE decisions in the spotlight

• Futures indicate a higher opening of the session in Europe
• Investors' attention turns to the decisions of the SNB, BoE and Norges Bank
• A little later, investors will learn the data on jobless claims in the US and the report on oil stocks

Futures contracts indicate a higher opening of the session in Europe. This comes after a relatively mixed session in APAC markets, with investors reacting to the PBoC's rate decision and New Zealand GDP data. Today, however, more attention will turn to the decisions of central banks. In this case, these will be the decisions of the SNB (Switzerland), Norges Bank (Norway) and the BoE (Bank of England). Later in the day, investors will also learn about jobless claims in the US and a report on crude oil stocks.

Key macro readings of the day:

08:30 am BST - Switzerland, SNB decision. Forecast: 1.25%. Previously: 1.5%. 

09:00 am BST - Norway, Norges Bank decision. Forecast: 4.5%. Previously: 4.5%

09:00 am BST - Poland, macro data set for May. 

• Wages (y/y): Forecast: 11.6%. Previously: 11.3%
• Employment (y/y): Forecast: -0.4%. Previously: -0.4%
• Industrial production (y/y): Forecast: 1.5%. Previously: 7.9%

09:00 am BST - Switzerland, conference following SNB decision.

09:30 am BST - Norway, conference following Norges Bank decision.

12:00 am BST - UK, BoE decision. Forecast: 5.25%. Previously: 5.25%

01:30 pm BST - US, housing starts. Forecast: 1372k Previously: 1360k. 

01:30 pm BST - USA, Philly FED index. Forecast: 5. Previously: 4.5

01:30 pm BST - USA, unemployment claims. Forecast: 235k. Previously: 242k.

04:00 pm BST - USA, DOE crude oil inventories report. Forecast: -2.3 million. Previously: 3.73 million.