UK jobs and retail sales data in focus

Monday 16 May
The new trading week will start of quietly as there are no major data releases in the Asian sand European session. It is a public holiday in Germany and France.

From the US, the results of the latest NY Empire State Manufacturing Index are issued.

Tuesday 17 May
Industrial production figures are released in Japan.

During the European session, the latest trade data are due for the Eurozone, while the UK sees the publication of latest inflation numbers. The latest UK CPI rose to 0.5%, it’s highest level since December 2014.

Building permits and housing starts numbers are released in the US alongside earnings, inflation and industrial production updates. Inflation will be closely watched by the Fed. The rate of inflation stood at 0.9% in March, remaining well below the Fed’s target of 2%.

Wednesday 18 May
Japan sees the release of preliminary first quarter GDP results. GDP fell in the closing quarter of last year.
In the Eurozone, consumer price numbers are updated by Eurostat.

The highlight of the day will be UK employment data. The Bank of England will keep closely watch the jobs report. Although the unemployment rate has been running at its lowest in a decade in recent months, the actual number of unemployed rose for the first time since July 2015 in February.

Thursday 19 May
Australia sees the release of unemployment figures.
Retail sales figures are released in the UK which will give information on how uncertainty around the EU referendum is affecting consumers.

Initial jobless claims numbers are due out of the US.

Friday 20 May
Current account data are published in the Eurozone.
Inflation and retail sales numbers are out in Canada.

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