US 0730 ET Apr Challenger job cuts, Mar -86.2% y/y.
0830 ET Weekly initial unemployment claims expected -18,000 to 535,000, previous -13,000 to 553,000. Weekly continuing claims expected -40,000 to 3.620 million, previous +9,000 to 3.660 million.
0830 ET Q1 nonfarm productivity expected +4.3% q/q, Q4 -4.2% q/q. Q1 unit labor costs expected -1.0% q/q, Q4 +6.0% q/q.
0900 ET New York Fed President John Williams (voter) makes opening and closing remarks at a virtual event hosted by the New York Fed on culture.
1000 ET Dallas Fed President Robert Kaplan (non-voter) takes part in a moderated discussion hosted by Bard College.
1300 ET Cleveland Fed President Loretta Mester (non-voter) takes part in a virtual conversation hosted by the University of California, Santa Barbara.
1600 ET Fed releases May 2021 Financial Stability report.
JAPAN 0100 ET Japan Apr vehicle sales, Mar +2.4% y/y.
1930 ET Japan Mar labor cash earnings expected -0.2% y/y, Feb -0.4% y/y. Mar real cash earnings expected unch y/y, Feb +0.2% y/y.
GERMANY 0200 ET German Mar factory orders expected +1.5% m/m and +25.6% y/y, Feb +1.2% m/m and +5.6% y/y.
0330 ET German Apr Markit construction PMI, Mar +6.5 to 47.5.
EUROZONE 0400 ET ECB publishes monthly economic bulletin.
0500 ET Eurozone Mar retail sales expected +1.6% m/m and +9.4% y/y, Feb +3.0% m/m and -2.9% y/y.
0630 ET ECB Vice President Luis de Guindos speaks in an online Q&A during the EY Insights Forum Economics.
0715 ET ECB President Christine Lagarde speaks in corporate sustainability.
UK 0430 ET Revised UK Apr Markit/CIPS services PMI.
0700 ET BOE announces interest rate decision and asset purchase target.
CHINA 2145 ET China Apr Caixin services PMI expected -0.1 to 54.2, Mar +2.8 to 54.3.
n/a China Apr trade balance expected +$28.00 billion, Mar +$13.80 billion. Apr exports expected +24.3% y/y, Mar +30.6% y/y. Apr imports expected +44.2% y/y, Mar +38.1% y/y.
