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Market News Key data and prospect of major events from May 16th to May 20th
Key data and prospect of major events from May 16th to May 20th
From May 16th to May 20th, the data that investors need to pay attention to: China's industrial enterprises above designated size in April, US retail sales in April, changes in US API and EIA crude oil inventories, and the beginning of the week ending May 14th in the US Unemployment claims and Japan's April CPI. In terms of events, we need to pay attention to the minutes of the monetary policy meeting of the Reserve Bank of Australia and the European Central Bank, and the latest views of European Central Bank President Christine Lagarde and a number of Fed officials on the outlook for the economy and interest rate hikes. The development of the epidemic and the situation in Ukraine will also need to be watched during the week, which may also have an impact on financial markets.
2022-05-13
10550
From May 16th to May 20th, the data that investors need to pay attention to include: China's industrial enterprises above designated size in April, U.S. retail sales in April, changes in U.S. API and EIA crude oil inventories, the U.S. as of the beginning of the week of May 14th Jobless claims and Japan's April CPI. In terms of events, we need to pay attention to the minutes of the monetary policy meeting of the Reserve Bank of Australia and the European Central Bank, and the latest views of European Central Bank President Christine Lagarde and a number of Fed officials on the outlook for the economy and interest rate hikes. The development of the epidemic and the situation in Ukraine will also need to be watched during the week, which may also have an impact on financial markets.
Monday (May 16) Keywords: China's industrial enterprises above designated size in April, New York Fed President Williams
From January to March, the national industrial enterprises above designated size realized a total profit of 1,955.57 billion yuan, an increase of 8.5% over the same period last year. From January to March, among the industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 706.85 billion yuan, a year-on-year increase of 19.5%; joint-stock enterprises realized a total profit of 1,439.63 billion yuan, an increase of 14.4%; foreign and Hong Kong, Macao and Taiwan-invested enterprises realized a total profit of 470.75 billion yuan. 100 million yuan, a decrease of 7.6%; private enterprises realized a total profit of 533.15 billion yuan, an increase of 3.2%. The relevant data for April will be released on May 16, and it is expected to continue to improve.
On May 10, New York Fed President Williams said that inflation will be close to the 2% target in 2024, and he does not know what the federal funds rate will be in the middle of next year. It is "basic" for the Federal Open Market Committee (FOMC) to maintain strategic transparency. . Investors need to pay attention to his speech on May 16 for his latest views.
Tuesday (May 17) Keywords: US April retail sales, RBA monetary policy meeting minutes, St. Louis Fed President Bullard and Philadelphia Fed President Harker
U.S. retail sales growth hit a 13-month low in March from a year earlier. Other consumption is being squeezed by soaring gasoline prices. U.S. retail sales rose 0.5% month-on-month in March, slightly below expectations of 0.6%, and the previous value was revised up to 0.8% from 0.3%. Retail sales rose just 6.9% in March from a year earlier, the lowest level since February 2021. Data for April will be released on May 17 and are expected to continue to be affected by higher gasoline prices.
On May 3, the Reserve Bank of Australia raised the cash rate by 25 basis points to 0.35%, which exceeded economists' expectations and was higher than the 15 basis points expected. and bond yields rose. It is the first time in nearly 15 years that borrowing costs have been raised on the campaign trail. Investors can learn more about the minutes of the Reserve Bank of Australia's monetary policy meeting on May 17.
On May 17, also watch for comments from St. Louis Fed President Bullard on the economic outlook and Philadelphia Fed President Harker on the topic of health care as an economic driver.
Wednesday (May 18) Keywords: US API and EIA crude oil inventory changes, UK April CPI, ECB President Lagarde
On May 10, data released by the American Petroleum Institute (API) on Tuesday showed that U.S. crude oil and refined oil inventories increased last week. Crude inventories rose by 1.6 million barrels in the week to May 6. Gasoline inventories rose by 823,000 barrels, while distillate inventories rose by 662,000 barrels. Data released by the U.S. EIA showed that the U.S. commercial crude oil inventories excluding strategic reserves unexpectedly exceeded expectations in the week ended May 6, and refined oil inventories and gasoline inventories recorded varying degrees of decline. U.S. crude oil prices rose close to $1 after the EIA data was released. The latest data will be released on May 18, and it is expected to continue to increase as the epidemic continues.
