Eurozone Q1 GDP final reading in focus (but not expected to be market moving)
Good day, everyone! Hope you're all doing well as we head into European trading later. It'll be another session with a couple of data points here and there but none of which are expected to be of major importance. Here's what is on the agenda:
0545 GMT - Switzerland May unemployment rate
Prior report can be found here. A minor data point, provides a general indication of tightness in the Swiss labour market - which has been doing decently.
0600 GMT - Germany April factory orders
Prior release can be found here. Low-tier data as it is a lagging one, but will add to general sentiment regarding Q2 economic performance.
0645 GMT - France April trade balance
Prior release can be found here. Not a substantial data point by any means.
0700 GMT - SNB May foreign currency reserves
Prior release can be found here. Just a general overview of the SNB's reserves, nothing overly market moving - but a possible indicator of currency intervention as well.
0730 GMT - UK May Halifax house price index
Prior report can be found here. A glimpse into the UK housing market, not a major data point but provides a general sentiment of the UK economy.
0800 GMT - Italy April retail sales data
Prior release can be found here. A minor data point, but will be another one to add to general consumer sentiment of the Eurozone economy.
0900 GMT - Eurozone Q1 GDP final reading
The second reading can be found here. As this is the final reading, it's not going to be one which has any major bearings on market movement - unless there is a major revision that is.
That is all for the session, I wish you all the best of days ahead and as always, good luck with your trading!
