Today’s macroeconomic calendar is relatively light. From the U.S., there are no scheduled data releases likely to impact global financial markets. However, investors will be watching comments from several Federal Reserve officials, including Waller and Jefferson.
Earlier in the day, inflation reports will be published in Europe, specifically from Spain and Germany. Analyst expectations point to a continued, stable decline in year-over-year inflation compared to the previous month.
Detailed economic calendar:
07:00 AM BST, Germany - Inflation Data for April:
- German HICP: forecast 2.2% YoY; previous 2.3% YoY;
- German HICP: forecast 0.5% MoM; previous 0.4% MoM;
- German CPI: forecast 2.1% YoY; previous 2.2% YoY;
- German CPI: forecast 0.4% MoM; previous 0.3% MoM;
08:00 AM BST, Spain - Inflation Data for April:
- Core CPI: forecast 2.4% YoY; previous 2.0% YoY;
- Spanish CPI: forecast 2.2% YoY; previous 2.3% YoY;
- Spanish CPI: forecast 0.6% MoM; previous 0.1% MoM;
- Spanish HICP: forecast 2.2% YoY; previous 2.2% YoY;
- Spanish HICP: forecast 0.6% MoM; previous 0.7% MoM;
09:15 AM BST, Germany - German Buba President Nagel Speaks
10:15 AM BST, United States - Fed Waller Speaks
01:30 PM BST, Canada - Building Permits for March:
- forecast -0.7% MoM; previous 2.9% MoM;
03:30 PM BST, United States - EIA Data:
- Crude Oil Inventories: forecast -2.000M; previous -2.032M;
- EIA Weekly Distillates Stocks: forecast 0.500M; previous -1.107M;
- Gasoline Inventories: forecast -0.900M; previous 0.188M;
05:00 PM BST, Germany - German Buba Balz Speaks
10:40 PM BST, United States - FOMC Member Daly Speaks
Daily summary: Wall Street rebounds after the sell-off πΌ US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected π US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%β°