US 0730 ET May Challenger job cuts, Apr -96.6% y/y.
0815 ET May ADP employment change expected +650,000, Apr +742,000.
0830 ET Weekly initial unemployment claims expected -18,000 to 388,000, previous -38,000 to 406,000. Weekly continuing claims expected -27,000 to 3.615 million, previous -96,000 to 3.642 million.
0830 ET Revised Q1 nonfarm productivity expected +5.6%, previous +5.4%. Revised Q1 unit labor costs expected -0.4%, previous -0.3%.
0945 ET Revised May Markit services PMI, previous +5.4 to 70.1.
1000 ET May ISM services index expected +0.3 to 63.0, Apr -1.0 to 62.7.
1100 ET EIA weekly Petroleum Status Report.
1100 ET Treasury announces the amount of 3-year T-notes (previous $58 billion), 10-year T-notes (previous $41 billion), and 30-year T-bonds (previous $27 billion) to be auctioned Jun 8-10.
1230 ET Atlanta Fed President Raphael Bostic (voter) makes introductory remarks at an event on economic mobility.
1300 ET Dallas Fed President Robert Kaplan (non-voter) discusses the economy and monetary policy in a webinar hosted by Rice University Jones Graduate School of Business.
1350 ET Philadelphia Fed President Patrick Harker (non-voter) discusses an equitable workforce recovery at a virtual event.
ITALY 0345 ET Italy May Markit services PMI expected +5.0 to 52.3, Apr -1.3 to 47.3.
FRANCE 0350 ET Revised France May Markit services PMI, previous +6.3 to 56.6.
GERMANY 0355 ET Revised German May Markit services PMI, previous +2.9 to 52.8.
EUROZONE 0400 ET Revised Eurozone May Markit composite PMI, previous +3.1 to 56.9.
UK 0430 ET Revised UK May Markit/CIPS services PMI, previous +0.8 to 61.8.
JAPAN 1930 ET Japan Apr household spending expected +8.7% y/y, Mar +6.2% y/y.
