Next week’s calendar looks fairly lively with important data releases coming from across the globe. 

In the US, Wednesday and Thursday will be key dates for the markets as we see inflation related economic releases in the form of consumer and purchaser prices indexes. With no change in policy recently being announced at the latest Federal Open Market Committee meeting, will these figures support the almost certain projected in a hike in June?

The Reserve Bank of New Zealand is scheduled to announce their latest policy decision in the late hours of Wednesday evening. Although no change is expected, the event will have extra interest as it will be the first meeting presided by the new governor, Adrian Orr. With no substantial changes to domestic or global economic outlook since the last RBNZ meeting, it seems that this one is just a formality with the usual interest being paid to the press release.

The next jewel in the calendar will be the outcome from the Bank of England’s latest monetary policy meeting. A day that will see the official bank rate, voting outcome, full policy statement and the quarterly inflation report, rightly dubbed as the ‘Super Thursday’. All eyes have been on this meeting since the start of the year as markets were factoring in an 80% chance of a rate hike, this was recently turned on its head as Governor Mark Carney announced that there are other months during the year where the bank can act. The markets were jolted and quickly factored in the possibility of rates remaining unchanged in the May meeting. Further data releases in the form of GDP and PMI data have disappointed, further depressing the chance of a potential hike.

Economic Calendar (all times are in BST)

Monday, 7thth May

07:00 DE Manufacturing Orders

Tuesday, 8thth May

01:00 AU Retail Sales QoQ

04:00 CN Trade Balance –Exports YoY

04:00 CN Trade Balance –Imports YoY

04:00 CN Trade Balance

07:00 DE Industrial Production MoM

98:30 UK Housing Index

13:15 CAD Housing Starts

 

Wednesday, 9th May

08:30 SW CPI MoM

08:30 SW CPI YoY

15:30 EIA Crude Oil Stocks Net Change

22:00 RBNZ Interest Rate

 

Thursday, 10th May

00:50 JPN Current Account, Total Balance

02:30 CN CPI YoY

02:30 CN PPI YoY

02:30 CN Broad Money M2

09:30 UK Industrial Production MoM

12:00 BOE Monetary Policy Statement

12:00 UK Inflation Report

13:30 US CPI Core MoM

13:30 US Jobless Claims WoW


Friday, 11th May

02:30 AU Housing Finance Mortgage Lending

13:30 CAD Employment Change

13:30 CAD Employment Rate

15:00 US Consumer Sentiment Survey

 

Corporate Calendar

Monday 7th May

Kosmos Energy Ltd – Interim Results

Hertz Global Holdings Inc –Earnings Announcement

Sempra Energy –Earnings Announcement

Sysco Corp –Earnings Announcement

 

Tuesday 8th May

Verona Pharma PLC –Interim Results

William Hill – Trading Statement

Crocs Inc - Earnings Announcement

Marriott International - Earnings Announcement

Papa Johns International - Earnings Announcement

Sea World Entertainment - Earnings Announcement

Sun Life Financial Inc - Earnings Announcement

 

Wednesday 9th May

Compass Group Plc – Interim Results

Imperial Brands Plc – Interim Results

TUI AG – Interim Results

G4S Plc –Trading Statement

Greggs Plc –Trading Statement

Provident Financial –Trading Statement

Ambev S.A - Earnings Announcement

Groupon Inc - Earnings Announcement

Horizon Pharma Plc - Earnings Announcement

Twenty –First Century Fox Inc - Earnings Announcement

Weibo Corp - Earnings Announcement

 

Thursday 10th May

Aviva Plc – Interim Results

Direct Line Insurance Group– Interim Results

Melrose Plc – Interim Results

One savings Bank – Interim Results

SIG Plc – Interim Results

Barratt Developments –Trading Statement

Coca-Cola HBC –Trading Statement
ITV Plc –Trading Statement

Morrison Supermarkets Plc –Trading Statement

Next Plc –Trading Statement

RSA Insurance Group –Trading Statement

Superdry Plc –Trading Statement

TP Icap Plc –Trading Statement

AMC Networks - Earnings Announcement

DropBox Inc - Earnings Announcement

News Corp - Earnings Announcement

Yelp Inc - Earnings Announcement

Companies paying dividends: Admiral Group (58p), GlaxoSmithKline (19p), Hiscox (19.5p),Robert Walters Plc ( 9.3p),Trinity Mirror(3.55p)

Friday 11th May

BBA Aviation Plc – Trading Statement

Thomson Reuters - Earnings Announcement

Sources: Bloomberg/Companies