Daily Economic Calendar – May 4, 2017

There’s plenty on the economic calendar agenda for this Thursday, so let’s get going.
First of all, it’s a bank holiday in Japan as Greenery or Nature Day is celebrated.
Then we have Swiss Consumer Sentiment for April open the schedule at an early 5:45 AM. Sentiment has significantly improved according to the latest survey as index has climbed to minus 3 points, rising above its long-term average.
It’s followed by a batch of Services PMI releases for April, including Italian stats at 7:45. Finalized French figures will be available 5 minutes later, Finalized German numbers at five to 8 and the whole bloc’s finalized data at 8 AM.
A couple of publications regarding the UK economy will be released at 8:30, including the Services PMI for April.
Net Lending to individuals for March is the other item out at this time. Previous report showed a slight increase, but a pull back is expected this time around.
Euro Zone retail sales for March follow at 9 o’clock. Sales jumped by point 7% in February after three consecutive monthly declines.
Then it’s busy for traders of North American Dollar duo at a half past noon GMT. At this time we’ll get the high importance US jobless claims update. Week ending April the 22nd brought an increase of 14 thousand, but markets anticipate a decline in this publication.
US trade balance for March will also be out at the same time. Deficit narrowed down sharply in February by almost 10% from January’s level.
Preliminary Productivity and Costs for first quarter is the final of the three US publications scheduled at 12:30 PM. Productivity increased at a 1.3-percent annual rate during the fourth quarter of last year, while costs in the nonfarm business sector increased 1.7 percent.
The high importance Canadian trade balance for March wraps up the data run at 12:30. Three consecutive monthly surpluses were followed by month in the red in February.
US factory orders for March are up next at 2 PM GMT. Orders have increased for three consecutive months now and this trend is expected to continue.
Then we have a couple of high importance speeches – ECB President Mario Draghi will speak in Lausanne at 4:30 PM GMT.
Bank of Canada Governor Stephen Poloz is scheduled to deliver a speech in Mexico at 8:25.
Then Reserve Bank of Australia will give their statement on monetary policy at 1:30 in the morning and it’s followed by a known Kiwi Dollar mover – second quarter New Zealand inflation expectations, which is the final item on this busy agenda.