Weekly Economic Data Program

Weekly economic data program was announced. The economic data and events program to be announced during this week is as follows. May 18 Monday 02: 50 / Japan / GDP (quarter) / 1. Quarter / Expectation: - 1.1% / Actual: - 0.9% / Previous: - 1.8% / Revised: - 1.9% 02: 50 / Japan / GDP-Annualized (quarter) / 1. Quarter / Expectation: - 4.5% / Actual: - 3.4% / Previous: - 7.1% / Revised: - 7.3% 02: 50 / Japan / Nominal GDP (quarter) / 1. Quarter / Expectation: - 1.3% / Actual: - 0.8% / Previous: - 1.5% 02: 50 / Japan / GDP Deflator (annually) / 1. Quarter / Expectation: + 0.7% / Actual: + 0.9% / Previous: + 1.2% 02: 50 / Japan / GDP Private Consumption (quarter) / 1. Quarter / Expectation: - 1.6% / Actual: - 0.7% / Previous: - 2.8% / Revised: - 2.9% 02: 50 / Japan / GDP Operating Expenditures (quarter) / 1. Quarter / Expectation: - 1.5% / Actual: - 0.5% / Previous: - 4.6% / Revised: - 4.8% 04: 30 / China / 1. Hand House Prices (monthly) / April / Actual: + 0.42% / Previous: + 0.13% 07:30 / Japan / Service Sector Index (monthly) / March / Expectation: - 3.7% / Actual: - 4.2% / Previous: - 0.5% / Actual: - 0.7% 09:30 / Eurozone / Bloomberg May Economic Survey 09:35 / Germany / Bloomberg May Economic Survey 09:40 / France / Bloomberg May Economic Survey 09:45 / Italy / Bloomberg May Economic Survey 10:30 / UK / Bloomberg May Economic Survey 17: 00 / USA / NAHB Housing Market Index / May / Expectation: 34 / Previous: 30

Tuesday, May 19

07:30 / Japan / Capacity Utilization (monthly) / March / Previous: - 1.8% 07:30 / Japan / Industrial Production (monthly) / March / Previous:-3.7% 07:30 / Japan / Industrial Production (annual) / March / Previous:-5.2% 09:00 / UK / Hourly Production (annually) / 1. Quarter / Previous: + 0.3% 09:00 / UK / Ratio of Unemployment Claims to Labor / April / Previous: 3.5% 09:00 / UK / Change in Unemployment Applications / April / Previous: 12,200 09: 00 / UK / Average Weekly Earnings (3 months / year) / March / Expectation: + 2.7% / Previous: + 2.8% 09:00 / UK / Average Weekly Earnings-Excluding Bonus (3 months / year) / March / Expectation: + 2.6% / Previous: + 2.9% 09:00 / UK / ILO Unemployment Rate (3 months) / March / Expectation: 4.3% / Previous: 4.0% 09:00 / UK / Change in Employment (3month / 3month) / March / Expectation: 61,000 / Previous: 172,000 09:00 / European Union / New Vehicle Registrations / April / Previous: - 55.1% 12:00 / Eurozone / Construction Production (monthly) / March / Previous: - 1.5% 12:00 / Eurozone / Construction Production (annual) / March / Previous: -0.9% 12:00 / Germany / ZEW Survey Expectations / May / Expectation: 30.0 / Previous: 28.2 12:00 / Germany / ZEW Survey Current Status / May / Expectation: - 87.6 / Previous: - 91.5 12:00 / Eurozone / ZEW Survey Expectations / May / Previous: 25.2 15:00 / Canada / Bloomberg Economic Confidence Index / 15 May / Previous: 38.7 15:30 / USA / Building Permits / April / Expectation: 1,000,000 / Previous: 1,353,000 / Revised: 1,350,000 15:30 / USA / Building Permits (monthly) / April / Expectation: -25.9% / Previous:-6.8% / Revised:-7.0% 15:30 / USA / Housing Starts / April / Expectation: 923,000 / Previous: 1,216,000 15:30 / USA / Housing Starts (monthly) / April / Expectation: -24.1% / Previous: -22.3% 16:00 / Russia / GDP (annual) / 1. Quarter / Expectation: + 1.8% / Previous: + 2.1%

