- European markets set to open mixed
- Second estimate of US GDP for Q1 2022
- US weekly jobless claims
European stock markets are seen opening in mixed moods after minutes of the last FOMC showed Fed officials are prepared for half-point rate increases at each of the next two meetings in June and July to tame surging inflation, as widely expected. It is another relatively quiet day on the Eurozone economic calendar and liquidity conditions may be thinner today as traders from Germany, France and several other nations celebrate holidays; however markets will still be open on the day itself. When it comes to the US trading hours, investors will be offered weekly unemployment claims and a second estimate of US GDP for Q1 2022. The reports are not expected to cause a major market reaction unless they are way out of line with the estimates.
1:30 pm BST - US, GDP report for Q1 2022, second estimate
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GDP growth (annualized). Expected: -1.3%. Previous: 6.9%
1:30 pm BST - US, jobless claims. Expected: 215k. Previous: 218k
1:30 pm BST - Canada, retail sales. Expected: 1.4%. Previous: 0.1%
1:30 pm BST - Canada, core retail sales. Expected: 2.1%. Previous: 2.2%
US earnings:
- Dollar General: (DG.US) - before market open
- Alibaba (BABA.US) - before market open
- Baidu (BIDU.US) - before market open
- GAP (GAP.US)- after market close
- Dollar Tree Inc (DLTR.US) - before market open
- Macy's Inc (M.US) - before market open
