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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Westpac Consumer Confidence May -4.0% 8.5%
01:30 Australia Home Loans March 0.9% Revised From 1.5% -1.5% -0.9%
05:00 Japan Coincident Index (Preliminary) March 110.7 111.2
05:00 Japan Leading Economic Index (Preliminary) March 98.9 Revised From 96.8 96.4 98.4
08:30 United Kingdom Industrial Production (MoM) March -0.2% Revised From -0.3% 0.5% 0.3%
08:30 United Kingdom Industrial Production (YoY) March 0.1% Revised From -0.5% -0.4% -0.2%
08:30 United Kingdom Manufacturing Production (MoM) March -0.9% Revised From -1.1% 0.3% 0.1%
08:30 United Kingdom Manufacturing Production (YoY) March -1.6% Revised From -1.8% -1.9% -1.9%
11:00 U.S. MBA Mortgage Applications May -3.4% 0.4%
The U.S. dollar traded mixed to lower against the most major currencies in the absence of any major economic reports from the U.S.
The euro traded higher against the U.S. dollar in the absence of any major economic reports from the Eurozone.
Destatis released its manufacturing turnover data for Germany on Wednesday. Manufacturing turnover declined on seasonally adjusted and on adjusted for working days basis by 1.1% in March, after a 0.2% fall in February. February's figure was revised down up a 0.5% decrease.
Domestic turnover decreased by 1.3% in March, while the business with foreign customers dropped 0.8%.
Sales to euro area countries fell 0.5% in March, while sales to other countries were down 1.1%.
On a yearly basis, real manufacturing turnover in Germany was up on adjusted for working days basis by 0.7% in March, after a 1.8% rise in February.
The British pound traded mixed against the U.S. dollar on the U.K. industrial production data. The Office for National Statistics (ONS) released its manufacturing and industrial production figures for the U.K. on Wednesday. Industrial production in the U.K. rose 0.3% in March, missing forecasts of a 0.5% increase, after a 0.2% fall in February. February's figure was revised up from a 0.3% decline.
The increase was mainly driven by a rise in electricity, gas, steam & air conditioning output, which climbed by 3.3% in March.
On a yearly basis, industrial production in the U.K. decreased 0.2% in March, beating expectations for a 0.4% drop, after a 0.1% increase in February. February's figure was revised up from a 0.5% fall.
The decline was driven by a drop in manufacturing, which slid 1.9% year-on-year in March.
Manufacturing production in the U.K. was up 0.1% in March, missing expectations for a 0.3% gain, after a 0.9% decline in February. February's figure was revised up from a 1.1% decrease.
The rise was mainly driven by an increase in manufacture of transport equipment, which rose by 2.7% in March.
On a yearly basis, manufacturing production in the U.K. decreased 1.9% in March, in line with forecasts, after a 1.6% drop in February. It was the largest decrease since May 2013.
EUR/USD: the currency pair rose to $1.1404
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair climbed to Y109.27
The most important news that are expected (GMT0):
12:45 Canada Gov Council Member Wilkins Speaks
14:00 United Kingdom NIESR GDP Estimate April 0.3%
14:30 U.S. Crude Oil Inventories May 2.784 0.5
18:00 U.S. Federal budget April -108 -112
22:30 New Zealand Business NZ PMI April 54.7
23:50 Japan Current Account, bln March 2435 3005
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