Monday: April Factory Orders data will see light in the U.S., where analysts eye a 0.2% MoM contraction. It will be followed by the final estimate of April’s Durable Goods Orders data.
Tuesday: May Consumer Price Index data will see light in Russia, where inflation has recently moderated to 4.1% annually.
Wednesday: April Factory Orders data will see light in Germany – Analysts eye an impressive increase, to 4.7% annual gain, at the headline figure. In the U.S., the weekly MBA Mortgage Applications will see light.
Thursday: U.K. elections are likely to mark the highlight of the day. Ample volatility is expected at the GBP, amid Theresa May’s narrowing lead. The Final estimate for the first quarter’s GDP data will see light in Japan, as will April’s Balance of Payments and Trade Balance data. April Industrial Production data will see light in Germany. The European Central Bank is scheduled to announce interest rates, and the Asset Purchase Target. The following Press Conference by ECB President Draghi is also likely to draw a lot of attention.
Friday: May Consumer Price Index data will see light in China, followed by April’s Tertiary Industry Index in Japan. April Industrial Production Index data will see light in France and the U.K. May Consumer Price Index data will be released in Greece, currently at 1.6% inflation. The Final estimate of April’s Wholesale Inventories will see light in the U.S.
