Market moving info — week starting May 22, 2017

Here’s a summary of last week’s market moving news and a look ahead to the data, events and earnings reports that are likely to move the markets in the week starting May 22, 2017.

Last week:          

  • An investigation into possible links between the presidential campaign of Donald Trump and Russia has intensified, with reports saying that a current White House official is a person of interest. Sources told the Washington Post the official was close to the President, but did not elaborate further.

This week:

Monday, May 22

Europe:

  • Eurogroup meeting to discuss Greece bailout.
  • Spain industrial orders for March.
  • UK Rightmove house prices for May.

US:

  • Chicago Fed National Activity Index.

Rest of the world:

  • Japan trade balance for April.

Corporate events:

  • Julius Bar, Ferroglobe, Quotient, Booz Allen, Agilent earnings.

Tuesday, May 23

Europe:

  • ECOFIN meeting on EU common corporate tax base.
  • Eurozone Markit composite PMI for May.
  • France business climate index for May.
  • Germany Ifo current assessment for May.
  • Spain trade balance for March.
  • UK public sector net borrowing for April.

US:

  • New home sales for April.
  • Richmond Fed index for May.

Rest of the world:

  • Canada wholesale inventories for March.
  • Brazil current account balance for April.

Corporate events:

  • Vienna Insurance, BB Biotech, Shaftesbury, AutoZone, Tell Brothers, Intuit earnings.

Wednesday, May 24

Europe:

  • Germany GfK consumer confidence for June.
  • Germany Markit manufacturing, services PMI for May.
  • France Markit manufacturing, services PMI for May.
  • Sweden home sales for April.
  • Sweden Riksbank Financial Stability Report.

US

  • Weekly mortgage applications data from the Mortgage Bankers Association.
  • Weekly crude inventories.
  • FOMC minutes.
  • FHFA Home Price Index for March and for the first quarter.
  • Existing home sales for April.

Rest of the world:

  • Bank of Canada interest rate decision.
  • South Africa consumer price inflation for April.

Corporate events:

  • Babcock, Marks & Spencer, Dixons Carphone, HSS Hirea, Tungsten, Zoopla, Vedanta, CA Immobilien, Schoeller-Bleckmann Oilfield, Uniqa, Lowe’s, Tiffany earnings.

Thursday, May 25

Europe:

  • Summit US-EU, Donald Trump meets Donald Tusk.
  • OPEC meeting in Vienna.
  • British Bankers’ Association mortgage approvals for April.

US:

  • Weekly natural gas inventories.
  • Weekly jobless claims.

Rest of the world:

  • Canada average weekly earnings for March.
  • Mexico trade balance for April.

Corporate events:

  • Daily Mail & General Trust, Halfords Group, QinetiQ Group, Tate & Lyle, Wizz Air, Medtronic, Royal Bank of Canada, Best Buy, Abercrombie & Fitch, Costco, GameStop, Ulta, Dollar Tree, Sears earnings.

Friday, May 26

Europe

  • Italy consumer confidence for May.

US

  • First-quarter GDP (second reading).

Rest of the world:

  • Japan national consumer price inflation for April, Tokyo inflation for May.
  • Brazil producer price inflation for April.
  • Mexico unemployment for April.

Corporate events:

  • British Empire Trust, Natuzzi, Big Lots earnings.