Wednesday 20 May

02: 50 / Japan / Housing Loans (annual) / 1. Quarter / Previous: + 2.8% 02: 50 / Japan / Core Machine Orders (monthly) / March / Expectation: - 6.7% / Previous: + 2.3% 02: 50 / Japan / Core Machine Orders (annual) / March / Expectation: - 8.6% / Previous:-2.4% 04:30 / China / 1 Year Term Credit Indicator Interest / May 20 / Expectation: 3.85% / Previous: 3.85% 04:30 / China / 5-Year Term Credit Indicator Interest / May 20 / Expectation: 4.65% / Previous: 4.65% 07:00 / Japan / Tokyo Housing Sales (annual) / April / Previous: -35.8% 08:00 / Japan / Small Store Sales (annual) / April / Previous: -5.8% 09:00 / UK / CPI (annual) / April / Expectation: + 1.0% / Previous: + 1.5% 09: 00 / UK / CPI (monthly) / April / Expectation: - 0.1% / Previous: 0.0% 09: 00 / UK / CPI (annual) / April / Expectation: + 0.9% / Previous: + 1.5% 09: 00 / UK / Core CPI (annual) / April / Expectation: + 1.4% / Previous: + 1.6% 09: 00 / UK / Retail Prices Index Value / April / Expectation: 292.8 / Previous: 292.6 09:00 / UK / Retail Prices Index (monthly) / April / Expectation: + 0.1% / Previous: + 0.2% 09:00 / UK / Retail Prices Index (annual) / April / Expectation: + 1.6% / Previous: + 2.6% 09:00 / UK / Retail Prices Index-Excluding Mortgage Interest Payments (annual) / April / Expectation: + 1.8% / Previous: + 2.7% 09: 00 / UK / Input PPI (monthly) / April / Expectation: - 4.2% / Previous: - 3.6% 09: 00 / UK / Input PPI (annual) / April / Expectation: - 8.6% / Previous: - 2.9% 09: 00 / UK / Output PPI (monthly) / April / Expectation: -0.5% / Previous: -0.2% 09: 00 / UK / Output PPI (annual) / April / Expectation: - 0.4% / Previous: + 0.3% 09: 00 / UK / Core Output PPI (monthly) / April / Expectation: -0.1% / Previous: + 0.3% 09: 00 / UK / Core Output PPI (annual) / April / Expectation: + 0.6% / Previous: + 0.9% 11: 00 / Italy / Current Account Balance / March / Previous: + 4783 million euro 11: 00 / Euro Area / Current Account Balance / March / Previous: + 40.2 billion euro 11:30 / UK / Housing Price Index (annual) / March / Expectation: + 1.5% / Previous: + 1.1% 12: 00 / Eurozone / CPI (monthly) / April / Expectation: + 0.3% / Previous: + 0.3% 12:00 / Eurozone / CPI (annual) / April / Expectation: + 0.4% / Previous: + 0.7% / Revised: + 0.7% 12: 00 / Euro Area / Core CPI (annual) / April / Expectation: + 0.9% / Previous: + 0.9% 14:00 / USA / MBA Mortgage Applications / 15 May / Previous: + 0.3% 15:30 / Canada / Teranet / National Bank House Prices (monthly) / April / Previous: + 0.6% 15:30 / Canada / Teranet / National Bank House Prices (annual) / April / Previous: + 3.8% 15:30 / Canada / Teranet / National Bank Housing Prices Index Value / April / Previous: 230.83 15:30 / Canada / CPI (monthly) / April / Expectation: - 0.6% / Previous: - 0.6% 15:30 / Canada / CPI (annual) / April / Expectation: -0.1% / Previous: + 0.9% 15:30 / Canada / Consumer Prices Index Value / April / Expectation: 136.0 / Previous: 136.6 15:30 / Canada / Core CPI-Median (annual) / April / Expectation: + 1.9% / Previous: + 2.0% 15:30 / Canada / Core CPI-General (annual) / April / Expectation: + 1.7% /: Previous: + 1.7% 15:30 / Canada / Core CPI-Summary (annual) / April / Expectation: + 1.8% / Previous: + 1.8% 15:30 / Canada / Wholesale Sales (monthly) / March / Expectation: - 4.5% / Previous: + 0.7% 16:00 / Russia / CPI (weekly) / 18 May / Previous: 0.0% 16:00 / Russia / CPI (weekly-since Christmas) / 18 May / Previous: + 2.2% 17: 0 / Eurozone / Consumer Confidence / May / Expectation: - 23.4 // Previous: - 22.7 21: 00 / USA / Fed Meeting Minutes

