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Monday is a relatively slow day in the U.S., with few major earnings announcements. On the macro front, markets will be looking to a GDP reading in Thailand, home prices in the U.K., and business activity in Japan and the U.S.Here’s what you need to know.
- The U.K. starts things off at 7:00 p.m. on Sunday evening with a reading of May home prices from Rightmove, which last showed a 2.9 per cent sequential increase in April.
- At 10:30 p.m. Thailand will release its first quarter GDP report. Economists forecast the economy grew 10.0 per cent quarter-on-quarter, following a 10.7 per cent decline at the end of 2011.
- Japanese business activity follows at 12:30 a.m. on Monday morning, with expectations for activity to have declined 0.1 per cent in March.
- Swiss consumer confidence is scheduled for 1:45 a.m. Economists anticipate confidence improved in April, increasing 4 points to -15.
- Euro area construction output hits at 5:00 a.m. There is no consensus for the March report.
- Attention shifts to the U.S. at 8:30 a.m. with a reading of national activity in April from the Chicago Fed. The report last registered at -0.29.
Below, the major earnings announcements scheduled for the day.
Krispy Kreme Doughnuts (KKD): $0.09
Campbell Soup (CPB): $0.52
Urban Outfitters (URBN): $0.20
Lowe’s Cos (LOW): $0.42
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.
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