Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
04:30 Japan Tertiary Industry Index March -0.1% -0.2% -0.7%
06:00 Germany CPI, m/m (Finally) April 0.8% -0.4% -0.4%
06:00 Germany CPI, y/y (Finally) April 0.3% -0.1% -0.1%
06:00 Germany GDP (QoQ) (Preliminary) Quarter I 0.3% 0.6% 0.7%
06:00 Germany GDP (YoY) (Preliminary) Quarter I 2.1% 1.5% 1.3%
06:45 France Non-Farm Payrolls (Preliminary) Quarter I 0.2% 0.2%
09:00 Eurozone GDP (QoQ) (Revised) Quarter I 0.3% 0.6% 0.5%
09:00 Eurozone GDP (YoY) (Revised) Quarter I 1.6% 1.6% 1.5%
The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data from the U.S. The U.S. retail sales are expected to rise 0.7% in April, after a 0.7% decline in March.
The U.S. PPI is expected to increase 0.3% in April, after a 0.1% drop in March.
The U.S. producer price inflation excluding food and energy is expected to rise 0.1% in April, after a 0.1% fall in March.
The preliminary Thomson Reuters/University of Michigan consumer sentiment index is expected to increase to 91.0 in May from 89.0 in April.
The euro traded mixed against the U.S. dollar on the GDP data from the Eurozone. Eurostat released its revised gross domestic product (GDP) data for the Eurozone on Friday. Eurozone's revised GDP rose 0.5% in first quarter, down from the preliminary reading of a 0.6% increase, after a 0.3% gain in the fourth quarter.
On a yearly basis, Eurozone's revised gross domestic product (GDP) increased 1.5% in fourth quarter, down from the preliminary reading of a 1.6% growth, after a 1.6% rise in the fourth quarter.
Destatis released its gross domestic product (GDP) growth for Germany on Friday. Germany's preliminary GDP gained by 0.7% in the first quarter, exceeding expectations for a 0.6% growth, after a 0.3% increase in the fourth quarter.
The increase was driven by domestic demand and capital formation. Both general government final consumption expenditure and household final consumption expenditure increased in the first quarter.
The trade effect was negative as imports climbed faster than exports.
On a yearly basis, Germany's GDP fell to 1.3% in the first quarter from 2.1% in the fourth quarter, missing expectations for a 1.5% growth.
The British pound traded mixed against the U.S. dollar on the weak construction output data from the U.K. The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. declined 3.6% in March. It was the biggest drop since December 2012.
The decline was driven by a drop in all new work and repair and maintenance, which both plunged 3.6% in March.
On a yearly basis, construction output decreased 4.5% in March. It was the biggest decline since March 2013.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair climbed to Y108.95
The most important news that are expected (GMT0):
12:30 U.S. Retail sales April -0.4% 0.7%
12:30 U.S. Retail Sales YoY April 1.7%
12:30 U.S. Retail sales excluding auto April 0.1% 0.3%
12:30 U.S. PPI, m/m April -0.1% 0.3%
12:30 U.S. PPI, y/y April -0.1%
12:30 U.S. PPI excluding food and energy, m/m April -0.1% 0.1%
12:30 U.S. PPI excluding food and energy, Y/Y April 1%
14:00 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) May 89 91
14:00 U.S. Business inventories March -0.1% 0.2%