ADP Employment missed with 119k on expectations of 170k.
German April unemployment rose by +19,000 to 2.87 million persons, which showed a weaker labor market than expectations for a decline of -10,000. The German unemployment rate was unchanged at 6.8% after the upward revision in the March rate to 6.8% from 6.7%. The German April final manufacturing PMI was left unrevised from the preliminary report of 46.3. The French April final manufacturing PMI was revised lower to 46.9 from 47.3. Meanwhile, there were slightly weaker Eurozone economic figures as well. The March Eurozone unemployment rate ticked higher to a 15-year high of 10.9% from 10.8% in February. The final April Eurozone manufacturing PMI was revised slightly lower to 45.9 from 46.0 and was down from 47.7 in March.
Open Type
Open In Range (as of 5:22AM)
Trade Scenarios
RTH PP: 1401
Globex PP: 1400
Bull/Bear Line: 90 *but 1400 was key for bulls
- Longs: 91-89, 87, 83-80 with 95-96 & 1400+ targets
- Shorts: 95-96 & 1400-1403 with downside target's sub 90-89
Econ Calendar
Wed
May 2 | 00:15 |  | CHF Retail Sales (Real) (YoY) (MAR) | Medium | 1.1% | 0.8% | ||
| 00:30 | | CHF SVME-Purchasing Managers Index (APR) | Medium | 51 | 51.1 | |||
| 00:55 LIVE |  | EUR German Unemployment Change (APR) | High | -10K | -18K | |||
| 00:55 | | EUR German April Unemployment Data | Medium | |||||
| 00:55 | | EUR German Purchasing Manager Index Manufacturing (APR F) | Medium | 46.3 | 46.3 | |||
| 00:55 LIVE | | EUR German Unemployment Rate s.a. (APR) | Medium | 6.70% | 6.7% | |||
| 01:00 | | EUR Euro-Zone Purchasing Manager Index Manufacturing (APR F) | Medium | 46 | 46 | |||
| 01:30 |  | GBP Mortgage Approvals (MAR) | Medium | 48.0K | 49.0K | |||
| 01:30 | | GBP Net Consumer Credit (MAR) | Medium | 0.3B | 0.4B | |||
| 01:30 | | GBP Net Lending Sec. on Dwellings (MAR) | Medium | 1.0B | 1.2B | |||
| 01:30 | | GBP Purchasing Manager Index Construction (APR) | Medium | 54 | 56.7 | |||
| 02:00 | | EUR Euro-Zone Unemployment Rate (MAR) | Medium | 10.9% | 10.8% | |||
| 05:15 |  | USD ADP Employment Change (APR) | Medium | 175K | 209K | |||
| 07:00 | | USD Factory Orders (MAR) | Medium | -1.5% | 1.3% | |||
| 15:45 |  | NZD Employment Change (QoQ) (1Q) | Medium | 0.5% | 0.1% | |||
| 15:45 | | NZD Employment Change (YoY) (1Q) | Medium | 0.9% | 1.6% | |||
| 15:45 | | NZD Unemployment Rate (1Q) | Medium | 6.2% | 6.3% | |||
| 16:30 |  | AUD AiG Performance of Service Index (APR) | Medium | 47 | ||||
| 18:00 |  | CNY China Non-manufacturing PMI (APR) | Medium | 58 |
ES (3 minute, Daily)
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