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 29, 2017.
Last week:
- US economic growth data was revised to 1.2% in the first quarter from a previous estimate of 0.7%.
- Around 24% of the electricity generated in the UK came from solar energy on Friday, a day of warm weather and clear, sunny skies.
This week:
Monday, May 29
Europe:
- ECB President Mario Draghi testifies to European Parliament committee.
- Eurozone money supply for April.
US:
- Memorial Day holiday, markets closed.
Rest of the world:
- Israel interest rate decision.
Corporate events:
- Hornbach, Generix earnings.
Tuesday, May 30
Europe:
- Eurozone business climate, consumer confidence for May.
- France consumer confidence for May.
US:
- Personal Consumption Expenditure for April.
- Consumer confidence for May.
- S&P/Case-Shiller Comp. 20 HPI for March.
- Dallas Fed index for March.
Rest of the world:
- Australia building approvals for April.
- Canada current account balance for the first quarter.
- Japan unemployment for April.
Corporate events:
- Immofinanz, Ryanair, Teixeira Duarte, Bank of Nova Scotia earnings.
Wednesday, May 31
Europe:
- Eurozone inflation for May.
- Eurozone unemployment for April.
- Germany retail sales for April.
- UK BRC Shop Price Index for May.
- GfK Consumer Confidence for May.
- Bank of England mortgage approvals data for April.
US
- Weekly mortgage applications data from the Mortgage Bankers Association.
- Weekly crude inventories.
- Chicago PMI for May.
- Pending home sales for April.
Rest of the world:
- India first-quarter GDP.
- Japan industrial production for April.
- Canada services PMI for May.
- Australia private sector credit for April.
- Brazil unemployment for April.
Corporate events:
- Conwert Immobilien, BB Biotech, Metro, Hewlett Packard, Michael Kors Holdings, Analog Devices earnings.
Thursday, June 1
Europe:
- Eurozone Markit PMI Manufacturing for May (final).
- UK CIPS Manufacturing PMI for May.
US:
- Weekly natural gas inventories.
- Weekly jobless claims.
- Challenger job cuts for May.
- ADP employment survey for May.
- ISM Manufacturing for May.
Rest of the world:
- China Caixin PMI Manufacturing for May.
- Australia retail sales for April.
- Brazil Markit PMI Manufacturing for May.
Corporate events:
- Voestalpine, Johnson Matthey, Fujifilm Holdings, Broadcom earnings.
Friday, June 2
Europe
- Spain unemployment for May.
- UK CIPS construction PMI for May.
US
- Nonfarm payrolls, unemployment, wages for May.
- Trade balance for April.
Rest of the world:
- Japan consumer confidence for May.
- Canada trade balance for April.
Corporate events:
- FirstGroup, voestalpine, Laurent-Perrier earnings.