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The UK, US and the Eurozone in the week ahead

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  • A quieter week for economic releases
  • Key US inflation data on Wednesday
  • OPEC meetings also on Wednesday

Following the US Federal Reserve’s rate decision and last Friday’s Non-Farm Payrolls, this is a quieter week for economic data releases. Despite this, Wednesday brings us the latest update on US CPI (Consumer Price Index) inflation together with OPEC meetings. On Thursday we have Preliminary GDP from the UK and the US Producer Prices Index (PPI). The main companies providing updates this week include Walt Disney, Palantir and Coinbase.

Monday 9th May

We start the week with a few secondary order data releases. From Japan we have Average Cash Earnings and minutes from the Bank of Japan’s last monetary policy meeting. Then there’s the French Trade Balance and the Sentix Investor Confidence survey for the Euro zone. Later that day we have Canadian Building Permits and US Wholesale Inventories. Monday’s main earnings releases come from Palantir Technologies, The Trade Desk, Viatris, Lemonade and Upstart Holdings

Tuesday 10th May

Overnight there’s the latest year-on-year Retail Sales Monitor from the British Retail Consortium. From Japan we have Household Spending and a proposed 10-year bond auction. From Australia we have the NAB Business Confidence survey. From the Euro zone we have the German Wholesale Prices Index, Italian Industrial Production, and the ZEW Economic Sentiment surveys for both the Euro zone and Germany. The latter is considered the most important of the two releases, concentrating as it does on the zone’s key manufacturing powerhouse. Sentiment slumped into negative territory in both March and April as respondents reacted to the Russian invasion of Ukraine. Last month’s number came in at -41.0 which was a touch better than the -48.4 expected.

Tuesday’s key US corporate earnings reports come from Peloton, Coinbase Global, Roblox Corporation and Unity Software.

Wednesday 11th May

China releases its latest inflation updates in the form of both CPI and PPI. Year-on-year CPI currently stands at +1.5%, which, while a touch higher than expected, is a number that western world central bankers and policymakers would give their front teeth for. Two years ago, it stood at +5.0%, registering the hottest rate of price increases since November 2011. Meanwhile producer prices have been trending lower since last November but are still running hot at +8.3% year-on-year. China will also release its latest Trade Balance. The European Commission releases its quarterly economic forecasts. These form the basis for evaluating the economic performance and trends of member states within the EU. These can lead to austerity measures and other forced spending cuts, although such measures aren’t currently expected. OPEC+ meetings will be held throughout the day. The US will provide an inflation update in the form of CPI, and also its Crude Oil Inventories. First quarter earnings reports include Fiverr International, Takeda Pharmaceutical, Beyond Meat, Liberty Global and Walt Disney.

Thursday 12th April

Overnight the Bank of Japan releases its Summary of Opinions. We then have Preliminary GDP from the UK, along with a slew of minor economic data updates including Construction Output, Goods Trade Balance, Industrial Production, Manufacturing Production and Business Investment. The European Central Bank releases its Monetary Policy Meeting accounts while we have US PPI and weekly Unemployment Claims. There are no major earnings reports today.

Friday 13th May

Rounding off the week we have Chinese Foreign Direct Investment, Final CPI from France, and Euro zone Industrial Production. From the US we have Import Prices, Consumer Sentiment, Inflation Expectations, and the Treasury Currency Report. Once again, there are no major earnings reports today.

Have a good weekend.

David Morrison is an Analyst with Trade Nation. Trade Nation was set up with the specific remit to help customers realise their trading goals by changing the way they engage with the financial markets. As well as providing full transparency and making sure all customers get a fair deal, Trade Nation is fully regulated. This means customers can be confident they’re getting the trading experience they deserve. Visit www.tradenation.com to find out more

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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