Summary:
- Final reading of inflation from EMU
- Preliminary reading of the UoM index
- Fed’s Williams to take the floor this afternoon
10:00 am BST - inflation from EMU: This will be the final reading of European inflation for April. The consensus suggests no revisions to preliminary data, hence headline price growth should stay at 1.7% and core price growth at 1.2% in annual terms. The data will also offer a view to what extent rising food prices (especially pork prices spurred by the ASF virus) contributed to a rise in inflation last month.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app3:00 pm BST - UoM index: Consumer spending turned out to be quite weak in the first quarter in the US and the first glimpse into the second quarter also does not bode well (a decrease in retail sales). In this regard a further increase in consumer confidence in conjunction with rising incomes could be reassuring. The consensus suggests the index will remain unchanged in May compared to 97.2 points.
Central bankers’ speeches:
-
1:00 pm BST - BoE’s Brazier
-
4:15 pm BST - Fed’s Williams
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
