Caixin services business activity index. China, 03:45 (GMT+2) 05 Jun

05Jun.202402:45

Caixin services business activity index. China, 03:45 (GMT+2)

At 03:45 (GMT+2), the May Caixin service PMI is due. It is calculated based on a survey of purchasing managers of non-manufacturing enterprises. At the same time, their attitude to the current economic situation and prospects for further development is assessed. It may grow from 52.5 points to 52.6 points, supporting the yuan.

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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.

05 Jun. 2024 09:00

Services business activity index. EU, 10:00 (GMT+2)

At 10:00 (GMT+2), the EU service PMI for May is due, based on a survey of purchasing managers of non-manufacturing enterprises. At the same time, their attitude to the current economic situation and prospects for further development is assessed. It may consolidate at 53.3 points in May, and the composite value may rise from 51.7 points to 52.3 points.

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