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Economic calendar (GMT0):
00:30 Australia MI Inflation Gauge, m/m May +0.4% +0.3%
00:30 Australia MI Inflation Gauge, y/y May +2.8% +2.9%
01:30 Australia Building Permits, m/m April -4.8% +2.1% -5.6%
01:30 Australia Building Permits, y/y April +20.0% +1.1%
01:30 Australia Company Operating Profits Quarter I +1.7% +2.6% +3.1%
06:30 Australia Commodity Prices, Y/Y May -12.6% -12.8%
07:30 Switzerland Manufacturing PMI May 55.8 55.7 52.5
07:48 France Manufacturing PMI (Finally) May 51.2 49.3 49.6
07:53 Germany Manufacturing PMI (Finally) May 54.1 52.9 52.3
07:58 Eurozone Manufacturing PMI (Finally) May 52.5 52.5 52.2
08:30 United Kingdom Purchasing Manager Index Manufacturing May 57.3 57.1 57.0
08:30 United Kingdom Net Lending to Individuals, bln April 2.9 2.7 2.4
08:30 United Kingdom Mortgage Approvals April 67 64 62.9
12:00 Germany CPI, m/m (Preliminary) May -0.2% +0.1% -0.1%
12:00 Germany CPI, y/y (Preliminary) May +1.3% +1.1% +0.9%
The U.S. dollar traded higher against the most major currencies ahead of the release of ISM manufacturing purchase managers’ index in the U.S. The index should climb to 55.7 in May from 54.9 in April.
The euro declined against the U.S. dollar. Investors remained cautious ahead of the European Central Bank's decision on Thursday. There are speculations over further stimulus measures from the ECB.
German preliminary consumer price index fell 0.1% in May, after a decline of 0.2% in April. Analysts had expected a 0.1% rise.
On a yearly basis, German preliminary consumer price index rose 0.9% in May, after a 1.3% gain in April. Analysts had forecasted a 1.1% increase.
PMIs were also in focus in the Eurozone. Eurozone’s manufacturing purchase managers’ index (PMI) decreased to 52.2 in May from 52.5 in April. Analysts had expected that the index remained unchanged.
Germany’s manufacturing PMI fell to 52.3 in May from 54.1 in April. Analysts had forecasted a decline to 52.9.
France’s manufacturing PMI sank to 49.6 in May from 51.2 in April. Analysts had expected a decrease to 49.3.
The British pound traded mixed against the U.S. dollar. Manufacturing purchase managers’ index in the U.K. declined to 57.0 in May from 57.3 in April. Analysts had forecasted a fall to 57.1.
Net lending to individuals in the U.K. increased by £2.4 billion in April, after a £2.8 billion rise in March. Analysts had expected a gain by £2.7 billion.
The number of mortgage approvals in the U.K. was 62,918 in April. That was the lowest number since July 2013.
The Swiss franc fell against the U.S. dollar. Switzerland’s manufacturing PMI sank to 52.5 in May from 55.8 in April. Analysts had expected a decrease to 55.7.
EUR/USD: the currency pair declined to $1.3593
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair increased to Y102.08
The most important news that are expected (GMT0):
14:00 U.S. ISM Manufacturing May 54.9 55.7
23:50 Japan Monetary Base, y/y May +48.5% +51.2%
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