Today's macroeconomic calendar is relatively light compared to the rest of the current week. At 01:30 PM BST, the industrial production price index report from Canada will be published, followed by the US housing price index at 02:00 PM BST, and at 03:00 PM BST the Conference Board index for May.
The most important publication will likely be the consumer confidence in the Conference Board Index. Expectations indicate a slightly lower reading of 96 points compared to 97 points in the previous month, suggesting continued consumer weakness in the USA. However, historically, only readings around 55-75 points indicated recessionary levels.
Detailed schedule for the day:
11:00 AM BST, Euro Zone - Eurogroup Meetings
01:30 PM BST, Canada - Industrial Production Price Index Data for April:
- IPPI: previous -0.5% YoY;
- IPPI: forecast 0.8% MoM; previous 0.8% MoM;
02:00 PM BST, United States - House Price Index for March:
- previous 423.0;
- previous 7.0% YoY;
- forecast 0.5% MoM; previous 1.2% MoM;
02:30 PM BST, Germany - German Buba Balz Speaks
02:55 PM BST, United States - FOMC Member Kashkari Speaks
03:00 PM BST, United States - CB Consumer Confidence for May:
- forecast 96.0; previous 97.0;
06:05 PM BST, United States - FOMC Member Daly Speaks
06:05 PM BST, United States - Fed Governor Cook Speaks
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