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Thursday means jobs day in the U.S., with markets eagerly waiting for the initial unemployment claims report. Key reports out of the ECB and Bank of Canada are also likely to guide shares.Here’s what you need to know.
- The Philippines start things off at 9:00 p.m. on Wednesday evening with April’s trade balance. Economists predict exports increased 0.5 per cent year-on-year.
- Announcements go quiet until 12:30 a.m. on Thursday morning, when Japan releases its final reading of April industrial production. The last reading showed a 0.2 per cent advance.
- German wholesale prices follow at 2:00 a.m. There is no consensus for the report.
- Spanish home prices hit at 3:00 a.m.
- The European Central Bank will publish its monthly report at 4:00 a.m.
- Eurozone core CPI is scheduled for 5:00 a.m., with expectations for a 0.2 per cent sequential decline in May.
- Brazilian April retail sales are expected at 8:00 a.m. Projections are for a 1.4 per cent gain month-on-month in April.
- Attention shifts to the U.S. at 8:30 a.m. with consumer prices. Economists forecast May CPI fell 0.2 per cent, but gained 0.2 per cent when excluding food and energy costs.
- The key initial jobless claims report is forecast to show 375,000 first time filers, down sightly from last week’s 377,000.
- Closing out the day is a review of the Canadian financial system by the Bank of Canada at 10:30 a.m.
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.