Economic Calendar Overview: May 15-19
This week, there are several significant economic updates worth noting on the calendar.
China
On Tuesday, China will release its industrial production figures, which are expected to show growth of 10.1%, surpassing last month’s figure of 3.9%. Additionally, the Chinese unemployment rate will be announced. It’s important to consider how Chinese economic news can impact global markets due to the size of their economy and its impact on the global economy. Updates regarding Chinese unemployment rate results, economic growth rate, inflation rate, and the policy of the Chinese central bank regarding the exchange rate of the Chinese yuan against the US dollar can all affect the prices of gold and the Dow Jones index.
UK and Europe
In the United Kingdom, there will be updates on employment and unemployment on Tuesday, unfortunately showing a negative trend. Analyzing these updates is important in understanding the current state of the labor market, which can impact government policy and business decisions.
We are also awaiting the Eurozone’s Gross Domestic Product (GDP) report predicted to match the previous reading of 1.3%. This report provides essential information on the overall economic performance of the region, allowing for informed decision-making and appropriate actions to be taken.
Japan, Australia, and the US
Japan’s Gross Domestic Product (GDP) reading will be released on Wednesday, with a predicted 0.1% economic growth, an improvement from the previous reading of -0.3%. The Consumer Price Index (CPI) for the Eurozone is projected to increase from 6.9% to 7.0%.
Updates from the US economy on the core retail sales report are expected on Wednesday as well, showing a 0.4% increase in sales. This could signal a boost in confidence and consumption in the US economy, stimulating economic growth and supporting stocks.
On Thursday, there will be important news about the Australian economy, with the latest data on job change and the unemployment rate. They are expected to be lower than in the previous report. Additionally, there will be a press conference for European Central Bank President Christine Lagarde.
Finally, the week concludes with an interview with Federal Reserve Chairman Jerome Powell. It’s crucial to stay informed and consider the potential implications of these updates for investment decisions.
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