Market moving info – week starting June 1, 2015

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting June 1.

Last week:

  • Deposits in Greek banks have fallen to their lowest level in 10 years as worries mount that the country won’t strike a deal with its creditors in time.
  • European companies posted the best earnings in the first quarter, helped by the depreciating euro due to the European Central Bank’s asset purchases.

This week:

Monday, June 1

Europe:

  • Eurozone manufacturing PMI for June.
  • Germany manufacturing PMI for May.
  • France manufacturing PMI for June.
  • France jobseekers for May.
  • Italy manufacturing PMI for May.
  • Italy budget balance for May.
  • Italy new car registrations for May.
  • Spain manufacturing PMI for May.
  • Netherlands manufacturing PMI for May.
  • Belgium GDP.
  • UK manufacturing PMI for May.
  • Sweden retail sales.
  • Russia HSBC manufacturing PMI.
  • Turkey HSBC manufacturing PMI.
  • Poland HSBC manufacturing PMI.
  • Czech HSBC manufacturing PMI.

US:

  • Personal income, spending for May.
  • Construction spending for April.
  • IMS manufacturing index for May.
  • Boston Fed President Eric Rosengren speaks.

Rest of the world:

  • China official PMI figures for May.
  • China HSBC PMI figures for May, final.
  • Japan manufacturing PMI for May.
  • Japan monetary base data.
  • Canada RBC manufacturing PMI for May.
  • India HSBC manufacturing PMI for May.

Corporate events:

  • Q1 2015 PVH Corp Earnings Release.
  • Q1 2015 HTG Molecular Diagnostics Inc Earnings Release.

Tuesday, June 2

Europe:

  • Eurozone PPI for April.
  • Eurozone core inflation for May.
  • Germany unemployment for June.
  • UK mortgage approvals, credit for April.
  • Spain unemployment for May.
  • Ireland manufacturing PMI.
  • Greece manufacturing PMI.
  • UK construction PMI for May.
  • British Retail Consortium shop price index for May.
  • Swedish central bank to publish 2014 financial stability report.

US:

  • Auto sales for May.
  • New York PMI current business conditions.
  • Factory orders for April.
  • Manufacturers’ new orders.

Rest of the world:

  • Japan average cash earnings.
  • Australia current account balance for May.
  • Reserve Bank of Australia cash target rate.
  • Brazil industrial production for April.
  • Reserve Bank of India monetary policy decision.

Corporate events:

  • Full Year 2014 AO World PLC Earnings Release.
  • Full Year 2014 Londonmetric Property PLC Earnings Release.
  • May 2015 Ford Motor Co Sales Release.
  • Q1 2015 Dollar General Corp Earnings Release.

Wednesday, June 3

Europe:

  • OECD publishes economic outlook.
  • ECB interest rate decision, news conference by Mario Draghi.
  • Eurozone composite, services PMI.
  • Eurozone retail sales for April.
  • Eurozone unemployment.
  • Germany composite, services PMI for June.
  • France composite, services PMI for June.
  • Italy composite, services PMI for May.
  • Italy first-quarter and monthly unemployment.
  • Spain composite, services PMI for May.
  • Belgium unemployment.
  • UK composite, services PMI for May.
  • UK Nationwide house prices for May.
  • UK official reserves for May.
  • Russia HSBC composite, services PMI for May.
  • Turkey May inflation.
  • Poland interest rate announcement.

US

  • Weekly mortgage applications data from the Mortgage Bankers Association.
  • Weekly crude inventories.
  • ADP employment report for May.
  • Trade balance for May.
  • ISM non-manufacturing PMI for May.
  • Fed Beige Book released.
  • Chicago Fed President Charles Evans speaks.

Rest of the world:

  • China HSBC composite, services PMI for May.
  • Japan composite, services PMI for May.
  • Australia first-quarter GDP.
  • Brazil interest rate announcement.
  • South Africa May HSBC PMI.
  • India composite, services PMI for May.

Corporate events:

  • WH Smith PLC Trading Statement Release.
  • May 2015 AutoNation Inc Corporate Sales Release.
  • Costco Wholesale Corp May 2015 Sales Results.

Thursday, June 4

Europe:

  • Eurozone retail PMI for May.
  • Germany construction PMI for May.
  • Markit Germany retail PMI.
  • France first-quarter ILO unemployment.
  • France retail PMI for May.
  • Italy retail PMI for May.
  • Netherlands inflation for May.
  • Bank of England monetary policy decisions.
  • Greece unemployment for March.

US:

  • Weekly natural gas inventories.
  • Weekly jobless claims.
  • Challenger job cuts for May.
  • Nonfarm productivity, unit labour costs for first quarter.

Rest of the world:

  • Bank of Japan Governor Haruhiko Kuroda speaks.
  • South Africa electricity consumption, production data.

Corporate events:

  • Full Year 2015 Pets at Home Group PLC Earnings Release.
  • May 2015 Gap Inc Corporate Sales Release.
  • May 2015 Rite Aid Corp Corporate Sales Release.
  • Q3 2015 Diamond Foods Inc Earnings Release.

Friday, June 5

Europe

  • Eurozone first-quarter GDP second reading.
  • Germany factory orders for April.
  • France trade balance.
  • Spain industrial production.
  • UK inflation expectations in GfK survey.
  • Sweden budget balance.
  • Russia official reserve assets for May.
  • Poland official reserve assets for May.
  • Ukraine inflation for May.

US

  • Nonfarm payrolls, unemployment, earnings for May.
  • New York Fed President William Dudley speaks.
  • Consumer credit total change.

Rest of the world:

  • Canada unemployment for May.
  • Mexico May consumer confidence.
  • South Africa net foreign currency position.

Corporate events:

  • Q4 2015 Multi-Color Corp Earnings Release.