Amante Spring Summer Dream collection Exclusive

The News:

ECB’s Vice President Constancio takes on responsibility for financial stability.


The Numbers:

British Summer Time, with expectations and previous figures in brackets.

00:50 JP Q1 Capital Spending –11.5%, Ex-Software –12.9%, versus –17.3% and –18.5% Q4.

07:00 GB May Nationwide House Prices +0.5% M/M, +9.8% Y/Y, versus revised +1.1% and +10.5% April.

09:30 GB May Services PMI (54.8 to 56.5 versus 55.3 April).

10:00 EZ16 April Retail Sales (-0.4% to +0.4% M/M, -0.3% to +0.4% Y/Y, versus +0.5% and +1.3% March).

12:30 US Fed’s Lockhart speaks on the economic outlook, Atlanta.

13:15 US May ADP Employment Change (+35K to +100K versus +32K April).

13:30 US final Q1 Unit Labour Costs (-1.8% to –0.4%, Non-Farm Productivity +2.7% to +3.8%, vs –1.6%/+3.6%).

13:30 US Weekly Jobless Claims (440K to 475K, Continuing Claims 4581K to 4640K, vs 460K and 4607K prior week).

15:00 US May Non-Manufacturing ISM (53.9 to 57.0 versus 55.4 April).

15:00 US April Factory Orders (+0.6% to +3.5% versus +1.3% March).

16:15 US Fed’s Bernanke speaks on small business’ needs, Detroit. Rosengren, Hoenig and Fisher later, elsewhere.


The Psychology:

G20 finance ministers’ and central bankers’ meeting starts in Busan, South Korea tomorrow.