In the coming week, markets in the U.K. will be closed for a public holiday on Monday, while U.S. markets will also be closed for the Memorial Day holiday. Investors will be looking ahead to revised data on U.S. first quarter growth, while Tuesday’s report on consumer confidence will also be in focus.
Monday, May 26
New Zealand is to publish data on the trade balance, the difference in value between imports and exports. The Bank of Japan is to publish the minutes of its latest policy meeting, which contain valuable insights into economic conditions from the bank’s perspective. Market research group Gfk is to publish a report on German consumer climate. Elsewhere in the euro zone, ECB President Mario Draghi is to speak at an event in Portugal; his comments will be closely watched. Markets in the U.K. are to remain closed for a public holiday, while U.S. markets will also be closed, for the Memorial Day holiday.
Tuesday, May 27
Switzerland is to release data on the trade balance and the employment level. The U.K. is to publish a private sector report on mortgage approvals. ECB President Mario Draghi is to speak at an event in Portugal; his comments will be closely watched. The U.S. is to produce data on durable goods orders, house price inflation and consumer confidence.
Wednesday, May 28
BoJ Governor Haruhiko Kuroda is to speak at an event in Tokyo. New Zealand is to release private sector data on business confidence, while Australia is to produce a report on completed construction work. Switzerland is to release data on first quarter gross domestic product, the broadest indicator of economic activity and the leading measure of the economy’s health. In the euro zone, France is to release data on consumer spending, while Germany is to publish a report on unemployment change. The euro zone is to release data on M3 money supply and private loans. The U.K. is to publish private sector data on retail sales.
Thursday, May 29
Japan is to release data on retail sales, the government measure of consumer spending, which accounts for the majority of overall economic activity. Australia is to publish data on private capital expenditure. Canada is to produce data on the current account. The U.S. is to release revised data on first quarter GDP, as well as the weekly government report on initial jobless claims and data on pending home sales.
Friday, May 30
New Zealand is to release data on building consents. Japan is to release preliminary data on industrial production, as well as reports on household spending and inflation. In the euro zone, Germany is to publish a report on retail sales. Elsewhere in Europe, Switzerland is to publish its KOF economic barometer. Canada is to publish the monthly report on GDP growth. The U.S. is to round up the week with a report on personal income and expenditure and revised data from the University of Michigan on consumer sentiment.