Among today’s key macroeconomic releases are the U.S. labor market report — ADP, the PMI and ISM services data, as well as the interest rate decision from the Bank of Canada.
However, today we can also expect important updates related to new U.S. trade agreements with other partners. Yesterday, the White House confirmed that U.S. trade partners have a deadline today to submit their offers.
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08:15 AM BST, Spain - PMI Data for May:
- HCOB Spain Services PMI: forecast 52.8; previous 53.4;
08:45 AM BST, Italy - PMI Data for May:
- HCOB Italy Services PMI: forecast 52.1; previous 52.9;
- HCOB Italy Composite PMI: previous 52.1;
08:50 AM BST, France - PMI Data for May:
- HCOB France Composite PMI: forecast 48.0; previous 47.8;
- HCOB France Services PMI: forecast 47.4; previous 47.3;
08:55 AM BST, Germany - PMI Data for May:
- HCOB Germany Composite PMI: forecast 48.6; previous 50.1;
- HCOB Germany Services PMI: forecast 47.2; previous 49.0;
09:00 AM BST, Euro Zone - PMI Data for May:
- HCOB Eurozone Services PMI: forecast 48.9; previous 50.1;
- HCOB Eurozone Composite PMI: forecast 49.5; previous 50.4;
09:30 AM BST, United Kingdom - PMI Data for May:
- S&P Global Services PMI: forecast 50.2; previous 49.0;
- S&P Global Composite PMI: forecast 49.4; previous 48.5;
01:15 PM BST, United States - Employment Data for May:
- ADP Nonfarm Employment Change: forecast 111K; previous 62K;
01:30 PM BST, United States - FOMC Member Bostic Speaks
01:30 PM BST, United States - Fed Governor Cook Speaks
02:45 PM BST, United States - PMI Data for May:
- S&P Global Composite PMI: forecast 52.1; previous 50.6;
- S&P Global Services PMI: forecast 52.3; previous 50.8;
02:45 PM BST, Canada - BoC Rate Statement
02:45 PM BST, Canada - BoC Interest Rate Decision for December:
- forecast 2.75%; previous 2.75%;
03:00 PM BST, United States - ISM Data for May:
- ISM Non-Manufacturing PMI: forecast 52.0; previous 51.6;
- ISM Non-Manufacturing Employment: previous 49.0;
- ISM Non-Manufacturing Prices: previous 65.1;
- ISM Non-Manufacturing New Orders: forecast 52.3; previous 52.3;
- ISM Non-Manufacturing Business Activity: previous 53.7;
03:30 PM BST, Canada - BOC Press Conference
03:30 PM BST, United States - EIA Data:
- Gasoline Inventories: previous -2.441M;
- EIA Weekly Distillates Stocks: previous -0.724M;
- Crude Oil Inventories: forecast -2.900M; previous -2.795M;
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