Schedule for today, Thursday, May 24'2012:

02:00 New Zealand Annual Budget Release -

02:30 China HSBC Manufacturing PMI (preliminary) May 49.3

05:00 Japan BoJ monthly economic report May

06:00 Switzerland Trade Balance April 1.69 1.95

06:00 Germany GDP (QoQ) (finally) Quarter I -0.2% +0.5%

06:00 Germany GDP (wda) (YoY) (finally) Quarter I +1.5% +1.7%

07:00 France Manufacturing PMI (preliminary) May 46.9 47.1

07:00 France Services PMI (preliminary) May 45.2 45.8

07:30 Germany Manufacturing PMI (preliminary) May 46.2 47.1

07:30 Germany Services PMI (preliminary) March 52.2 51.9

08:00 Germany IFO - Business Climate May 109.9 109.5

08:00 Germany IFO - Current Assessment May 117.5 117.1

08:00 Germany IFO - Expectations May 102.7 102.0

08:00 Eurozone Manufacturing PMI (preliminary) May 45.9 46.1

08:00 Eurozone Services PMI (preliminary) May 46.9 47.0

08:30 United Kingdom GDP, q/q  I -0.3% -0.2%

08:30 United Kingdom GDP, y/y (revised) Quarter I +0.5% 0.0%

08:30 United Kingdom BBA Mortgage Approvals April 31.9 32.3

08:30 United Kingdom Business Investment, q/q Quarter I -3.3% +3.3%

08:30 United Kingdom Business Investment, y/y Quarter I +1.6% +9.2%

11:15 United Kingdom MPC Member Miles Speaks -

12:30 U.S. Initial Jobless Claims - 370 374

12:30 U.S. Durable Goods Orders April -4.2% +0.5%

12:30 U.S. Durable Goods Orders ex Transportation April -1.1% +1.2%

12:30 U.S. Durable goods orders ex defense April -0.8% -+0.5%

13:00 Belgium Business Climate May -10.7 -9.6

13:00 Eurozone ECB President Mario Draghi Speaks -

14:30 U.S. FOMC Member Dudley Speak -

19:00 U.S. Treasury Sec Geithner Speaks -

23:30 Japan National Consumer Price Index, y/y April +0.5% +0.4%

23:30 Japan National CPI Ex-Fresh Food, y/y April +0.2% +0.1%

23:30 Japan Tokyo Consumer Price Index, y/y May -0.3% -0.3%

23:30 Japan Tokyo CPI ex Fresh Food, y/y May -1.0% -1.0%