US
0700 ET Weekly MBA mortgage applications, previous -0.2% to 398.5 with purchase sub-index unch at 262.4 and refi sub-index -0.3% to 1145.5.
0815 ET Apr ADP employment change expected +198,000, Mar +241,000.
0830 ET Treasury announces amount of 3-year T-notes (previous $30 billion). 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned May 8-10 in the May quarterly refunding.
1030 ET EIA weekly Petroleum Status Report.
1400 ET FOMC announces interest rate decision.
JPN
0100 ET Japan Apr consumer confidence expected +0.2 to 44.5, Mar unch at 44.3.
ITA
0345 ET Italy Apr Markit/ADACI manufacturing PMI expected -0.6 to 54.5, Mar -1.7 to 55.1.
0400 ET Italy Mar unemployment rate expected unch at 10.9%, Feb -0.2 to 10.9%.
0500 ET Italy Q1 GDP expected +0.3% q/q and +1.4% y/y, Q4 +0.3% q/q and +1.6% y/y.
FRA
0350 ET Revised France Apr Markit manufacturing PMI, prelim-Apr -0.3 to 53.4.
GER
0355 ET Revised German Apr Markit/BME manufacturing PMI, prelim-Apr -0.1 to 58.1.
EUR
0400 ET Revised Eurozone Markit manufacturing PMI, prelim-Apr -0.6 to 56.0.
0500 ET Eurozone Mar unemployment rate expected unch at 8.5%, Feb -0.1 to 8.5%.
0500 ET Eurozone Q1 GDP expected +0.4% q/q and +2.5% y/y, Q4 +0.6% q/q and +2.7% y/y.
UK
0430 ET UK Apr Markit/CIPS construction PMI expected +3.5 to 50.5, Mar -4.4 to 47.0.
Commodity Calendar – Wednesday 5/2/2018
Date Time Event Survey Prior
5/2/2018 10:30 DOE Total Fuel Ethanol Inventory 27-Apr — 21701k
5/2/2018 10:30 DOE Fuel Ethanol Total Production 27-Apr — 985k
5/2/2018 10:30 DOE U.S. Crude Oil Inventories 27-Apr — 2170k
5/2/2018 10:30 DOE Cushing OK Crude Inventory 27-Apr — 459k
5/2/2018 10:30 DOE U.S. Gasoline Inventories 27-Apr — 840k
5/2/2018 10:30 DOE U.S. Distillate Inventory 27-Apr — -2611k
5/2/2018 10:30 DOE U.S. Refinery Utilization 27-Apr — -1.60%
5/2/2018 10:30 DOE Crude Oil Implied Demand 27-Apr — 18745
5/2/2018 10:30 DOE Gasoline Implied Demand 27-Apr — 9873.6
5/2/2018 10:30 DOE Distillate Implied Demand 27-Apr — 5473