2012.05.25 22:16:49 G7 Political, Economic Calendar - Week Ahead -2-

Refinery Runs 84.7% 2301 UK May UK Consumer Confidence Survey Consumer Confidence -31 2350 JPN Apr Preliminary Industrial Production Industrial Output (on month) +0.5% +1.3% Inventory-Shipments Ratio (on month) +4.6% Shipments (on month) -0.1% Inventories (on month) +4.3% Companies Forecast Ind Output In Following Month +1% Companies Forecast Ind Output Two Months Later -4.1% Industrial Output For 3 Month Period (on quarter) +2% N/A JPN Bank of Japan - Bank of Japan International Conference N/A EU Apr New Commercial Vehicle Registrations in Europe statistics (EU27 + EFTA3) N/A GER Council of the Baltic Sea States - Baltic Sea States Summit N/A CAN OECD - OECD Global Forum on Biotechnology N/A US World Bank - World Bank and IFC's Global Housing Finance Conference Thursday, May 31, 2012 Exp Prev GMT 0400 JPN Apr Auto exports Auto Exports (on year) +38% 0400 JPN Apr Auto production Auto Production (on year) +143.7% 0430 JPN Apr Preliminary Report on Petroleum Statistics 0500 JPN Apr Housing Starts Housing Starts +3.4% +5% 0500 JPN Apr Construction Orders Construction Orders -0.3% 0600 GER Apr Retail Trade Retail Sales Monthly +0.8% Retail Sales Yearly +2.3% 0600 UK May Nationwide House Price Index House Prices Monthly -0.2% House Prices Yearly -0.9% 0645 FRA Apr Household consumption expenditure in manufactured goods Consumer Spending Monthly -2.9% Consumer Spending Yearly -2% 0645 FRA Apr PPI Producer Prices Monthly +0.5% Producer Prices Yearly +2.1% 0700 EU European Parliament Committee on Economic & Monetary Affairs - Mario Draghi presents ESRB Annual Report at European Parliament's ECON committee 0800 GER May Labour market statistics (incl unemployment) Jobless Claims (Adjusted) +19000 Jobless Claims (Unadjusted) 2.96M Jobless Rate (Adjusted) 6.8 Jobless Rate (Unadjusted) 7 0900 EU May Flash Estimate euro area inflation CPI (Flash Est) +2.6% 0900 ITA May Provisional CPI CPI Monthly Preliminary +0.5% CPI Yearly Preliminary +3.3% 0900 ITA May Cities CPI 1130 US May Challenger Job-Cut Report Job Cuts, Percent Change, MoM +7.1% 1200 US National Association for Business Economics - Cleveland Fed President Sandra Pianalto speech at NABE Industry Conference 1215 US May ADP National Employment Report Private Payrolls Forecast +150000 +119000 1230 US May 26 Unemployment Insurance Weekly Claims Report - Initial Claims Weekly Jobless Claims 370K 370K Weekly Jobless Claims Net Change 0 -2K Cont Jobless Claims (prior week) 3260000 Cont Jobless Claims Net Chg (prior week) -29K 1230 CAN Q1 Balance of Payments Current Account Balance -11.1B -10.33B 1230 CAN Mar Payroll employment, earnings & hours Y/Y +1.8% 1230 US Q1 Preliminary Corporate Profits 1230 US Q1 2nd estimate GDP GDP +1.9% +2.2% Chain-Weighted Price Index +1.5% +1.5% PCE Price Index +2.4% Purchase Price Index +2.4% Real Final Sales +1.6% Core PCE Price Index (Ex Food/Energy) +2.1% Personal Consumption +2.9% 1345 US May ISM-Chicago Business Survey - Chicago PMI Employment Index 58.7 New Orders Index 57.4 Prices Paid Index 68.6 Purchasing Managers Index (Adjusted) 56 56.2 Supplier Deliveries Index 55.6 1345 US May 27 Bloomberg Consumer Comfort Index Consumer Comfort -42 1400 US May 19 DJ-BTMU U.S. Business Barometer DJ-BTMU Business Barometer -0.2% DJ-BTMU Business Barometer (52 Wk) +1.6% 1430 US May 25 EIA Weekly Natural Gas Storage Report Total Working Gas in Storage 2744B Total Working Gas in Storage (Net Change) +77B 1500 US May 25 EIA Weekly Petroleum Status Report Crude Oil Stocks 382.53M Crude Oil Stocks (Net Change) +0.88M Gasoline Stocks 201.01M Gasoline Stocks (Net Change) -3.3M Distillate Stocks 119.49M Distillate Stocks (Net Change) -0.31M Refinery Usage 88.1% Total Products Supplied 18.68M Total Products Supplied (Net Change) -0.33M 1600 US May ICSC Chain Store Sales Trends 1700 US May Dow Jones Economic Sentiment Indicator DJ Economic Sentiment Indicator 47.8 1900 US May Agricultural Prices Farm Prices, MoM -3.8% 2030 US May 30 Federal Discount Window Borrowings Primary Credit Borrowings 22M Primary Credit Borrowings W/E Daily Avg 13M Discount Window Borrowings 5.83B Discount Window Borrowings W/E Daily Avg 6.15B 2030 US May 21 Money Stock Measures 2030 US May 30 Foreign Central Bank Holdings Foreign US Debt Holdings 3.51T US Foreign Agency Holdings 721.4B Foreign Treasury Holdings 2.79T 2350 JPN Q1 Quarterly Financial Statements Statistics of Corporations N/A EU European Commission - Brussels Economic Forum N/A GER OECD - OECD Environmental Performance Review: Germany launch N/A UK The Group of Thirty - Group of Thirty Plenary Meeting N/A JPN Apr Provisional Labour Survey - Earnings, Employment & Hours Worked Friday, June 1, 2012 Exp Prev GMT 0400 EU May European Monster Employment Index 0401 US May U.S. Monster Employment Index 0500 JPN Apr Steel Imports & Exports Statistics 0515 JPN May Auto sales Domestic Auto Sales (on year) +92% 0745 ITA May Italy Manufacturing PMI PMI Manufacturing 43.8 0750 FRA May France Manufacturing PMI PMI Manufacturing 46.9 0755 GER May Germany Manufacturing PMI PMI Manufacturing 46.2 0800 EU May Eurozone Manufacturing PMI PMI Manufacturing 45.9 0830 UK May CIPS Manufacturing PMI Manufacturing Output 50.5 0830 UK Q1 Bank of England external business stats 0900 EU Apr Unemployment Jobless Rate 10.9% 1230 CAN Mar GDP by Industry GDP +0.3% -0.2% GDP Annualized +1.8% Imports +0.5% (MORE TO FOLLOW) Dow Jones Newswires May 25, 2012 16:16 ET (20:16 GMT)