Some minor data points to move things along before we get to the US non-farm payrolls release
Happy Friday, everyone! Hope you're all doing well as we look to get things going in the session ahead. It's been a quiet start to the day in markets with little changes across the board after some shifty sentiment overnight following US-Mexico trade headlines.
There will be a couple of light economic releases during the European morning but all eyes today will be on the US jobs report that is to come at 1230 GMT.
0545 GMT - Switzerland May unemployment rate
Prior release can be found here. A look at labour market conditions in the Swiss economy, which has been holding on tight for quite a while now. Despite that, it hasn't translated into sustainable inflationary pressures so the release here means little for now.
0600 GMT - Germany April industrial production data
Prior release can be found here. An indication of factory activity in the German economy, which is expected to remain slow as Q2 begins. A minor data point.
0600 GMT - Germany April trade balance data
Prior report can be found here. Much like previous editions, the focus will be on exports data to see if there are any improvements amid a worrying trade outlook.
0645 GMT - France April trade balance data
Prior report can be found here. With the French economy in neutral gear, the data here shouldn't offer too much of a fresh perspective in that regard.
0645 GMT - France April industrial, manufacturing production data
Prior release can be found here. An indication of factory activity in the French economy but the readings here will be taken as a general sentiment of euro area activity more than anything else. The French economy depends more heavily on its services sector, so yeah.
0700 GMT - Switzerland May foreign currency reserves
Prior release can be found here. A glimpse of FX reserves held by the SNB, nothing much else to gather from this.
0730 GMT - UK May Halifax house prices data
Prior release can be found here. An indication of housing market sentiment in the UK economy, which should continue to tell us that conditions remain subdued amid Brexit uncertainty.
0830 GMT - BOE/TNS inflation expectations survey
Prior report can be found here. A look at consumer inflation expectations; the release here tells of sentiment on the ground but it won't offer much help to the BOE as the central bank can only react to this after the Brexit quagmire is resolved.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!