20:30The main events of tomorrow
The main events of tomorrow
Tuesday will be very informative day of the week. At 01:30 GMT, the protocol of the last RBA meeting dedicated to monetary policy issues will be published in Australia. The protocol contains a detailed description of the situation in the economy, the financial sector, the global economy, examines the employment situation, lending and inflation, which provides an in-depth understanding of the conditions that affected the RBA decision. The minutes are published two weeks after the meeting itself, following which a brief statement of the Central Bank is given.
At 02:00 GMT, China will report a change in the volume of industrial production, investment in fixed assets, and the volume of retail trade for April. It is expected that industrial production grew by 6.3% per annum, fixed asset investments increased by 7.4%, and retail sales increased by 10%.
At 06:00 GMT Germany will announce a change in GDP for the first quarter. The indicator reflects the change in the market value of all goods and services intended for direct consumption, produced for a certain period in all sectors of the economy on the territory of the state for consumption, export and accumulation, regardless of the nationality of the factors of production used. It is the most complete indicator of the state of the economy. It is expected that GDP grew by 0.4% per quarter and by 2.4% per annum.
At 08:30 GMT, Britain will announce a change in the unemployment rate for ILO and average earnings for March, as well as a change in the number of applications for unemployment benefits for April.
According to the forecast, the unemployment rate remained at 4.2%, average earnings rose by 2.6% per annum, and the number of applications for unemployment benefits rose by 7.5 thousand.
At 09:00 GMT, the euro zone will report a change in GDP for the first quarter and the volume of industrial production in March. The second indicator reflects the change in output in the manufacturing and extractive industries, forestry and electricity production. High or rising values of the indicator indicate the development of the economy. Despite the fact that production in the GDP structure takes a smaller share than the service sector, the indicator is a good indicator of the state of the region's economy. It is expected that GDP grew by 0.4% for the quarter and by 2.5% per annum, while industrial production increased by 0.6% compared to February and by 3.7% in annual terms.
Also at 09:00 GMT, the euro area and Germany will release an index of sentiment in the business environment from the ZEW Institute for May. The indicator is calculated by the Center for European Economic Studies (ZEW), which conducts a survey of financial experts to assess the economic situation of the country. The results are composed of calculating the difference between positive and negative reviews. The survey takes into account the opinion of the expected development of events (inflation, interest rates, exchange rates) in the next six months. About 350 German institutional investors and analysts participate in the survey. According to the forecast, the index for Germany remained at around -8.2 points.
At 12:30 GMT, the US will announce a change in retail sales for April and will publish an index of activity in the manufacturing sector from the Federal Reserve Bank of New York for May. The first indicator reflects the change in sales in the retail sector. Characterizes the level of consumer spending and demand. In addition to the basic value, the value is also calculated without taking into account the sales of cars, since their value is very variable. The indicator without cars provides more objective information. the state of the American economy, as its GDP is 80% provided by end-users. It is expected that retail sales rose 0.3% compared to March, while the index from the Federal Reserve Bank of New York fell to 15.0 from 15.8 in April.
At 14:00 GMT, the US will report a change in inventories for March, and they will release a NAHB housing market index for May. The first indicator reflects the change in the volume of stocks of manufactured goods, components and semi-finished products in warehouses. When calculating the indicator, statistics on stocks and sales at all stages of the production process (production, wholesale trade, retail trade) are taken into account. The second indicator shows the optimism of consumers in the real estate sector. The index is calculated on the basis of several factors, which include sales of new homes, expected sales in the next six months, as well as the number of prospective buyers. According to the forecast, stocks grew by 0.1%, and the housing market index remained at 69 points.
At 20:00 GMT, the US will report a change in the volume of purchases of long-term US securities by foreign investors in March. It is expected that net purchases rose to $ 52 billion from $ 49 billion in February, and total purchases amounted to $
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