Market movers for the day – Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, lists down the key events and economic releases with their expectations for the day.

Key Quotes

“We have German unemployment (seen -5K), Eurozone M3 money supply (seen unchanged at 5.0% y-o-y), Eurozone unemployment (consensus: 10.2%), and the flash May CPI estimate (seen -0.1% y-o-y headline, 0.8% core).

India also has Q1 GDP (consensus: 7.5% y-o-y), the US releases personal income and spending (the latter expected to exceed the former again), Canada has March GDP (seen 1.4% y-o-y) and Q1 GDP (consensus: 2.8% q-o-q annualized), and we finish with the US again with S&P/CS house prices, the Chicago PMI, and consumer confidence.”