The main events of Wednesday!

On Wednesday, May 2, the day is full of news. Also, the market will be focused on employment data in New Zealand, the euro area and the US. The main event of the day will be the publication of the US Federal Reserve’s decision on the interest rate.

At 01:45 – data on employment in New Zealand:
– Change in employment in New Zealand (q/q), the forecast is 0.6%, the previous value is 0.5%.
– The unemployment rate in New Zealand, the forecast is 4.5%, the previous value is 4.5%.

At 04:45 – the index of business activity in the manufacturing sector (PMI) of China from Caixin, the forecast is 50.9, the previous value is 51.0.

At 08:45 – the index of consumer confidence in Switzerland from SECO, the forecast is 6, the previous value is 5.

At 10:15 – the volume of retail sales in Switzerland (y/y), the forecast is 0.3%, the previous value is -0.2%.

At 10:30 PM – the PMI index of business activity in Switzerland from SVME, the forecast is 60.0, the previous value is 60.3.

At 10:55 – the index of business activity in the manufacturing sector (PMI) of Germany, the forecast is 58.1, the previous value is 58.1.

At 11:00 am – the index of business activity in the manufacturing sector (PMI) of the eurozone, the forecast is 56.0, the previous value is 56.0.

At 11:30 – the index of business activity in the construction sector of the UK, the forecast is 50.5, the previous value is 47.0.

At 12:00 – data on the euro area:
– Eurozone GDP (y/y), the forecast is 2.5%, the previous value is 2.7%.
– Eurozone GDP (q/q), the forecast is 0.4%, the previous value is 0.6%.
– The unemployment rate in the euro area, the forecast is 8.5%, the previous value is 8.5%.

At 15:15 – the change is the number of people in the non-agricultural sector of the US from ADP, the forecast is 200K, the previous value is 241K.

At 17:30 – data on oil reserves in the US:
– Reserves of crude oil in the US, the forecast is 1.267M, the previous value is 2.170M.
– Data on excess oil reserves in Cushing (Oklahoma, USA), the previous value is 0.459M.

At 18:30 – the speech of the President of the Bundesbank Weidmann.

At 21:00 – the decision on the interest rate of the US Federal Reserve, the forecast is 1.75%, the previous value is 1.75%.

Hanzenko Anton