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Services PMI. Japan, 02:30 (GMT+2) 05 Jun

05Jun.202401:30

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

At 02:30 (GMT+2), Japan will release the Services PMI for May from the Ministry of Economy, Trade and Industry. The indicator reflects the total value of services purchased by companies in key service industries (excluding manufacturing) and is a leading indicator for the Tankan PMI. It may stay at 53.6 points in May, supporting the yen.

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Crude oil inventories. USA, 22:30 (GMT+2)
04 Jun. 2024 21:30
Crude oil inventories. USA, 22:30 (GMT+2)

At 22:30 (GMT+2), the weekly report on oil reserves, gasoline, and distillates volumes from the American Petroleum Institute (API) is due. The statistics last recorded a correction to –6.490M barrels of crude oil, supporting oil prices.

Gross domestic product. Australia, 02:30 (GMT+2)
05 Jun. 2024 01:30
Gross domestic product. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Australia’s Q1 gross domestic product (GDP) is due. It is the main indicator reflecting the state of the national economy and considers domestic consumption, investment, government spending, and exports. The Australian economy may remain at 0.2% QoQ and change from 1.5% to 1.2% YoY, putting pressure on the Australian dollar.

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