05.06.201700:09:00UTC+00Fxwirepro: the Day ahead 5th June 2017

Not many economic data and events scheduled for today and some with high volatility risks associated.

Data released so far:

• Australia: TD Securities inflation gauge is up 2.8 percent y/y in May. Companies’ gross operating profit grew 6 percent q/q in the first quarter.
   
• China: Caixin services PMI grew to 52.8 in May.

Upcoming:

• Spain: Markit services PMI report will be published at 7:15 GMT.
   
• Italy: Markit services PMI report will be published at 7:45 GMT.
   
• France: Markit services PMI report will be published at 7:50 GMT.
   
• Germany: Markit services PMI report will be published at 7:55 GMT.
   
• Eurozone: Markit services PMI report will be published at 8:00 GMT.
   
• United Kingdom: Services PMI report will be published at 8:30 GMT. BRC retail sales report will be published at 23:00 GMT.
   
• United States: 1st quarter non-farm productivity report will be released at 12:30 GMT, along with labor cost report. Markit services PMI report will be published at 13:45 GMT, followed by ISM non-manufacturing PMI, and Factory orders at 14:00 GMT. Labor market condition index will be updated at 14:05 GMT.
   
• Auction: The US will auction 3-month and 6-month bills at 15:30 GMT.