This Will Be Important This Week

Asia

On Tuesday, South Korea releases its consumer confidence for the month of May, Australia releases S&P Global’s manufacturing and services purchasing managers index for the month of May, and Indonesia’s central bank holds its monetary policy meeting and announces its interest rate decisions.

On Wednesday, business confidence for the month of May will be published in South Korea.

On Thursday, the South Korean central bank will hold a monetary policy meeting and publish interest rate decisions.

On Friday, Japan publishes its Tokyo CPI index excluding food and energy for May. Australia reports the retail sales index for April.

Europe

On Monday, the Ifo Institute will report on the business climate in the German economy in May.

On Tuesday, France, Germany, the UK, and the EU will publish their S&P Global Manufacturing/Services Purchasing Managers’ Index (PMI) for May.

The GfK Institute’s June consumer climate index will be published in Germany on Wednesday.

The U.S.

On Monday, the nationwide economic index for March will be published in the United States by the Chicago Fed.

The U.S. releases the S&P Global Purchasing Managers’ Index (PMI), May manufacturing/services, and April new home sales on Tuesday.

On Wednesday in the U.S., new orders for durable goods for the month of April and weekly oil inventories will be released by the U.S. Energy Information Administration (EIA).

On Thursday, the U.S. will release weekly initial jobless claims, 1Q22 gross domestic product (2nd estimate), and pending home sales for April.

On Friday, the April Personal Consumption Expenditure (PCE) Price Index, the April Core PCE Price Index, the April Goods Trade Balance, and the May Michigan Consumer Sentiment Index will be released.

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