US 0830 ET Weekly initial unemployment claims expected -338,000 to 2.10 million, previous -249,000 to 2.438 million. Weekly continuing claims expected +677,000 to 25.75 million, previous +2.525 million to 25.073 million.
0830 ET Revised Q1 GDP expected unrevised at -4.8% (q/q annualized), Q1 personal consumption expected -7.5% (q/q annualized), previous -7.6%. Q1 GDP price index expected unrevised at +1.3%. Q1 core PCE deflator expected unrevised at +1.8%.
0830 ET Apr durable goods orders expected -19.3% and -15.0% ex transportation, Mar -14.7% and -0.4% ex transportation. Apr capital goods orders nondefense ex-aircraft expected -10.0%, Mar -0.1%.
1000 ET Apr pending home sales expected -15.0% m/m and -28.1% y/y, Mar -20.8% m/m and -14.5% y/y.
1100 ET May Kansas City Fed manufacturing activity expected +8 to -22, Apr -13 to -30.
1100 ET EIA weekly Petroleum Status Report.
1100 ET New York Fed President John Williams (voter) participates in a moderated virtual discussion hosted by the Stony Brook University’s College of Business.
1300 ET Treasury auctions $38 billion of 7-year T-notes.
1500 ET Philadelphia Fed President Patrick Harker (voter) speaks on communities and Covid-19 at a community reinvestment event sponsored by the Philadelphia Fed.
ITALY 0400 ET Italy May consumer confidence index expected 89.0, Mar 101.0.
0600 ET Italy Apr PPI, Mar -1.3% m/m and -4.9% y/y.
EUR 0500 ET Eurozone May economic confidence index expected +3.6 to 70.6, Apr -27.2 to 67.0.
0500 ET Revised Eurozone May consumer confidence index, prelim-May +3.2 to -18.8.
GERMANY 0800 ET German May CPI (EU harmonized) expected -0.1% m/m and +0.4% y/y, Apr +0.4% m/m and +0.8% y/y.
UK 1901 ET UK May GfK consumer confidence index, Apr -24 to -33.
JAPAN 1930 ET Japan Apr jobless rate expected +0.2 to 2.7%, Mar +0.1 to 2.5%. Apr job-to-applicant ratio expected -0.7 to 1.32, Mar -0.06 to 1.39.
1950 ET Japan Apr industrial production expected -5.7% m/m and -10.6% y/y, Mar -3.7% m/m and -5.2% y/y.
1950 ET Japan Apr retail sales expected -6.9% m/m and -11.2% y/y, Mar -4.5% m/m and -4.6% y/y.
