Service PMI. Japan, 02:30 (GMT+2) 07 May

07May.202401:30

Service PMI. Japan, 02:30 (GMT+2)

At 02:30 (GMT+2) in Japan, the April index of business activity in the service sector from the national Ministry of Economy, Trade and Industry is due. The indicator reflects the total cost of services purchased by companies in key service industries (excluding manufacturing) and is a leading indicator of the Tankan Business Activity Index. It may rise from 54.1 points to 54.6 points, supporting the yen.

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07 May. 2024 00:01

BRC retail sales monitor. UK, 01:01 (GMT+2)

At 01:01 (GMT+2), April retail sales data from the British Retail Consortium (BRC) is due. The indicator considers the dynamics of sales of goods in stores open for at least a year based on the information they regularly provide. The April value may change from 3.2% to 1.8%, supporting the pound.

07 May. 2024 02:30

Retail sales. Australia, 03:30 (GMT+2)

At 03:30 (GMT+2), Australia will release Q1 retail sales data, a key indicator of consumer spending that has a significant impact on the country’s gross domestic product (GDP). The indicator records the monthly volume of all goods retailers sold based on samples of stores of different types and sizes. It may change from 0.3% to −0.2% MoM, putting pressure on the Australian currency.

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