Recap 5-25-12

Main Items:

· US UMichigan Confidence was revised higher to 79.3 for May vs 77.8 exp and prev

· Greek government revenues declined 20% YoY in May. It projects that it will have enough cash until the end of June. Ekathimerini


  • German GfK Consumer Confidence improved to 5.7 for June vs 5.6 exp and prev
  • French Consumer Confidence improved to 90 in May vs 88 exp and prev
  • Italian Hourly Wages rose 1.4% YoY in Apr vs 1.2% prev
  • Japan CPI was unchanged at 0.2% YoY in Apr vs 0.1% exp

Upcoming Data:

  • Mon: US Memorial Day, Italy Business Confidence, South Korea Business Survey,
  • Tues: German CPI, US CaseShiller, Consumer Confidence, DallasFed, Japan PMI
  • Wed: Swiss KOF LEI, EU Money Supply, UK Money Supply, EU Confidence, US Pending Home Sales, UK Consumer Confidence,
  • Thurs: Month End, Swiss GDP, German Retail Sales, German Employment, EU CPI Estimate, US ADP, Jobless Claims, 1Q GDP 2nd Rev, Chicago PMI
  • Thurs Continued: Australia PMI, China PMI, HSBC PMI, South Korea PMI
  • Fri: EU PMI, Swiss PMI, UK PMI, Italian Unemployment, EU Unemployment, Canadian GDP, US Payrolls, Unemployment Personal Spending, ISM,