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Services PMI. Japan, 06:30 (GMT+2) 20 May

20May.202405:30

Services PMI. Japan, 06:30 (GMT+2)

At 06:30 (GMT+2), the March Services PMI from the Japanese Ministry of Economy, Trade, and Industry will be published. 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 PMI. If the value rises from the current 0.60 points, this, in turn, may support the yen exchange rate.

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Westpac Banking Corp. Consumer Sentiment Index. Australia, 02:30 (GMT+2)
20 May. 2024 01:30
Westpac Banking Corp. Consumer Sentiment Index. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), the consumer sentiment index from the country's largest bank, Westpac Banking Corp., will be published in Australia. This indicator measures the level of confidence in economic activity and is compiled on the basis of a survey of about 1.2 thousand respondents who are asked to assess its prospects in the future. If the indicator continues its negative dynamics from the current -2.4%, this will act as a catalyst for the depreciation of the national currency.

Producer Price Index. Germany, 08:00 (GMT+2)
20 May. 2024 07:00
Producer Price Index. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2) in Germany, the April producer price index (PPI) will be published. This is the main indicator of the level of inflation in the country, reflecting the monthly change in prices for goods and services provided by manufacturers, and has a significant impact on the decisions of regulators in the field of monetary policy. If the indicator continues to show negative dynamics from 0.2% on a monthly basis and from -2.9% on an annual basis, this will act as a driver for a decrease in euro quotes.

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