US 0730 ET Apr Challenger job cuts, Mar +266.9% y/y.
0830 ET Weekly initial unemployment claims expected -839,000 to 3.000 million, previous -603,000 to 3.839 million. Weekly continuing claims expected +1.808 million to 19.800 million, previous +2.174 million to 17.992 million.
0830 ET Q1 non-farm productivity expected -5.5%, Q4 +1.2%. Q1 unit labor costs expected +4.5%, Q4 +0.9%.
0830 ET Atlanta Fed President Raphael Bostic (non-voter) discusses the financial impacts of Covid-19 via webinar.
1200 ET Minneapolis Fed President Neel Kashkari (voter) speaks about the economic impact of the Covid-19 pandemic with the North Dakota Commerce Commissioner.
1500 ET Mar consumer credit expected +$15.000 billion, Feb +$22.331 billion.
1600 ET Philadelphia Fed President Patrick Harker (voter) takes part in a virtual discussion on the Fed’s response to the coronavirus pandemic hosted by the Chicago Council on Global Affairs via Zoom.
GERMANY 0200 ET German Mar industrial production expected -7.4% m/m and -8.9% y/y, Feb +0.3% m/m and -1.2% y/y.
0300 ET German Apr Markit construction PMI, Mar -13.8 to 42.0.
EUR 0300 ET ECB Vice President Luis de Guindos presents annual report to European Parliament,
1000 ET ECB President Christine Lagarde participates in a Bloomberg webinar.
FRANCE 0245 ET France Mar industrial production expected -13.4% m/m and -11.1% y/y, Feb +0.9% m/m and -1.4% y/y.
0245 ET France Mar manufacturing production expected -16.0% m/m, Feb +0.9% m/m and -1.5% y/y.
0245 ET France Q1 wages, Q1 +0.2% q/q.
ITALY 0400 ET Italy Mar retail sales expected -15.0% m/m, Feb +0.8% m/m and +5.7% y/y.
UK 0700 ET BOE announces interest rate decision and asset purchase target, expected no change to the 0.100% benchmark rate or to the 645 billion-pound asset purchase target.
CANADA 1000 ET Canada Apr Ivey PMI, Mar -28.1 to 26.0.
JAPAN 1930 ET Japan May household spending expected -6.5% y/y, Feb -0.3% y/y.
1930 ET Japan Mar labor cash earnings expected +0.1% y/y, Feb +0.7% y/y. Mar real cash earnings expected unch y/y, Feb +0.2% y/y.
