Markets: What to look out for this week? – Deutsche Bank

Analysts at Deutsche Bank suggest that Central bank speak should be the focus of today with the Fed's Mester and ECB's Villeroy both speaking in the morning in Paris, followed by the ECB's Lautenschlaeger, Praet and Coeure later in the day.

Key Quotes

“Brexit developments could also come back to the forefront with the EU's Barnier due to brief European affairs ministers on the status of talks. Datawise the only release of note is the Bank of France industry sentiment print for April. Senior officials from Euro area finance ministries are also due to meet to discuss the latest Greek bailout review.”

“Tuesday: The overnight focus tomorrow will be on China with April retail sales, industrial production and fixed asset investment data all due. In Europe, the preliminary Q1 GDP report in Germany is due, along with the Q1 GDP report for the Euro area. In the UK, April and March employment data is expected while in France the final April CPI revisions are due. March industrial production data for the Euro area is also due, as well as the May ZEW survey in Germany. In the US, the big focus will be on the April retail sales report, while May empire manufacturing, March business inventories and the May NAHB housing market index print are also due. Fed nominees Clarida and Bowman are due to appear for confirmation hearings while the Fed's Kaplan and Williams are both scheduled to speak. UK PM Theresa May is also due to meet with her Brexit Cabinet while China Vice Premier Liu He is due to visit Washington and continue trade talks.”

“Wednesday: Overnight, the preliminary Q1 GDP report in Japan is due along with March industrial production and April new home prices in China. In Europe, the final April CPI reports for the Euro area and Germany will be the focus. In the US, April housing starts and building permits, along with April industrial production will be the main highlights. The Fed's Bostic and Bullard are both scheduled to speak while EU leaders are also due to hold an informal dinner to discuss global trade and the US decision to leave the Iran nuclear deal.”

“Thursday: A fairly quiet day highlighted by the Fed's Kashkari and Kaplan speaking in the afternoon and evening. The ECB's Constancio is also scheduled to speak, while the only economic data of note is the April leading index, May Philly Fed PMI and weekly initial jobless claims in the US.”

“Friday: Overnight, Japan will release its April CPI report. In Europe, April PPI in Germany and the March trade balance for the Euro area are due. There's no data due in the US on Friday; however, the Fed's Mester, Kaplan and Brainard are all due to speak.”