Economic calendar: CPI report and retail sales from the US this week 📃

Today is a relatively light day in terms of macroeconomic publications. There are no events scheduled on the calendar that could have a more significant impact on global markets. However, this is just the start of a very important week.

The only noteworthy events today will be speeches by FOMC representatives. Speeches by Mester and Jefferson have been scheduled at 14:00 PM BST. 

However, in the following days of this week, investors will learn about inflation reports from the US - CPI and PPI, among others. For PPI, expectations point to slightly higher readings compared to last month. However, for CPI, the data is expected to show lower readings on a year-on-year basis. The next events worth watching will be the release of the US retail sales report and a speech by Fed chairman Jerome Powell on Tuesday.

Detailed calendar of the day:

13 May: Monday 

• All day - Eurozone, Eurogroup meeting 
• 08:00 AM BST - Czech Republic, CPI inflation for April
• 13:00 PM BST - Romania, NBR interest rate decision 

14 May: Tuesday

• All day - Eurozone, ECOFIN meeting
• 07:00 AM BST - Germany, CPI inflation for April
• 07:00 AM BST - UK, labour market data for March
• 07:00 AM BST - Spain, CPI inflation for April
• 10:00 AM BST - Germany, ZEW index for May
• 13:30 PM BST - USA, PPI inflation for April
• 15:00 PM BST - USA, Fed's Powell speech
• 21:40 PM BST - USA, change in crude oil inventories according to API

15 May: Wednesday

• 07:00 AM BST - Sweden, CPI inflation for April
• 07:45 AM BST - France, CPI inflation for April
• 09:00 AM BST - Poland, GDP report for Q1 and CPI inflation for April
• 10:00 AM BST - Eurozone, GDP report for Q1
• 13:30 PM BST - USA, CPI report for April
• 13:30 PM BST - USA, retail sales report for April
• 15:30 PM BST - USA, DOE oil inventory change report

16 May: Thursday

• 12:50 AM BST - Japan, GDP report for Q1
• 02:30 AM BST - Australia, labour market data for April
• 13:00 PM BST - Poland, core inflation for April
• 13:30 PM BST - USA, housing starts for April
• 13:30 PM BST - USA, unemployment claims
• 15:30 PM BST - USA, gas inventories data 

17 May: Friday

• 03:30 AM BST - China, retail sales and manufacturing data for April
• 10:00 AM BST - Eurozone, HICP inflation for April
• 15:00 PM BST - USA, CB index for April