Thursday, May 21

02: 50 / Japan / Foreign Trade Balance / April / Expectation: - 526.6 billion yen / Previous: + 4.9 billion yen / Revised: + 5.4 billion yen 02: 50 / Japan / Foreign Trade Balance-Adjusted / April / Expectation: - 719.3 billion yen / Previous: - 190.0 billion yen 02: 50 / Japan / Exports (annual) / April / Expectation: -22.3% / Previous: -11.7% 02: 50 / Japan / Import (annual) / April / Expectation: -13.4% / Previous:-5.0% 02: 50 / Japan / Japanese Foreign Bond Purchases / May 15 / Previous: Yen 239.1 billion 02:50 / Japan / Japanese Foreign Stock Purchases / May 15 / Previous: 66.1 billion yen 02: 50 / Japan / Japanese Bond Purchases of Foreigners / 15 May / Previous: - 66.1 billion yen 02:50 / Japan / Japanese Stocks for Foreigners / May 15 / Previous: - 86.8 billion yen 03:30 / Japan / Manufacturing Sector Purchasing Managers Index (PMI) / May / Previous: 41.9 03:30 / Japan / Service Sector Purchasing Managers Index (PMI) / May / Previous: 21.5 03:30 / Japan / Compound Purchasing Managers Index (PMI) / May / Previous: 25.8 08:00 / Japan / Supermarket Sales (annual) / April / Previous: + 0.8% 04:00 / China / Swift Global Payments-Yuan / April / Previous: + 1.85% 11:30 / UK / Manufacturing Sector Purchasing Managers Index (PMI) / May / Expectation: 35.7 / Previous: 32.6 11:30 / UK / Service Sector Purchasing Managers Index (PMI) / May / Expectation: 22.1 / Previous: 13.4 11:30 / UK / Compound Purchasing Managers Index (PMI) / May / Expectation: 25.0 / Previous: 13.8 15:30 / USA / Philadelphia Fed business view / May / Expectation: - 40.0 / Previous: - 56.6 15:30 / Canada / ADP to announce employment data 15:30 / USA / Unemployment Benefits Applications / 16 May / Expectation: 2,425,000 / Previous: 2,981,000 15:30 / USA / Unemployment Benefits Applications / 9 May / Expectation: 23,500,000 / Previous: 22,833,000 16:00 / Russia / Gold and Foreign Exchange Reserve / 5 May / Previous: 562.4 billion 16: 00 / Russia / Industrial Production (annual) / April / Expectation: - 10.0% / Previous: + 0.3% 16:45 / USA / Bloomberg Economic Expectations Index / May / Previous: 29.0 16:45 / USA / Bloomberg Consumer Comfort Index / 17 May / Previous: 35.8 16:45 / USA / Manufacturing Sector Purchasing Managers Index (PMI) / May / Expectation: 38.0 / Previous: 36.1 16:45 / US / Service Sector Purchasing Managers Index (PMI) / May / Expectation: 32.3 / Previous: 26.7 16:45 / US / Compound Purchasing Managers Index (PMI) / May / Previous: 27.0 17:00 / USA / Leading Index / April / Expectation: -5.7% / Previous:-6.7% 17: 00 / USA / 2. Hand House Sales / April / Expectation: 4.300.000 / Previous: 5.270.000 17: 00 / USA / 2. Hand House Sales (monthly) / April / Expectation: - 18.4% / Previous: - 8.5%

