The main events of Wednesday!

On Wednesday, May 30, the day is full of news on Japan, the eurozone, the US and Canada. Also, in conditions of political instability, data on Spain can come to the forefront. But the market will be focused on preliminary data on US GDP and the results of the meeting of the Bank of Canada.

At 01:45 – the construction permits in New Zealand (m/m), the previous value is 14.7%.

At 02:50 – the volume of retail sales in Japan (y/y), the forecast is 0.9%, the previous value is 1.0%.

At 03:00 – the speech of the head of the Japanese bank, Kuroda.

At 04:30 – the construction permits in Australia (m/m), the forecast is -3.0%, the previous value is 2.6%.

At 09:00 – the volume of retail sales in Germany (m/m), the forecast is 0.7%, the previous value is -0.6%.

At 10:00 – the index of the leading economic indicators of Switzerland from KOF, the forecast is 104.5, the previous value is 105.3.

At 11:00 – data on employment in Germany:
– Change in the number of unemployed in Germany, the forecast is -10K, the previous value is -7K.
– The unemployment rate in Germany, the forecast is 5.3%, the previous value is 5.3%.

At 15:15 – the number of employed in the non-agricultural sector of the US from ADP, the forecast is 189K, the previous value is 204K.

At 15:30 – preliminary data on US GDP:
– US GDP (q/q), forecast 2.3%, the previous value is 2.3%.
– US GDP deflator (q/q), the forecast is 2.0%, the previous value is 2.0%.
– The balance of foreign trade in US goods, the forecast is -71.20D, the previous value is -68.29D.

Also at 15:30 – data on Canada:
– Account of current operations of the balance of payments of Canada, the forecast is -18.0D, the previous value is -16.4D.
– Raw Materials Price Index (RMPI) in Canada (m/m), the previous value is 2.1%.

At 17:00 – the results of the statement of the Bank of Canada:
– The accompanying statement of the Bank of Canada.
– The decision on the interest rate of the Bank of Canada, the forecast is 1.25%, the previous value is 1.25%.

At 17:45 – the speech of the chairman of the National Bank of Switzerland, Jordan.

At 21:00 –  “Beige Book” of the US Federal Reserve.

At 23:30 – weekly stocks of crude oil in the US according to the American Petroleum Institute (API), the previous value is -1,300M.

Hanzenko Anton