The Day Ahead Europe and UK: German and UK Trade Balance, ECB and EU Speakers (Repeat)

The Day Ahead Japan & Australia: Japanese Machine Orders, Australian Employment (CEP News) - German trade balance and current account data are the first releases scheduled for Wednesday. The trade balance surplus is expected to fall to €17.3 billion from April to May, while the current account surplus is forecast to dip €2.0 billion to €12.5 billion over the same period. The UK's trade balance is also due out on Wednesday, and the total figure is forecasted to come in at a deficit of £4200M, slightly up from April's £4325M shortfall. Final euro zone GDP estimates will also be announced on Wednesday. No revisions to the preliminary estimates are expected. Regarding speakers, ECB President Jean-Claude Trichet will present the central bank's annual report for 2007 to the European Parliament in Strasbourg, France, while ECB... [read full story]