The main events of Thursday!

Thursday, May 3, promises to be saturated with statistics, especially in the US. Particular attention of the market on this day will be riveted to preliminary data on inflation in the euro area and preliminary data on employment in the US.

At 04:30 – data on Australia:
– Permits for construction in Australia (m/m), the forecast is 1.0%, the previous value is -6.2%.
– Australia’s trade surplus, the forecast is 0.650D, the previous value is 0.825D.

At 11:30 – the index of business activity in the services sector of Great Britain, the forecast is 53.3, the previous value is 51.7.

At 12:00 – preliminary data on inflation in the euro area:
– Basic consumer price index (CPI) in the euro area (y/y), the forecast is 0.9%, the previous value is 1.0%.
– Consumer price index (CPI) in the euro area (y/y), the forecast is 1.3%, the previous value is 1.3%.

At 15:30 – a news block on the US:
– The number of initial applications for unemployment benefits in the US, the forecast is 225K, the previous value is 209K.
– The level of productivity in the non-agricultural sector of the US (q/q), the forecast is 0.9%, the previous value is 2.7%.
– The US trade balance, the forecast is -55.60D, the previous value is -57.60D.
– Labor costs in the US (q/q), the forecast is 2.9%, the previous value is 2.5%.

Also, at 15:30 – the Canada’s trade balance, the forecast is -2.24D, the previous value is -2.69D.

At 16:45 – data on business activity in the US:
– Composite index of business activity (PMI) in the USA from Markit, the previous value is 54.8.
– The index of business activity (PMI) in the US services sector, the forecast is 54.4, the previous value is 54.4.

At 17:00 – data on the US:
– The volume of shipments of civilian means of production in the US (excluding aircraft), the previous value is -0.7%.
– The volume of orders for durable goods in the US (m/m), the previous value is 2.6%.
– The volume of industrial orders in the US (m/m), the forecast is 1.3%, the previous value is 1.2%.
– The index of employment in the non-manufacturing sector (ISM) of the United States, the previous value is 56.6.
– The index of business activity in the non-manufacturing sector (PMI) of the USA from ISM, the forecast is 58.1, the previous value is 58.8.

At 19:00 – the speech of the chairman of the National Bank of Switzerland, Jordan.

Hanzenko Anton