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Tuesday is a relatively slow day, with important reads out of the U.K. and France. In the U.S., investors will have the monthly budget statement as well as small business confidence to guide shares.Here’s what you need to know.
- The U.K. starts things off at 7:00 p.m. on Monday evening with the RICS House Price Balance. Economists anticipate prices declined 17 per cent year-on-year in May.
- Japan’s Tertiary Index hits at 7:50 p.m., with expectations for a 0.3 per cent gain in April. That would reverse a 0.6 per cent fall a month earlier.
- Employment outlooks for China, Taiwan, Singapore and Japan follow between 8:00 and 9:00 p.m. The reports, out of Manpower, do not have any consensus forecasts.
- Australian business confidence is expected at 9:30. It last read at 4.
- Announcements go quiet until 1:30 a.m. on Tuesday morning, when France will release its non-farm payrolls report. The final first quarter reading is expected to show a 0.1 per cent gain, in line with earlier reads.
- Indian industrial production is also scheduled for 1:30 a.m. Consensus is for a 1.7 per cent sequential gain in April.
- U.K. industrial production follows at 4:30 a.m., with expectations for a 0.1 per cent month-on-month gain in April.
- At 5:00 a.m., Portugal will release its May inflation report. Economists project CPI registered a 3.0 per cent increase compared to one year ago.
- Attention shifts to the U.S. at 7:30 a.m. with small business confidence. Economists forecast May optimism at 94.
- At 8:30 a.m. U.S. import prices will be announced for May. Projections are for a 1.0 per cent sequential decline.
- Closing out the day is a reading of the U.S. monthly budget statement at 2:00 p.m, which is seen at -$125 billion.
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.