Wednesday continues a surprisingly packed week in the U.S. with pending home sales. Internationally, markets will have eurozone consumer confidence, as well as a reading of the Japanese manufacturing industry, to guide shares.Here’s what you need to know.
- Japan starts things off at 7:15 p.m. on Tuesday evening with manufacturing PMI. There is no consensus for the May report, which follows a 50.7 reading.
- Australian retail sales follow at 9:30 p.m. with expectations for a 0.2 per cent sequential gain in April.
- Announcements go quiet until 3:00 a.m. on Wednesday morning, when Spain reports May preliminary consumer prices. Economists forecast CPI increased 2.1 per cent year-on-year.
- Swedish GDP is scheduled for 3:30 a.m. with forecasts for a 0.2 per cent gain during the first quarter.
- Italian producer prices follow at 4:00 a.m. Economists project prices increased 0.3 per cent in April.
- Consumer credit in the U.K. will be released at 4:30 a.m. Consensus is for net credit to increase by £200 million, following the £400 million gain in March.
- At 5:00 a.m., eurozone consumer confidence will be released. Expectations are for a preliminary reading of -19.3 to hold.
- At 8:30 a.m. Canada will announce industrial price changes in April. The index is seen advancing 0.1 per cent month-on-month.
- Attention shifts to the U.S. at 10:00 a.m. with a reading of pending home sales. Expectations are for no sequential change in April, representing a 22.0 per cent year-on-year gain.
There are no major earnings announcements scheduled in the U.S. on Tuesday.
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Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.
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