Calendar is getting busier on this Wednesday, so let’s take a look at the potential market movers. Euro Zone M3 Money Supply for May will be released at 8 o’clock in the morning. The annual growth rate of the broad monetary aggregate M3 increased to 3.9% in April, from 3.7% a month ago. Then the Bank of England Governor Mark Carney will speak on Financial Stability Report at 8:30 and this could be a potential Sterling mover. It’s busy with May news releases regarding the US economy at a half past noon GMT, including the high importance Advance Durable Goods report. Orders were down by 1.6% in April after rising for two months in a row. Advance Trade Balance is out at the same time. Deficit remained below the 70 billion level in April, which was better than markets had anticipated. Preliminary Wholesale Inventories is the final item out at 12:30 PM. Inventories were almost unchanged in April, rising by just one tenth of a percent. US Pending Home Sales for May are up next at 2 PM. The forward looking indicator of home sales disappointed in April with a decline of 1.3%. Loonie Dollar traders will be monitoring closely a speech by the Bank of Canada Governor Stephen Poloz in Victoria at 7 PM. Then it’s the day’s key release for Kiwi Dollar traders at 9 PM as the Reserve Bank of New Zealand will announce the Official Cash Rate at 9 PM. Preliminary Japanese Retail Sales for May wrap up this agenda at ten to midnight. Sales growth rebounded in April to a downwardly revised level of 1.5%. I’m Jack Everitt and that’s all for Tuesday’s edition of the Economic Calendar.
Calendar is getting busier on this Wednesday, so let’s take a look at the potential market movers.
Euro Zone M3 Money Supply for May will be released at 8 o’clock in the morning. The annual growth rate of the broad monetary aggregate M3 increased to 3.9% in April, from 3.7% a month ago.
Then the Bank of England Governor Mark Carney will speak on Financial Stability Report at 8:30 and this could be a potential Sterling mover.
It’s busy with May news releases regarding the US economy at a half past noon GMT, including the high importance Advance Durable Goods report. Orders were down by 1.6% in April after rising for two months in a row.
Advance Trade Balance is out at the same time. Deficit remained below the 70 billion level in April, which was better than markets had anticipated.
Preliminary Wholesale Inventories is the final item out at 12:30 PM. Inventories were almost unchanged in April, rising by just one tenth of a percent.
US Pending Home Sales for May are up next at 2 PM. The forward looking indicator of home sales disappointed in April with a decline of 1.3%.
Loonie Dollar traders will be monitoring closely a speech by the Bank of Canada Governor Stephen Poloz in Victoria at 7 PM.
Then it’s the day’s key release for Kiwi Dollar traders at 9 PM as the Reserve Bank of New Zealand will announce the Official Cash Rate at 9 PM.
Preliminary Japanese Retail Sales for May wrap up this agenda at ten to midnight. Sales growth rebounded in April to a downwardly revised level of 1.5%.
I’m Jack Everitt and that’s all for Tuesday’s edition of the Economic Calendar.
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