The main events of Wednesday!

On Wednesday, May 23, the day is full with data on business activity in the euro area and the US, but  the market will be focused on inflation in the UK and US statistics.

At 04:30 – data on Australia:
– Completed construction work in Australia (q/q), the forecast is 1.0%, the previous value is -19.4%.
– The index of consumer sentiment in Australia from Westpac, the previous value is -0.6%.

At 10:30 – data on business activity in Germany:
– Index of business activity in the manufacturing sector (PMI) of Germany, the forecast is 57.9, the previous value is 58.1.
– Index of business activity in the German services sector, the forecast is 53.0, the previous value is 53.0.

At 11:00 – the speech of the head of the Reserve Bank of Australia Louie.

At 11:00 – data on business activity in the euro area:
– The index of business activity in the manufacturing sector (PMI) of the euro area, the forecast is 56.2, the previous value is 56.2.
– Composite index of business activity (PMI) from Markit in the euro area, the forecast is 55.0, the previous value is 55.1.
– The index of business activity in the services sector in the euro area, the forecast is 54.6, the previous value is 54.7.

At 11:30 – a report on inflation in the UK:
– Consumer Price Index (CPI) in the UK (m/m), the forecast is 0.5%, the previous value is 0.1%.
– Consumer Price Index (CPI) in the UK (y/y), the forecast is 2.5%, the previous value is 2.5%.
– The index of housing prices in the UK from Halifax (y/y), the forecast is 4.4%, the previous value is 4.4%.
– Purchasing Producer Price Index in the UK (m/m), the forecast is 1.1%, the previous value is -0.1%.

At 16:45 – data on business activity in the US:
– The index of business activity in the manufacturing sector (PMI) in the US, the forecast is 56.6, the previous value is 56.5.
– Composite index of business activity (PMI) in the US from Markit, the forecast is 55.0, the previous value is 54.9.
– The index of business activity (PMI) in the US services sector, the forecast is 54.9, the previous value is 54.6.

At 17:00 – data on real estate in the US:
– Sales of new housing in the US, the forecast is 679K, the previous value is 694K.
– Sales of new housing in the US (m/m), the forecast is -2.0%, the previous value is 4.0%.

At 17:30 – oil reserves in the US:
– Reserves of crude oil in the US, the forecast is -2.827M, the previous value is -1.404M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is 0.053M.

At 21:00 – the publication of the FOMC protocols.

Hanzenko Anton