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US 0830 ET Weekly initial unemployment claims expected -581,000 to 2.400 million, previous -195,000 to 2.981 million. Weekly continuing claims expected +667,000 to 23.500 million, previous +456,000 to 22.833 million.
0830 ET May Philadelphia Fed business outlook survey expected +16.6 to -40.0, Apr -43.9 to -56.6.
0945 ET May Markit manufacturing PMI expected +3.4 to 39.5, Apr -12.4 to 36.1. May Markit services PMI expected +5.6 to 32.3, Apr -13.1 to 26.7.
1000 ET Apr leading indicators expected -5.4%, Mar -6.7%.
1000 ET Apr existing home sales expected -19.9% to 4.22 million, Mar -8.5% to 5.27 million.
1000 ET New York Fed President John Williams (voter) takes part in a webinar video conference.
1100 ET Treasury announces amount of 2-year T-notes (previous $42 billion), 2-year floating-rate notes (previous $24 billion), 5-year T-notes (previous $43 billion) and 7-year T-notes (previous $35 billion) to be auctioned May 26-28.
1300 ET Fed Vice Chair Richard Clarida takes part in an online discussion on the U.S. economy and monetary policy hosted by the NABE.
1300 ET Treasury auctions $12 billion of 10-year TIPS.
1430 ET Fed Chair Jerome Powell delivers opening remarks at a virtual “Fed Listens” event moderated by Fed Governor Lael Brainard on how Covid-19 is affecting U.S. communities.
FRANCE 0315 ET France May Markit manufacturing PMI expected +4.5 to 36.0, Apr -11.7 to 31.5. May Markit services PMI expected +17.8 to 28.0, Apr -17.2 to 10.2.
GERMANY 0330 ET German May Markit/BME manufacturing PMI expected +4.9 to 39.4, Apr -10.9 to 34.5. May Markit services PMI expected +9.2 to 26.0, Apr -15.5 to 16.2.
EUR 0400 ET Eurozone May Markit manufacturing PMI expected +4.6 to 38.0, Apr -11.1 to 33.4. May Markit composite PMI expected +13.4 to 27.0, Apr -16.1 to 13.6.
UK 0430 ET UK May Markit manufacturing PMI expected +4.6 to 37.2, Apr -15.2 to 32.6. May Markit/CIPS services PMI expected +10.6 to 24.0, Apr -21.1 to 13.4.
0600 ET UK May CBI trends total orders expected +6 to -50, Apr -27 to -56.
JAPAN 1930 ET Japan Apr national CPI expected +0.2% y/y, Mar +0.4% y/y. Apr national CPI ex-fresh food expected -0.1% y/y, Mar +0.4% y/y. Apr national CPI ex fresh food & energy expected +0.2% y/y, Mar +0.6% y/y.

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