In the US, the most important releases are trade balance, ISM non-manufacturing PMI, factory orders and JOLTs job openings. Also, investors will be waiting for: ISM New York Index; IBD/TIPP Economic Optimism; consumer credit change; and final readings of Markit Services PMI, wholesale inventories, and non farm productivity.
The UK will publish Markit PMIs for both construction and service sectors, new car sales and Halifax house prices. Elsewhere in Europe, Italy and Spain are set to publish flash Services PMIs for May, while the Eurozone, Germany and France are expected to release the final estimate. Other important figures include: the Euro Area third estimate of GDP growth and retail sales; Germany trade balance, factory orders and industrial production; France trade balance and industrial output; Italy retail sales; Switzerland inflation; and Turkey interest rate decision and inflation.
In Japan, analysts are eyeing the publication of the final estimate of Q1 GDP growth rate, alongside household spending, leading and coincident indexes, and current account. Meanwhile, China will release figures for trade balance, inflation and producer prices, and Caixin Services PMI.
In Australia, the RBA will be deciding on monetary policy, with markets anticipating no changes. The most important economic releases include Q1 GDP growth rate, foreign trade, retail sales and AIG Services index.
Other key highlights include: India interest rate decision; Canada employment change, unemployment rate, trade balance and Ivey PMI; Mexico inflation; Brazil inflation and industrial output; Indonesia and the Philippines inflation rates; and South Africa Q1 GDP growth.