The US has a national holiday on Monday and North American trading
action is likely to be thin and vulnerable to higher volatility as a
result. US data begins on Tuesday with May
consumer confidence, the only question being 'how much?' Tuesday also sees May
Richmond Fed index and April new home sales. Wednesday sees April
durable goods orders. Thursday sees the first revision to 1Q US GDP,
expected to see the advance 0.6% rate adjusted higher to 0.9%, along
with weekly jobless claims. Friday finishes out with April personal
income and spending, PCE-core inflation readings, May Chicago PMI and
final May Univ. of Michigan consumer sentiment.
Eurozone data begins on Tuesday with final 1Q German GDP and related reports, the June German GfK consumer confidence survey, and French and Italian business sentiment gauges. Wednesday sees April German import prices, March Eurozone current account, and May German CPI. Thursday sees European Commission sentiment gauges for businesses and consumers along with May German unemployment. Friday concludes with April German retail sales, April French PPI and May Eurozone CPI.
UK data is relatively light, beginning on Tuesday with April BBA mortgage lending data. Thursday morning sees May Nationwide Building Society's house price index and the May CBI distributive trades report, a privately calculated retail trade survey. At midnight Thursday local UK time, the May GfK consumer confidence survey will be released.
Japanese data sees only April corporate service prices on Monday morning. There is no data until Wednesday afternoon when May small business confidence is released. Thursday morning in Tokyo sees April retail trade and large retailers' sales. Friday morning sees April employment data, household spending, CPI, and preliminary April industrial production, followed by April housing starts and construction orders in the afternoon.