Today's economic calendar features critical US inflation data, UK employment figures, and German economic sentiment readings. Markets will closely watch US CPI numbers for insights into how the recent US-China tariff reductions might affect inflation trends, especially after the Fed maintained rates at last week's meeting.
Key Economic Data (BST)
07:00 - UK Employment Data
- UK Average Earnings Index +Bonus (Mar): 5.2% vs Forecast 5.6%
- UK Claimant Count Change (Apr): 22.3K vs Previous 18.7K
- UK Employment Change 3M/3M (MoM) (Mar): 120K vs Previous 206K
- UK Unemployment Rate (Mar): 4.5% vs Previous 4.4%
09:45 - BoE MPC Member Pill Speaks
10:00 - German ZEW Sentiment Surveys (May)
- German ZEW Current Conditions (May): -77.0 vs Previous -81.2
- German ZEW Economic Sentiment (May): 10.7 vs Previous -14.0
- Eurozone ZEW Economic Sentiment (May): -3.5 vs Previous -18.5
13:30 - US Consumer Price Index (Apr)
- US CPI (YoY) (Apr): 2.4% vs Previous 2.4%
- US CPI (MoM) (Apr): 0.3% vs Previous -0.1%
- US Core CPI (YoY) (Apr): 2.8% vs Previous 2.8%
- US Core CPI (MoM) (Apr): 0.3% vs Previous 0.1%
15:00 - German Bundesbank's Balz Speaks
16:00 - BoE Governor Bailey Speaks
16:00 - BoE MPC Member Pill Speaks (Second Appearance)
21:30 - US API Weekly Crude Oil Stock
- US API Weekly Crude Oil Stock: -4.490M vs Previous N/A
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