According to the Office for National Statistics, UK CPI jumped 7.0% year-on-year in March, the highest level since March 1992, up from 6.2% in February and market expectations of 6.7%, implying the cost of living for British households The pressure intensified further.
Grant Fitzner, chief economist at the ONS, said: "Rising prices across the board led to another sharp rise in inflation in March. Petrol and furniture prices rose the most, with the petrol price data mainly being collected before the recent fuel tax cut."
On May 11, European Central Bank President Christine Lagarde hinted that the European Central Bank will raise interest rates within a few weeks after the end of bond purchases in the third quarter of this year, suggesting that the European Central Bank will raise interest rates as soon as July. She will speak again on May 18, which needs attention.
On May 18, investors will also need to pay attention to speeches from Cleveland Fed President Mester and Chicago Fed President Evans on inflation and the economic outlook.
Thursday (May 19) Keywords: U.S. initial jobless claims for the week ended May 14, minutes of the European Central Bank's April monetary policy meeting
GMT+8 On April 23 (Friday), the European Central Bank announced the April interest rate decision, maintaining the three major interest rates unchanged as scheduled, and reconfirmed the easing policy stance. The economic growth rate has accelerated significantly this quarter, and PEPP does not necessarily need to be fully utilized, and the scale can also be expanded if necessary. European Central Bank President Christine Lagarde said at a subsequent press conference that the near-term outlook is full of uncertainty and underlying price pressures will remain subdued.
The number of Americans filing for unemployment benefits in the week ended May 7 was 203,000, compared with an expected 195,000 and the previous value of 200,000. Continuing claims for unemployment benefits in the week ended May 7 were 1.343 million, compared with an expected 1.38 million and the previous value of 1.384 million, the lowest level since January 3, 1970.
GMT+8 On April 23 (Friday), the European Central Bank announced the April interest rate decision, maintaining the three major interest rates unchanged as scheduled, and reconfirmed the easing policy stance. The economic growth rate has accelerated significantly this quarter, and PEPP does not necessarily need to be fully utilized, and the scale can also be expanded if necessary. European Central Bank President Christine Lagarde said at a subsequent press conference that the near-term outlook is full of uncertainty and underlying price pressures will remain subdued. Below are the main highlights of the conference. Investors can learn more details from the ECB's April monetary policy meeting minutes on May 19.
In addition, on May 19, the 2023 FOMC vote committee, Philadelphia Fed President Harker delivered a speech on the economic outlook.
Friday (May 20) Keywords: Japan's April CPI
On May 20, Japan will announce April CPI-related data. Japan's core CPI in April is expected to rise slightly above the central bank's 2% target, hitting its highest level in seven years, as rising global commodity prices push up the cost of living. Markets expect consumer inflation to hover around 2 percent in the coming months, making the Bank of Japan's efforts to convince markets that it will maintain ultra-easy monetary policy more difficult. Still, some analysts believe that public perceptions of future price movements could change dramatically if the cost-driven rise in inflation persists
In addition to the above data and major events, investors also need to pay attention to the development of the epidemic and the situation in Ukraine this week, which may also have an impact on the financial market.
Monday (May 16) Keywords: China's industrial enterprises above designated size in April, New York Fed President Williams
From January to March, the national industrial enterprises above designated size realized a total profit of 1,955.57 billion yuan, an increase of 8.5% over the same period last year. From January to March, among the industrial enterprises above designated size, state-owned holding enterprises realized a total profit of 706.85 billion yuan, a year-on-year increase of 19.5%; joint-stock enterprises realized a total profit of 1,439.63 billion yuan, an increase of 14.4%; foreign and Hong Kong, Macao and Taiwan-invested enterprises realized a total profit of 470.75 billion yuan. 100 million yuan, a decrease of 7.6%; private enterprises realized a total profit of 533.15 billion yuan, an increase of 3.2%. The relevant data for April will be released on May 16, and it is expected to continue to improve.
