The main events of Tuesday!

Tuesday, May 15, is full of news, among which is worth noting: the RBA protocol, industrial production in China, preliminary data on Germany’s GDP and the euro area, the report on employment in the UK and retail sales in the US.

At 02:10 – the speech of the deputy head of the Reserve Bank of Australia Debell.

At 04:30 – the minutes of the meeting on monetary policy of Australia.

At 04:40 – the speech of the deputy head of the Reserve Bank of Australia Debell.

At 05:00 – data on China:
– Investments in China’s fixed capital (y/y), the forecast is 7.4%, the previous value is 7.5%.
– The volume of industrial production in China (y/y), the forecast is 6.4%, the previous value is 6.0%.

At 07:30 – the index of business activity in the services sector of Japan (m/m), the forecast is -0.2%, the previous value is 0.0%.

At 09:00 – preliminary data on Germany’s GDP:
– Germany’s GDP (q/q), the forecast is 0.4%, the previous value is 0.6%.
– Germany’s GDP (y/y), the forecast is 1.7%, the previous value is 2.3%.

At 10:15 – the producer price index (PPI) of Switzerland (m/m), the forecast is 0.3%, the previous value is -0.2%.

At 11:30 – a report on employment in the UK:
– The average wage level (including premiums) in the UK, the forecast is 2.7%, the previous value is 2.8%.
– Change in the number of applications for unemployment benefits in the UK, the forecast is 13.3K, the previous value is 11.6K.
– Change in employment in the UK, 3m/3m, the forecast is 129.0K, the previous value is 55.0K.
– The unemployment rate in the UK, the forecast is 4.2%, the previous value is 4.2%.

At 12:00 – a hearing of the Bank of England’s inflation report.

Also, at 12:00 – data on economic sentiment in Germany:
– The index of the current economic conditions of ZEW in Germany, the forecast is 85.8, the previous value is 87.9.
– ZEW economic sentiment index in Germany, the forecast is -8.0, the previous value is -8.2.

At 12:00 – data on the euro area:
– Eurozone GDP (y/y), the forecast is 2.5%, the previous value is 2.5%.
– Eurozone GDP (q/q), the forecast is 0.4%, the previous value is 0.4%.
– The volume of industrial production of the euro area (m/m), the forecast is 0.6%, the previous value is -0.8%.
– The index of economic sentiment from ZEW in the euro area, the forecast is 2.0, the previous value is 1.9.

At 15:30 – data on the US:
– The base retail sales index in the US (m/m), the forecast is 0.53%, the previous value is 0.2%.
– The index of manufacturing activity NY Empire State (USA), the forecast is 15.10, the previous value is 15.80.
– The volume of retail sales in the US (m/m), the forecast is 0.4%, the previous value is 0.6%.
– The volume of inventories in the US (m/m), the forecast is 0.2%, the previous value is 0.6%.

At 23:00 – the volume of purchases of long-term securities TIC USA, the forecast is 52.0D, the previous value is 49.0D.

At 23:30 – weekly stocks of crude oil in the US according to the American Petroleum Institute (API), the previous value is -1.850M.

Hanzenko Anton