US
0730 ET May Challenger job cuts, Apr -1.4% y/y.
0830 ET Weekly initial unemployment claims expected -6,000 to 228,000, previous +11,000 to 234,000. Weekly continuing claims expected -8,000 to 1.733 million, previous +29,000 to 1.741 million.
0830 ET Apr personal spending expected +0.4%, Mar +0.4%. Apr personal income expected +0.3%, Mar +0.3%.
0830 ET Apr PCE deflator expected +0.2% m/m and +2.0% y/y, Mar unch m/m and +2.0% y/y. Apr core PCE deflator expected +0.1% m/m and +1.8% y/y, Mar +0.2% m/m and +1.9% y/y.
0945 ET May Chicago PMI expected +0.7 to 58.3, Apr +0.2 to 57.6.
1000 ET Apr pending home sales expected +0.4% m/m, Mar +0.4% m/m and -4.4% y/y.
1100 ET EIA weekly Petroleum Status Report.
n/a G7 meeting (Thu-Sat) of finance ministers and central bankers in Whistler, British Columbia.
JPN
0000 ET Japan Apr vehicle production, Mar +0.2% y/y.
0100 ET Japan Apr housing starts expected -8.9% to 900,000 annualized, Mar -8.3% to 895,000 annualized.
1950 ET Japan Q1 capital spending expected +3.1% y/y, Q4 +4.3% y/y. Q1 capital spending ex-software expected +3.8% y/y, Q4 +4.7% y/y.
1950 ET Japan Q1 company profits expected -2.1% y/y, Q4 +0.9% y/y
2030 ET Revised Japan May Nikkei manufacturing PMI, prelim-May -1.3 to 52.5.
FRA
0245 ET France Apr PPI, Mar +0.4% m/m and +2.5% y/y.
0245 ET France May CPI (EU harmonized) expected +0.3% m/m and +2.1% y/y, Apr +0.2% m/m and +1.8% y/y.
ITA
0400 ET Italy Apr unemployment rate expected -0.1 to 10.9%, Mar unch at 11.0%.
0500 ET Italy May CPI (EU harmonized), Apr +0.5% m/m and +0.6% y/y.
UK
0200 ET UK May nationwide house prices expected +0.2% m/m and +3.0% y/y, Apr +0.2% m/m and +2.6% y/y.
0430 ET UK Apr net consumer credit expected +1.3 billion pounds, Mar +0.3 billion pounds.
0430 ET UK Apr mortgage approvals expected 63,500, Mar 62,900.
0430 ET UK Apr M4 money supply, Mar -1.4% m/m and +2.2% y/y.
EUR
0500 ET Eurozone Apr unemployment rate expected -0.1 to 8.4%, Mar unch at 8.5%.
0500 ET Eurozone May CPI estimate expected +1.6% y/y, Apr +1.2% y/y. May core CPI expected +1.0% y/y, Apr +0.7% y/y.
CAN
0830 ET Canada Q1 GDP expected +1.9% annualized, Q4 +1.7% annualized.
CHI
2145 ET China May Caixin manufacturing (flash) PMI expected +0.1 to 51.2, Apr +0.1 to 51.1.
n/a G-7 finance ministers and central bankers meet in Whistler, B.C.
Commodity Calendar – Thursday 5/31/2018
Date Time Event Survey Prior
5/31/2018 10:30 EIA Working Natural Gas Implied Flow 25-May — 91
5/31/2018 10:30 EIA Natural Gas Storage Change 25-May — 91
5/31/2018 11:00 DOE Total Fuel Ethanol Inventory 25-May — 22129k
5/31/2018 11:00 DOE Fuel Ethanol Total Production 25-May — 1028k
5/31/2018 11:00 DOE U.S. Crude Oil Inventories 25-May — 5778k
5/31/2018 11:00 DOE Cushing OK Crude Inventory 25-May — -1123k
5/31/2018 11:00 DOE U.S. Gasoline Inventories 25-May — 1883k
5/31/2018 11:00 DOE U.S. Distillate Inventory 25-May — -951k
5/31/2018 11:00 DOE U.S. Refinery Utilization 25-May — 0.70%
5/31/2018 11:00 DOE Crude Oil Implied Demand 25-May — 18059
5/31/2018 11:00 DOE Gasoline Implied Demand 25-May — 10044.6
5/31/2018 11:00 DOE Distillate Implied Demand 25-May — 5097.9