US and UK financial market’s are closed due to Public Holidays Forecast Previous CAD 12:30 (GMT) GDP m/m 0.2% -0.2% CAD 12:30 (GMT) Current Account -2.9B -11.0B Currencies EUR/USD The euro fell for the first time in three days against the dollar amid concern European governments will struggle to resolve the sovereign debt crisis, damping demand for the region’s assets. The International Monetary Fund, the European Union and the European Central Bank are expected to deliver their report on Greece’s progress on its austerity measures The euro declined to $1.4269 as of 6:03 a.m. in London from $1.4319 in New York last week. USD/JPY The U.S. dollar rose against most major counterparts Monday, getting a lift against the euro in particular as investors awaited the results of a review of Greece’s fiscal progress. The dollar was at 80.81 yen from 80.80 yen on May 27. GBP/USD The pair was little changed. The British pound bought $1.6478, compared with $1.6476 late Friday. Commodities Gold futures ended at their highest levels in more than three weeks on Friday, lifted by a weakening dollar and investor demand for a protection from worries about euro-zone government finances. This rally may be extended as Europe’s debt crisis and accelerating inflation draw investors seeking to protect their wealth. Immediate-delivery gold was little changed at $1,535.95 an ounce at 11:08 a.m. in Singapore. Oil declined in New York on concern economic reports this week will show the economy is slowing in the U.S., the world’s biggest crude consumer. Crude for July delivery fell as much as 41 cents, or 0.4 percent, to $100.18 in electronic trading on the New York Mercantile Exchange and was at $100.29 at 3:11 p.m. Sydney time. Equities U.S. Financial markets in the U.S. are closed today for the Memorial Day holiday. The Standard & Poor’s 500 Index advanced 0.4 percent to 1,331.10 on Friday. The Dow Jones Industrial Average increased 0.3 percent, to 12,441.58. European stocks fell for a fourth straight week as mounting sovereign-debt concern in Greece and Italy and the worst election defeat for Spain’s ruling Socialist Party in 30 years weighed on investor sentiment. The FTSE 100 Index rose 1 percent to 5,938.87 at the 4:30 p.m. close in London. France’s CAC 40 Index rose 0.9 percent to 3,950.98 and Germany’s DAX Index rose 0.7 percent 7,163.47. Asian stocks swung between gains and losses after reports showed consumer spending in the U.S. increased less than economists’ estimates and sales of previously owned homes fell. St. Barbara, Australian gold producer, gained 1.1 percent in Sydney. The MSCI Asia Pacific Index was little changed at 134.39 as of 2:38 p.m. in Tokyo. Japan’s Nikkei 225 Stock Average fell 0.1 percent. Hong Kong’s Hang Seng Index gained 0.5 percent, while China’s Shanghai Composite Index added 0.4 percent.

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