May 22 Friday

02: 30 / Japan / CPI (annual) / April / Expectation: - 0.2% / Previous: + 0.4% 02: 30 / Japan / CPI-Excluding Fresh Food (annual) / April / Expectation: -0.1% / Previous: + 0.4% 02: 30 / Japan / CPI-Excluding Fresh Food and Energy (annual) / April / Expectation: + 0.2% / Previous: + 0.6% 08:30 / Japan / Tokyo Department Store Sales (annual) / April / Previous: -34.6% 08:30 / Japan / Department Store Sales (annual) / April / Previous: -33.4% 09:00 / UK / Retail Sales-Auto and Fuel Excluded (monthly) / Expectation: -15.0% / April / Previous:-3.7% 09:00 / UK / Retail Sales-Auto and Fuel Excluded (annual) / April / Expectation: -18.9% / Previous: -4.1% 09:00 / UK / Retail Sales-Auto and Fuel Included (monthly) / April / Expectation: -16.0% / Previous:-5.1% 09:00 / UK / Retail Sales-Auto and Fuel Included (annual) / April / Expectation: -21.7% / Previous: -5.8% 09:00 / UK / Public Sector Net Cash Requirement / April / Previous: £ 7.2 billion 09:00 / UK / Central Government Net Cash Requirement / April / Previous: £ 21.3 billion 09:00 / UK / Public Sector Net Borrowing Requirement / April / Expectation: £ 49.6 billion / Previous: £ 2.3 billion 09:00 / UK / Public Sector Net Borrowing Requirement-Excluding Banking Groups / April / Expectation: £ 40.0 billion / Previous: £ 3.1 billion 10:15 / France / Manufacturing Sector Purchasing Managers Index (PMI) / May / Expectation: 35.8 / Previous: 31.5 10:15 / France / Service Sector Purchasing Managers Index (PMI) / May / Expectation: 28.0 / Previous: 10.2 10:15 / France / Compound Purchasing Managers Index (PMI) / May / Expectation: 34.7 / Previous: 11.1 10:30 / Germany / Manufacturing Sector Purchasing Managers Index (PMI) / May / Expectation: 39.0 / Previous: 34.5 10:30 / Germany / Service Sector Purchasing Managers Index (PMI) / May / Expectation: 26.0 / Previous: 16.2 10:30 / Germany / Compound Purchasing Managers Index (PMI) / May / Expectation: 32.3 / Previous: 17.4 10:30 / Russia / Bloomberg May Economic Survey 11: 00 / Russia / Narrow Defined Money Supply / 15 May / Previous: 12.20 trillion 11:00 / Eurozone / Manufacturing Sector Purchasing Managers Index (PMI) / May / Expectation: 38.0 / Previous: 33.4 11:00 / Eurozone / Service Sector Purchasing Managers Index (PMI) / May / Expectation: 25.0 / Previous: 12.0 11:00 / Eurozone / Compound Purchasing Managers Index (PMI) / May / Expectation: 25.5 / Previous: 13.6 15:30 / Canada / Retail Sales (monthly) / March / Expectation: - 11.8% / Previous: + 0.3% 15:30 / Canada / Retail Sales-Auto Excluded (monthly) / March / Expectation: - 4.8% / Previous: 0.0% 16: 00 / Russia / PPI (monthly) / April / Expectation: - 7.2% / Previous: -3.2% 16:00 / Russia / PPI (annual) / April / Expectation: - 3.5% / Previous: - 1.4% ????? / China / Net Currency Exchange-Yuan / April / Previous: 81.6 billion

May 25 Monday

09:00 / Germany / GDP (quarter) / 1. Quarter / Previous: - 2.2% 09:00 / Germany / GDP (annually) / 1. Quarter / Previous: -9.9% 09:00 / Germany / GDP-Uncorrected (annual) / 1. Quarter / Previous: - 2.3% 09:00 / Germany / Private Consumption (quarter) / 1. Quarter / Previous: 0.0% 09:00 / Germany / Public Expenditures (quarter) / 1. Quarter / Previous: + 0.3% 09:00 / Germany / Capital Investments (quarter) / 1. Quarter / Previous: -0.2% 11:00 / Germany / IFO Business Confidence Index / May / Previous: 74.3 11:00 / Germany / IFO Expectations Index / May / Previous: 69.4 11:00 / Germany / IFO Current Evaluation Index / May / Previous: 79.5 15:00 / Canada / Bloomberg Economic Confidence Index / 22 May / Previous: May 19 - May 25 13:00 / UK / CBI Trends Total Orders / May / Previous: - 56 13: 00 / UK / CBI Trends Sales Prices / May / Previous: - 11 May 20 - May 25 ????? / Japan / Leading Index / March / Previous: 83.8 ????? / Japan / Conflict Index / March / Previous: 90.5 May 23 - May 27 ????? / UK / CBI Retail Reported Sales / May / Previous: - 55 ????? / UK / CBI Total Distributed Reported Sales / May / Previous: - 68 May 24 - May 30 ????? / Germany / Import Price Index (monthly) / April / Previous: - 3.5% ????? / Germany / Import Price Index (annual) / April / Previous: - 5.5%