Today’s economic calendar is exceptionally packed and will be rich in key data from both the Eurozone and the U.S., crucial from a market perspective.
We will hear a series of speeches from European Central Bank representatives and get Eurozone industrial production data, which is expected to rise considerably both year-on-year and month-on-month.
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Create account Try a demo Download mobile app Download mobile appThe highlight among central banker statements will be a press conference from Fed Chair Jerome Powell, shortly after U.S. data releases on retail sales, regional manufacturing activity, and jobless claims.
Economic calendar for today:
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08:50, Eurozone – Speech by ECB’s Elderson
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09:00, Poland – April inflation data:
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CPI forecast: +0.4% m/m (previous: +0.2%)
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CPI forecast: +4.2% y/y (previous: +4.9%)
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09:00, Poland – GDP data:
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GDP q/q (Q1): previous: +1.3%
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GDP y/y (Q1): previous: +3.2%
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09:00, U.S. – Monthly DOE report
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09:30, UK – Labor productivity (Q4): previous: -2.4%
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10:00, Eurozone – Labor market data:
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Employment change q/q (Q1): forecast: +0.1%, previous: +0.1%
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10:00, Eurozone – March industrial production:
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Forecast: +2.5% y/y (previous: +1.2%)
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Forecast: +1.9% m/m (previous: +1.1%)
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10:00, Eurozone – GDP data:
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GDP q/q (Q1): forecast: +0.4%, previous: +0.2%
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GDP y/y (Q1): forecast: +1.2%, previous: +1.2%
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10:00, Eurozone – EU economic forecasts
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10:00, Eurozone – Additional labor market data:
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Total employment (Q1): previous: 169.4353 million
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Employment change y/y (Q1): forecast: +0.8%, previous: +0.7%
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11:15, Eurozone – Speech by ECB’s de Guindos
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13:15, Canada – April housing starts:
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Forecast: 227.0K (previous: 214.2K)
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13:30, Canada – March wholesale sales:
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Forecast: -0.4% m/m (previous: +0.3%)
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13:30, Canada – March manufacturing sales:
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Forecast: -1.8% m/m (previous: +0.2%)
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13:30, U.S. – Jobless claims:
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Initial claims: forecast: 229K (previous: 228K)
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4-week average: previous: 227K
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Continuing claims: forecast: 1.890M (previous: 1.879M)
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13:30, U.S. – April EIA report:
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Retail sales ex-gas/auto: previous: +0.8% m/m
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13:30, U.S. – April inflation data:
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PPI y/y: forecast: +2.5% (previous: +2.7%)
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PPI m/m: forecast: +0.2% (previous: -0.4%)
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Core PPI y/y (ex-food/energy/transport): previous: +3.4%
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Core PPI m/m (ex-food/energy/transport): previous: +0.1%
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13:30, U.S. – April retail sales:
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Headline: forecast: 0.0% m/m (previous: +1.4%)
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Year-on-year: previous: +4.6%
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Core retail sales: forecast: +0.3% m/m (previous: +0.5%)
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13:30, U.S. – Philadelphia Fed Manufacturing Index (May):
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Forecast: -11.3 (previous: -26.4)
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13:40, U.S. – Fed Chair Powell’s speech
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14:15, U.S. – April industrial production:
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Forecast: -0.2% m/m (previous: +0.3%)
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Y/y: previous: +1.34%
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Capacity utilization: forecast: +0.2% m/m (previous: -0.3%)
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15:00, U.S. – March business inventories:
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Forecast: +0.2% m/m (previous: +0.2%)
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15:00, U.S. – March retail inventories excl. autos:
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Forecast: +0.4% (previous: +0.1%)
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15:00, U.S. – NAHB Housing Market Index (May):
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Forecast: 40 (previous: 40)
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18:00, U.S. – GDPNow forecast (Atlanta Fed, Q2):
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Forecast: +2.3% (previous: +2.3%)
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19:05, U.S. – Speech by Fed Vice Chair for Supervision, Barr
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21:30, U.S. – Federal Reserve bank reserve balances:
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Previous: $3.201T
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21:30, U.S. – Federal Reserve balance sheet:
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Previous: $6.711B
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