Market focus

On Thursday, May 23, 2019, the news calendar will be saturated with data for Europe and America.

Significant statistics on this day should be expected closer to the opening of trading in the European trading session. Before the opening of stock markets in Europe will publish data on Germany’s GDP, from which they expect to maintain the dynamics of economic growth. Later, there are data on business activity in the services sector in Germany and the Eurozone, which should be assessed together. In the UK they will release retail sales data. In the context of very restrained inflation data, these statistics will also be limited. One of the main news of the week will be the publication of the ECB’s monetary policy protocol, which is expected to preserve soft rhetoric.

The US trading session is full of data on sales of new housing, business activity and applications for unemployment benefits in the United States. Also, US trades are full of speeches by representatives of the FOMC USA, which may cause an increase in volatility on the comments on the trade opposition.

Hanzenko Anton