In the US the most important releases are retail trade, industrial production, building permits and housing starts. Also, investors will be waiting for: business inventories; overall net capital flows; NY Empire State Manufacturing Index; NAHB Housing Market Index; and Philadelphia Fed Manufacturing Index.
The UK will publish wages data and unemployment rate. Elsewhere in Europe, several countries are set to release preliminary GDP figures for the first quarter of the year, including Germany, Norway, the Netherlands and Poland. Markets will also focus on: the Eurozone second estimate of GDP growth, industrial production, trade balance and construction output; Germany ZEW Economic Sentiment Index and producer prices; Italy foreign trade; Poland interest rate decision; and Turkey unemployment rate.
In Japan, analysts are eyeing the publication of first quarter GDP growth, alongside inflation and machinery orders; while in China important data to be released include retail trade, industrial production and fixed asset investment. In Australia, key releases to watch for are employment figures and wage price index.
Other important figures include: Canada retail trade and inflation; Mexico and Brazil interest rate decisions; India inflation, foreign trade and wholesale prices; Indonesia interest rate decision and trade balance; Malaysia and Russia first quarter GDP growth rates; and South Africa jobless rate.