The Main Events of Friday

On Friday, May 4, the market will expect a report on employment in the US.

At 04:30 – a report on the monetary policy of the Reserve Bank of Australia.

At 04:45 – the index of business activity in the service sector (PMI) of China from Caixin, the forecast  is 52.4, the previous value is 52.3.

At 10:55 – the index of business activity in the German services sector, the forecast is 54.1, the previous value is 54.1.

At 11:00 – data on business activity in the euro area:
– Composite index of business activity (PMI) from Markit in the euro area, the forecast is 55.2, the previous value is 55.2.
– The index of business activity in the services sector in the euro area, the forecast is 55.0, the previous value is 55.0.

At 12:00 – the volume of retail sales in the euro area (m/m), the forecast is 0.5%, the previous value is 0.1%.

At 15:30 – a report on employment in the US:
– Average hourly wage in the US (m/m), the forecast is 0.2%, the previous value is 0.3%.
– Change in the number of employed in the non-agricultural sector of the US, the forecast is 192K, the previous value is 103K.
– The proportion of economically active population in the US, the previous value is 62.9%.
– Change in the number of employed in the private non-agricultural sector of the United States, the forecast is 194K, the previous value is 102K.
– The unemployment rate in the US, the forecast is 4.0%, the previous value is 4.1%.

At 16:00 – the speech of the President of the Bundesbank, Weidmann.

At 17:00 – the index of business activity in Canada from Ivey, the forecast is 60.2, the previous value is 59.8.

At 20:00 – the number of drilling rigs in the US from Baker Hughes, the previous value is 825.

Hanzenko Anton