Economic calendar: Conference Board from the USA in the spotlight 🔎

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