Yellen’s speech is now history, so the market’s attention now turns to economic data from the United States.
- US Non-Farm Productivity: The report on the US Non-Farm productivity for the first quarter 2016 is due today and is expected to improve from -1.0 to -0.6. Over the recent years productivity has improved towards the year end after a decline in the first half of the year.
- Euro Area GDP: Eurozone Gross Domestic Product numbers are out today and are expected to come in unchanged from the previous numbers. The QoQ GDP change is expected to come in at 0.5% and YoY at 1.5%.
- As for the central bankers speeches, five ECB members are expected to speak later today. We will also hear from Eric Rosengren (FED) who will join ECB’s Liikanen in Helsinki
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