Markets: What to look out for this week? – Deutsche Bank

Analysts at Deutsche Bank suggest that it's a fairly quiet start to the week with the most significant data releases being the final April factory, durable and capital goods orders in the US.

Key Quotes

“Away from that the ECB's Nowotny is due to speak in the afternoon at a conference in Vienna. EU Trade Commissioner Malmstrom is also due to participate in the UN Conference on Trade and Development in Geneva, while votes of confidence on the new Italian government is expected to happen early this week. Elsewhere, the ECB’s Nowotny and BOE’s Tenreyro are due to speak.”

“Tuesday: The main highlight on Tuesday will likely be the final May services and composite PMIs in Japan, China (Caixin), Europe and the US. Outside of that we'll also get April retail sales data for the Euro area, and April JOLTS and the May ISM non-manufacturing prints in the US. Elsewhere, the Brussels Economic Forum is due to begin with Juncker and Moscovici due to speak.”

“Wednesday: A very quiet day for data with April cash earnings in Japan and Q1 nonfarm productivity and unit labour costs (final revisions) and the April trade balance in the US.”

“Thursday: In Europe, the final Q1 GDP revisions for the Euro area will be made along with the various growth components, while April factory orders in Germany, April trade balance in France and May house prices data in the UK is also due. In the US the latest weekly initial jobless claims print will be out along with April consumer credit data. In China May foreign reserves will also be released at some point. Meanwhile Japan PM Abe is due to meet with US President Trump to discuss the planned US summit with North Korea.”

“Friday: Overnight, the final Q1 GDP revisions in Japan will be made along with the April trade balance, while in China May trade stats are set to be released. In Europe we'll get April trade and industrial production in Germany along with Q1 labour costs data, while in France April industrial and manufacturing production is due out. In the US the April wholesale trade sales and inventories data is due. Finally the G7 Leaders' Summit in Quebec is due to begin, ending on Saturday.”