After a series of central bank decisions, markets are getting a breather thanks to an almost empty macroeconomic calendar—providing a pause before this week’s key CPI report. Market volatility will largely be at the mercy of trade negotiations between China and the U.S., while a speech from a Bank of England member will also be important for the pound. Additionally, it’s worth keeping an eye on agricultural commodities ahead of the WASDE report scheduled for 6:00 PM.
Economic calendar for today:
11:00 AM BST, Euro Zone - Eurogroup Meetings
01:50 PM BST, United Kingdom - BoE MPC Member Mann Speaks
04:00 PM BST, Germany - German Buba Vice President Buch Speaks
05:00 PM BST, United States - Loan Officer Survey
05:00 PM BST, United States - WASDE Report
07:00 PM BST, United States - Federal Budget Balance for April:
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forecast 256.4B; previous -161.0B;
Economic Calendar: U.S. ISM Services Index in the Spotlight
Daily summary: Muted rebound on Wall Street 🗽 Metals attempt to recover as the U.S. dollar weakens
EIA data points to a decline in U.S. crude oil inventories; OPEC+ decision in focus
📈 Gold rebounds 1.5%