Highlights
Durable goods orders for April, which have already been released and are one of two major components of this report, rose 1.1 percent on the month. Germany's goods trade balance is expected to narrow slightly to a €16.0 billion surplus in April versus a €16.7 billion surplus in March that benefited not from exports, which fell sharply, but from imports which fell even more sharply.
In the Eurozone, producer prices are forecast to rise to an annual 2.4 percent in April, slowing from 5.9 percent in March.
It is a quiet data week for the US and no public speeches by Fed officials are scheduled during the blackout period ahead of the Federal Open Market Committee meeting on June 13-14.
US factory orders are expected to rise 0.8 percent on the month in April after rising 0.9 percent in March.
Durable goods orders for April, which have already been released and are one of two major components of this report, rose 1.1 percent on the month.
Business activity in the US service sector is expected to be buoyant in May, with the Institute for Supply Management (ISM) seen at 52.0 to be in positive territory for a fifth straight month, after rising 0.7 percentage point to 51.9 in April, when new orders posted a slight rebound amid the reopening of materials production and improving supply chains.
Japan's real household spending likely posted a second straight drop on the year in April, down 2.3 percent, after a 1.9 percent dip in March. There is a widespread move to switch to discount mobile phone plans amid high costs for daily necessities while spending on traveling is solid due to pent-up demand. Expenditures are seen up a slight 0.2 percent on the month, which would be their first rise in three months following a 0.8 percent decline.
In the Eurozone, producer prices are forecast to rise to an annual 2.4 percent in April, slowing from 5.9 percent in March.
It is a quiet data week for the US and no public speeches by Fed officials are scheduled during the blackout period ahead of the Federal Open Market Committee meeting on June 13-14.
US factory orders are expected to rise 0.8 percent on the month in April after rising 0.9 percent in March.
Durable goods orders for April, which have already been released and are one of two major components of this report, rose 1.1 percent on the month.
Business activity in the US service sector is expected to be buoyant in May, with the Institute for Supply Management (ISM) seen at 52.0 to be in positive territory for a fifth straight month, after rising 0.7 percentage point to 51.9 in April, when new orders posted a slight rebound amid the reopening of materials production and improving supply chains.
Japan's real household spending likely posted a second straight drop on the year in April, down 2.3 percent, after a 1.9 percent dip in March. There is a widespread move to switch to discount mobile phone plans amid high costs for daily necessities while spending on traveling is solid due to pent-up demand. Expenditures are seen up a slight 0.2 percent on the month, which would be their first rise in three months following a 0.8 percent decline.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
