Economic data to come during the European session

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Australian survey on business confidence and conditions is due Tuesday


Final inflation figures for Germany and Spain for April expected

The mood for risk remains lukewarm, the dollar holding its ground after a strong overnight session, where we saw US-Chinese tensions continue to escalate and chairman of Fed Powell offered a step back from negative rates.
See here for global data on coronavirus cases

Asian stocks are down after another difficult period for US stocks overnight, while the Aussie is under pressure after a report on softer jobs earlier in the day.

Despite yesterday’s fall, the S&P 500 at least prevented a drop below the 2800 level. Let’s see if the dip buyers will be convinced to intervene before the end of the week or if there will be a new theme / range potentially developed on the market.

0600 GMT – Germany April wholesale price data

An earlier version can be found here. The index measures the value of sales made by wholesalers in Germany, it provides an indicator of consumption and the retail model. The decline in April is expected to be slightly more pronounced than March given the lock-in measures, but we all know that economic conditions in April and the second quarter are likely to be the worst in the coronavirus crisis, it does not it remains only to browse the data releases to reaffirm this feeling.

0600 GMT – Germany April final CPI figures

An earlier version can be found here. As this is the final version, there are no plans to change the composition of the market.

06:30 GMT – Switzerland April producer and import prices

An earlier version can be found here. An indirect indicator of inflationary pressures in the Swiss economy, which also slipped in the midst of falling oil prices and the virus crisis.

0700 GMT – Spain Final figures for the April CPI

An earlier version can be found here. Just like the German reading, publishing here should not offer much to the market as it will capture the final numbers.

0800 GMT – The ECB publishes its latest economic bulletin

This will be linked to their Decision from April 30 policy meeting but overall, that should not tell us anything that we do not yet know about the ECB’s point of view and its plans at this stage.

So at 1030 GMT we will hear BOE Governor Andrew Bailey as he talks in a webinar, but I will detail this in more detail in a separate article.

That’s all for the coming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.



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