Highlights
The annual inflation rate in Switzerland is forecast to rise further to 1.6 percent in May after accelerating to an above-consensus 1.4 percent in April from 1.0 percent in March. On the month, the CPI is seen up 0.4 percent, also rising from 0.3 percent in April.
In Germany, the unemployment rate for May is expected to hold steady at April's 5.9 percent. The jobs market in Europe's largest economy remains tight and continues to support wage growth.
US factory orders are expected to rise 0.7 percent on the month in April, slowing from March's 1.6 percent gain. Durable goods orders for April rose 0.7 percent, indicating forecasters see no change for the report's nondurables component.
The Labor Department's JOLTS report is expected to show job openings eased to 8.4 million from March's 8.488 million.
US unit vehicle sales, which have been flat, are expected to rise slightly in May to a 15.8 million annualized rate from April's 15.7 million rate.
Australia's GDP growth is estimated at 0.2 percent on the quarter in the January-March period after growing at the same pace in October-December. From a year earlier, the first quarter growth rate is seen slowing to 1.3 percent from 1.5 percent.
In China, S&P's services purchasing managers' index (PMI) is forecast at 52.6 in May, little changed from 52.5 in April and above the neutral line of 50 for a 17th month in a row. The composite PMI is expected to be at 52.7 in May, also little changed from 52.8 the previous month, indicating a seventh straight month of growth.
In Germany, the unemployment rate for May is expected to hold steady at April's 5.9 percent. The jobs market in Europe's largest economy remains tight and continues to support wage growth.
US factory orders are expected to rise 0.7 percent on the month in April, slowing from March's 1.6 percent gain. Durable goods orders for April rose 0.7 percent, indicating forecasters see no change for the report's nondurables component.
The Labor Department's JOLTS report is expected to show job openings eased to 8.4 million from March's 8.488 million.
US unit vehicle sales, which have been flat, are expected to rise slightly in May to a 15.8 million annualized rate from April's 15.7 million rate.
Australia's GDP growth is estimated at 0.2 percent on the quarter in the January-March period after growing at the same pace in October-December. From a year earlier, the first quarter growth rate is seen slowing to 1.3 percent from 1.5 percent.
In China, S&P's services purchasing managers' index (PMI) is forecast at 52.6 in May, little changed from 52.5 in April and above the neutral line of 50 for a 17th month in a row. The composite PMI is expected to be at 52.7 in May, also little changed from 52.8 the previous month, indicating a seventh straight month of growth.
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.
