Thursday is a busy day with plenty of news releases, so let’s take a closer look with the Economic Calendar. UK Services PMI for April opens this agenda at 8:30 in the morning. Heavy snow hit the services sector in March as the index dropped to the lowest level since the Brexit vote. Flash Euro Zone CPI update for April follows at 9 o’clock. Inflation in the euro area accelerated in the year to March from February’s downwardly revised level of 1.1%. Then it’s busy with North American publications at a half past noon GMT and that includes the US jobless claims. Initial claims were down by 24 thousand in the week that ended April the 21st. US Data run continues with Preliminary Productivity and Costs for the first quarter. Productivity was unchanged in the final quarter of last year, but unit labor costs jumped by 2 and a half percent. US trade stats for March will also be available at this time. Deficit continued widening in February and this was the sixth monthly increase in a row. Canadian trade figures for March wrap up the data run at a half past noon GMT. Deficit widened once again in February from January’s level of 1.9 billion Canadian Dollars. Then there’s a high importance release of US ISM Non-Manufacturing PMI for April at 2 PM. Economic activity in the non-manufacturing sector grew in March for the 98th consecutive month. Swiss Franc traders will be watching closely the speech by the Swiss National Bank Chairman Thomas Jordan in Zurich at 4 PM. Then there’s another high importance event at 1:30 AM as Reserve Bank of Australia announces their monetary policy. China Services PMI for April wraps up this report fifteen minutes later. Services sector growth disappointed in March and the index dropped to a 4 month low of 52.3. You’ve been watching the Economic Calendar for Thursday, the 3rd of May. I’m ________ and Friday brings the latest US labour report, so check back.
Thursday is a busy day with plenty of news releases, so let’s take a closer look with the Economic Calendar.
UK Services PMI for April opens this agenda at 8:30 in the morning. Heavy snow hit the services sector in March as the index dropped to the lowest level since the Brexit vote.
Flash Euro Zone CPI update for April follows at 9 o’clock. Inflation in the euro area accelerated in the year to March from February’s downwardly revised level of 1.1%.
Then it’s busy with North American publications at a half past noon GMT and that includes the US jobless claims. Initial claims were down by 24 thousand in the week that ended April the 21st.
US Data run continues with Preliminary Productivity and Costs for the first quarter. Productivity was unchanged in the final quarter of last year, but unit labor costs jumped by 2 and a half percent.
US trade stats for March will also be available at this time. Deficit continued widening in February and this was the sixth monthly increase in a row.
Canadian trade figures for March wrap up the data run at a half past noon GMT. Deficit widened once again in February from January’s level of 1.9 billion Canadian Dollars.
Then there’s a high importance release of US ISM Non-Manufacturing PMI for April at 2 PM. Economic activity in the non-manufacturing sector grew in March for the 98th consecutive month.
Swiss Franc traders will be watching closely the speech by the Swiss National Bank Chairman Thomas Jordan in Zurich at 4 PM.
Then there’s another high importance event at 1:30 AM as Reserve Bank of Australia announces their monetary policy.
China Services PMI for April wraps up this report fifteen minutes later. Services sector growth disappointed in March and the index dropped to a 4 month low of 52.3.
You’ve been watching the Economic Calendar for Thursday, the 3rd of May. I’m ________ and Friday brings the latest US labour report, so check back.
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