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.