Weekly Outlook: May 29 - Jun 2

Tuesday
Europe: France wakes up earlier than everyone else in the European Union on Tuesday, with a fresh reading on the first-quarter gross domestic product set for release at 05:30 GMT and consumer spending for April as of 06:45 GMT. Germany will present its May report on consumer inflation at 12:00 GMT.
United States: The Bureau of Economic Analysis will release its Core CPE index and personal spending for April at 12:30 GMT, with analysts pointing at 0.1 and 0.4 percent respectively. Conference Board’s Consumer Confidence for May is expected at 14:00 GMT. Economists are forecasting a 119.5 reading, down from a previous 120.3 points.

Wednesday

Asia: After Japan’s industrial production for April is published ten minutes to midnight on Tuesday, China will officially kick off Wednesday’s session with May’s manufacturing and non-manufacturing PMI at 01:00 GMT.
Europe: Germany will set the tone in Europe, with April’s retail sales at 06:00 GMT, which is expected to notch down by 0.2 percent. Unemployment rate comes two hours later, with expectations for a steady reading at 5.8 percent. Eurozone’s CPI and unemployment rate will also be released at 09:00 GMT. Analysts are predicting a 1.5 percent and 9.5 percent for each.
United States: The only relevant indicator will be pending home sales for April at 14:00 GMT.

Thursday
Asia: China is set to release its Caixin manufacturing PMI for May at 01:45 GMT.
Europe: Switzerland will publish a final reading on the first-quarter GDP at 05:45 GMT. That’s not all, retail sales for April are due at 07:30 GMT. German manufacturing PMI for May is scheduled at 07:55 GMT, with 59.4 seen. Eurozone’s manufacturing PMI for May is due at 08:30 GMT and economists are pointing at no changes in the current 57.0 points. Half an hour later, same report from the United Kingdom.
United States: Manufacturing continues to be at center stage, with the Purchase Management Index for May going public at 13:45 GMT. The Institute of Supply Management is set to release its own manufacturing index at 14:00 GMT. Also, attention will be directed to ADP nonfarm employment change at 12:15 GMT, with 185.000 jobs build on the watch, and crude stockpiles from the US Energy Information Administration at 15:00 GMT.

Friday
United States: Strong day for data in the US session, with market participants set to receive nonfarm payrolls and unemployment rate for May as of 12:30 GMT. Analysts are pointing at a 183.000 jobs increase and a tick higher for unemployment to 4.5 percent.

Fort Financial Services