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With the economic Super Bowl over last Friday, there are relatively few major announcements impacting markets on Monday. In the U.S., investors will be waiting for the factory orders report.Here’s what you need to know.
- Australia starts things off at 8:30 p.m. on Sunday evening with May inflation. There is no consensus for the report.
- At 9:30 p.m. both corporate inventories and operating profits in Australia will be released. Expectations are for inventories to advance 0.7 per cent during the first quarter as profits decline 2.5 per cent.
- Announcements go quiet until Swedish services PMI at 2:30 a.m. on Monday morning.
- Spanish unemployment figures will be released at 3:00 a.m. Consensus is for the number of unemployed to decline by 31,000.
- At 5:00 a.m., eurozone PPI will be released. Expectations are for a 0.2 monthly increase in April, representing a 2.7 per cent year-on-year gain.
- Brazilian and Chilean central bank minutes are scheduled for 7:30 and 8:30 a.m., respectively.
- Mexican consumer confidence will be announced at 8:30 a.m. with forecasts for the key index to decline 10 basis points in May to 97.1.
- Attention shifts to the U.S. at 9:45 a.m. with the ISM New York report.
- Factory orders finish the day off at 10:00 a.m. Economists project orders advanced by 0.2 per cent in April.
Below, the key earnings announcement scheduled for Monday.
Dollar General (DG): $0.60
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.