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Wed US 0700 ET Weekly MBA mortgage applications, previous +2.7% with purchase sub-index -1.0% and refi sub-index +7.2%.
    0815 ET Apr ADP employment change expected +178,000, Mar +263,000.
    0830 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned May 9-11 in the May quarterly refunding.
    0945 ET Revised Apr Markit services PMI expected unrevised at 52.5, prelim-Apr -0.3 to 52.5.  Revised Apr Markit composite PMI, Mar -0.3 to 52.7.
    1000 ET Apr ISM non-manufacturing PMI expected +0.6 to 55.8, Mar -2.4 to 55.2.
    1030 ET EIA Weekly Petroleum Status Report.
    1400 ET FOMC announces interest rate decision; fed funds target range expected unchanged at 0.75%-1.00%.
  FRA n/a French election presidential debate between Emmanuel Macron and Marine Le Pen.
  GER 0355 ET German Apr unemployment change expected -11,000, Mar -30,000.  Apr unemployment rate expected unch at 5.8%, Mar -0.1 to 5.8%.
  UK 0430 ET UK Apr Markit/CIPS construction PMI expected -0.2 to 52.0, Mar -0.3 to 52.2.
  EUR 0500 ET Eurozone Q1 GDP expected +0.5% q/q and +1.7% y/y, Q4 +0.4% q/q and +1.7% y/y.
    0500 ET Eurozone Mar PPI expected -0.1% m/m and +4.2% y/y, Feb unch m/m and +4.5% y/y.
  CHI 2145 ET China Apr Caixin services PMI, Mar -0.4 to 52.2.
  JPN n/a Japanese markets closed for Constitution Memorial Day.
  Period Survey Prior
5/3/2017 10:30 DOE U.S. Crude Oil Inventories 28-Apr -3641k
5/3/2017 10:30 DOE Cushing OK Crude Inventory 28-Apr -1203k
5/3/2017 10:30 DOE U.S. Gasoline Inventories 28-Apr 3369k
5/3/2017 10:30 DOE U.S. Distillate Inventory 28-Apr 2651k
5/3/2017 10:30 DOE U.S. Refinery Utilization 28-Apr 1.20%
5/3/2017 10:30 DOE Crude Oil Implied Demand 28-Apr 18697
5/3/2017 10:30 DOE Gasoline Implied Demand 28-Apr 9831.3
5/3/2017 10:30 DOE Distillate Implied Demand 28-Apr 4738.3
5/3/2017 10:30 DOE Total Fuel Ethanol Inventory 28-Apr 23269k
5/3/2017 10:30 DOE Fuel Ethanol Total Production 28-Apr 987k

 

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