Trade conflict between the U.S. and China and economic statistics from these countries will be in the spotlight during the week from May 27 to June 2
The outcome of the European Parliament elections
GDP data and other statistics from the United States
PMI data from China
Last week, weak economic data from Europe and the United States were able to seriously rock the currency market. Investors fear that the external factors, primarily related to the deterioration of the global trade situation, may exert significant pressure on the economies of the world's leading countries, forcing central banks to soften their rhetoric in order to maintain stability in financial markets. Therefore, in addition to important geopolitical news related to trade relations between the U.S. and China, the situation in the UK and the Middle East, investors will closely monitor the latest economic statistics, assessing the dynamics of key indicators.
There will not be a lot news from Europe this week, so traders will focus on the statistics from the U.S. and China.
Monday, May 27
It's a day off in the United States and the United Kingdom.
Haruhiko Kuroda, Head of the Bank of Japan, will give a speech.
Tuesday, May 28th
Consumer climate index (Gfk) to be presented in Germany
Inflation report expected to be heard in the UK
U.S. consumer confidence index to be published
Wednesday, May 29
Haruhiko Kuroda will give a speech in Japan
France to publish updated data on GDP for the 1st quarter of 2019
In Germany, labour market data will be presented
Thursday, May 30
Updated data on GDP for the 1st quarter of 2019 as well as statistics on sales in progress in the real estate market and crude oil reserves will be released in the U.S.
Friday, May 31
Japan to present industrial production and retail sales data for April
China will publish PMI data on its manufacturing and non-production sectors.
The U.S. will publish data on private consumption expenditure.