Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
German factory output will be the highlight Monday, with data expected to underline the ongoing year-on-year recovery in the the manufacturing sector.
April orders are expected to rise on March data but at a slower pace than seen in March. Analysts have pencilled in a gain of 1.0% versus a 3% rise previously and a 1.4% rise in Feb. The March increase was the fastest pace of growth since October and was led by a rise in domestic orders. With year-on-year comparisons against the early months of the pandemic difficult, comparisons to February 2020 saw orders higher by 9.1% in February. As a direct y/y comparison, orders may be up to 75% higher, analysts note.
Swiss data will be closely watched earlier in the session, with unemployment data the early highlight. Month-on-month,unemployment is expected to fall by 4.2% and by 1.4% y/y. The unemployment rate is expected to dip modestly to 3.3%. At 0730BST, Swiss inflation data will cross the wires, with prices expected to print 0.2% higher m/m and 0.3% y/y.
Spanish industrial production data for April, seen higher by 44.4% y/y is due at 0800BST.
RECORD HIGHS
At 0830GMT, UK may house prices from the Halifax will cross the wires. Recent data from the Nationwide suggested UK house prices were at record highs and the Halifax is expected to underline that trend.
There is no US data due until late in the day, with consumer credit expected at 2000BST.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.