Global Markets:
- Asian stock markets: Nikkei down 0.35 %, Shanghai Composite gained 2.75 %, Hang Seng rose 0.95 %, ASX fell 1.10 %
- Commodities: Gold at $1191.50 (+0.15 %), Silver at $16.68 (-0.10 %), WTI Oil at $58.90 (-0.65 %), Brent Oil at $65.30 (-0.35 %)
- Rates: US 10 year yield at 2.12, UK 10 year yield at 1.81, German 10 year yield at 0.49
News & Data:
- Australia AIG Manufacturing Index 52.3, Previous: 48.0
- Australia Building Approvals -4.4 %, Expected: -2.0 %, Previous: 2.9 %
- China HSBC Manufacturing PMI 49.2, Expected: 49.2, Previous: 49.1
- China Official Manufacturing PMI 50.2, Expected: 50.2, Previous: 50.1
- China Non-Manufacturing PMI 53.2, Previous: 53.4
- Japan Capital Spending 7.3 % y/y, Expected: -0.1 %, Previous: 2.8 %
- ANZ: Risks of a downside break for the AUD are accumulating
- OPEC likely to keep output unchanged at June 5 meeting: delegates
CFTC Positioning Data:
- EUR net short 172K vs. short 168K prior
- JPY net short 62K vs. short 22K prior
- GBP net short 26K vs. short 23K prior
- AUD net long 6K vs long 7K prior
- CAD net long 7K vs long 4K prior
- CHF net long 8K vs. long 9K prior
Upcoming Events:
- 08:15 BST – Spanish Manufacturing PMI
- 08:45 BST – Italian Manufacturing PMI
- 08:50 BST – French Manufacturing PMI
- 08:55 BST – German Manufacturing PMI
- 09:00 BST – Euro Zone Manufacturing PMI
- 09:30 BST – UK Manufacturing PMI
- 13:00 BST – German CPI
- 13:30 BST – US Core PCE Price Index
- 13:30 BST – US Personal Income & SPending
- 14:05 BST – FOMC Member Rosengren speaks
- 14:30 BST – FOMC Member Fischer speaks
- 14:45 BST – US Manufacturing PMI
- 15:00 BST – US ISM Manufacturing PMI
The Week Ahead (Key Data & Events):
Tuesday, June 02nd
- 02:30 BST – Australia Current Account
- 05:30 BST – Reserve Bank of Australia Rate Decision
- 08:00 BST – Spanish Unemployment Change
- 08:55 BST – German Unemployment Change
- 08:55 BST – German Unemployment Rate
- 09:30 BST – UK Construction PMI
- 10:00 BST – Euro Zone CPI & Core CPI
- 15:00 BST – US Factory Orders
Wednesday, June 03rd
- 02:30 BST – Australian GDP
- 02:45 BST – Chinese HSBC Services PMI
- 08:15 BST – Spanish Services PMI
- 08:45 BST – Italian Services PMI
- 08:50 BST – French Services PMI
- 08:55 BST – German Services PMI
- 09:00 BST – Euro Zone Services PMI
- 09:30 BST – UK Services PMI
- 10:00 BST – Euro Zone Retail Sales
- 10:00 BST – Euro Zone Unemployment Rate
- 12:45 BST – ECB Rate Decision
- 13:15 BST – US ADP Nonfarm Employment Change
- 13:30 BST – US Trade Balance
- 13:30 BST – ECB Press Conference
- 14:45 BST – US Services PMI
- 16:00 BST – US ISM Non-Manufacturing PMI
- 19:00 BST – US Beige Book
Thursday, June 04th
- 01:00 BST – Bank of Japan Governor Kuroda speaks
- 02:30 BST – Australian Retail Sales
- 02:30 BST – Australian Trade Balance
- 12:00 BST – Bank of England Rate Decision
- 13:30 BST – US Initial Jobless Claims
- 15:00 BST – Canadian Ivey PMI
- 17:00 BST – FOMC Member Tarullo speaks
Friday, June 05th
- 07:00 BST – German Factory Orders
- 10:00 BST – Euro Zone GDP
- 13:30 BST – US NFP
- 13:30 BST – US Unemployment Rate
- 13:30 BST – Canadian Unemployment Rate
- 13:30 BST – Canadian Employment Change
