New York Session Heads Up May 02 2022

New York Session Heads Up May 02 2022

• Zelenskyy Aide: Ukraine To Launch Counteroffensive By Mid-June
• PMI: Eurozone Factory Output Growth Stalled In April 2022
• Eurozone Confidence Sours With Economic Gauge At 1-Year Low
• ECB’s De Guindos: ECB Rate Hike Possible But Not Likely In July
• PMI: Weaker Demand Cloud Outlook For German Manufacturers
• German Retail Sales Unexpectedly Fall In March 2022
• BoJ: Fuel, Food-Driven Gains To Keep Propping Up Japan Inflation
• EU May Offer Hungary, Slovakia Exemptions From Russian Oil Embargo
• US Stock Futures Climb After Worst Month Since 2020
• Asian Factories Defy China Slowdown As Eurozone Loses Momentum
• Russia’s Lavrov: May 9 Not A Relevant Date For Ukraine Operations
• China Maintains Covid Fight As Virus Lockdowns Pummel Economy
• China Meets Banks To Discuss Protecting Assets From US Sanctions
• China’s April Factory Activity Contracts Amid Shanghai Lockdown
• Japan’s April Factory Activity Expands At Slower Rate
• Australian Interest Rates Won’t Rise Yet Says Former RBA Economist
• ECB’s De Guindos: Rate Hike Possible But Not Likely in July
• Spain Requests Access to Second Tranche Of EU’s Post-Covid Plan
• Australia Yields Hit Highest Since 2014 With RBA, Fed Hikes Seen
• Bank Of Russia Rejects Ruble-Gold Peg Idea, Differs With Kremlin
• Oil Holds Losses As Traders Weigh China Covid Measures, EU Moves
• Germany: Dependence On Russian Oil Could End In Late Summer
• Europe To Make Fresh Push To Revive Iran Nuclear Deal
• Asia Stocks Dip After US Tech Earnings Stoke Growth Concerns

 

Economic Data

• Eurozone Economic Confidence Apr: 105.0 (est 108.0; prev 108.5; prevR 106.7)
• Eurozone Markit Manufacturing PMI Apr: 55.5 (est 55.30; prev 56.50)
• German Retail Sales (M/M) Mar: -0.1% (est 0.2%; prev 0.3%; prevR 0.2%)
• German S&P Global/ BME Markit Manufacturing PMI Apr F: 54.6 (est 54.1; prev 54.1)
• French S&P Global Markit Manufacturing PMI Apr F: 55.7 (est 55.4; prev 54.7)
• Spanish S&P Global Markit Manufacturing PMI Apr: 53.3 (est 54.0; prev 54.2)
• Swiss PMI Manufacturing Apr: 62.5 (est 61.5; prev 64.0)
• Swiss SECO Consumer Confidence Q2: -27.4 (est -15.5; prev -3.60; prevR -3.8)
• Italian Unemployment Rate Mar: 8.3% (est 8.70%; prev 8.50%)
• Italian S&P Global Markit Manufacturing PMI Apr: 54.5 (est 55.0; prev 55.8)
• Sweden Swedbank/Silf Manufacturing PMI Apr: 55.0 (est 55.0; prev 57.3; prevR 56.8)
• Norway DNB/NIMA Manufacturing PMI Apr: 60.6 (est 57.5; prev 59.6; prevR 59.7)
• Australian RBA Commodity Index SDR (Y/Y) Apr: 39.9% (est 49.70%; prev 40.90%)
• Japan Jibun Bank Manufacturing PMI Apr F: 53.5 (prevR 54.1)
• Australia Melbourne Institute Inflation (M/M) Apr: -0.1% (prev 0.8%)
• Australia Manufacturing PMI Apr F: 58.8 (prevR 57.7)
• Australia ANZ Job Advertisements (M/M) Apr: -0.5% (prev 0.4%; prevR 0.7%)
• Australia CoreLogic House Px (M/M) Apr: 0.3% (prev 0.3%)

 

Ukraine War

• German Fin Min Baerbock: Sanctions Will Only Be Lifted After Russian Withdrawal – BBG
• Ukraine To Launch Counteroffensive By Mid-June: Zelenskyy Aide – Nikkei
• Russia Resumed Shelling Of Steel Works After Evacuation Buses Left – Mayor’s Aide – RTRS

 

Crypto

• Bored Ape Metaverse Frenzy Raises Millions, Crashes Ethereum – BBG
• Wall Street Reluctantly Embraces Crypto – WSJ
• Tax Breaks, Bragging Rights Drive Crypto And NFT Donations – WSJ
• Bitcoin Declared Legal Currency In Central African Republic – BBG
• Solana Suffers Seven-Hour Outage As NFT Demand Spills Over – BBG