On May 10, New York Fed President Williams said that inflation will be close to the 2% target in 2024, and he does not know what the federal funds rate will be in the middle of next year. It is "basic" for the Federal Open Market Committee (FOMC) to maintain strategic transparency. . Investors need to pay attention to his speech on May 16 for his latest views.
Tuesday (May 17) Keywords: US April retail sales, RBA monetary policy meeting minutes, St. Louis Fed President Bullard and Philadelphia Fed President Harker
U.S. retail sales growth hit a 13-month low in March from a year earlier. Other consumption is being squeezed by soaring gasoline prices. U.S. retail sales rose 0.5% month-on-month in March, slightly below expectations of 0.6%, and the previous value was revised up to 0.8% from 0.3%. Retail sales rose just 6.9% in March from a year earlier, the lowest level since February 2021. Data for April will be released on May 17 and are expected to continue to be affected by higher gasoline prices.
On May 3, the Reserve Bank of Australia raised the cash rate by 25 basis points to 0.35%, which exceeded economists' expectations and was higher than the 15 basis points expected. and bond yields rose. It is the first time in nearly 15 years that borrowing costs have been raised on the campaign trail. Investors can learn more about the minutes of the Reserve Bank of Australia's monetary policy meeting on May 17.
On May 17, also watch for comments from St. Louis Fed President Bullard on the economic outlook and Philadelphia Fed President Harker on the topic of health care as an economic driver.
Wednesday (May 18) Keywords: US API and EIA crude oil inventory changes, UK April CPI, ECB President Lagarde
On May 10, data released by the American Petroleum Institute (API) on Tuesday showed that U.S. crude oil and refined oil inventories increased last week. Crude inventories rose by 1.6 million barrels in the week to May 6. Gasoline inventories rose by 823,000 barrels, while distillate inventories rose by 662,000 barrels. Data released by the U.S. EIA showed that the U.S. commercial crude oil inventories excluding strategic reserves unexpectedly exceeded expectations in the week ended May 6, and refined oil inventories and gasoline inventories recorded varying degrees of decline. U.S. crude oil prices rose close to $1 after the EIA data was released. The latest data will be released on May 18, and it is expected to continue to increase as the epidemic continues.
According to the Office for National Statistics, UK CPI jumped 7.0% year-on-year in March, the highest level since March 1992, up from 6.2% in February and market expectations of 6.7%, implying the cost of living for British households The pressure intensified further.
Grant Fitzner, chief economist at the ONS, said: "Rising prices across the board led to another sharp rise in inflation in March. Petrol and furniture prices rose the most, with the petrol price data mainly being collected before the recent fuel tax cut."
On May 11, European Central Bank President Christine Lagarde hinted that the European Central Bank will raise interest rates within a few weeks after the end of bond purchases in the third quarter of this year, suggesting that the European Central Bank will raise interest rates as soon as July. She will speak again on May 18, which needs attention.
On May 18, investors will also need to pay attention to speeches from Cleveland Fed President Mester and Chicago Fed President Evans on inflation and the economic outlook.
Thursday (May 19) Keywords: U.S. initial jobless claims for the week ended May 14, minutes of the European Central Bank's April monetary policy meeting
GMT+8 On April 23 (Friday), the European Central Bank announced the April interest rate decision, maintaining the three major interest rates unchanged as scheduled, and reconfirmed the easing policy stance. The economic growth rate has accelerated significantly this quarter, and PEPP does not necessarily need to be fully utilized, and the scale can also be expanded if necessary. European Central Bank President Christine Lagarde said at a subsequent press conference that the near-term outlook is full of uncertainty and underlying price pressures will remain subdued.
The number of Americans filing for unemployment benefits in the week ended May 7 was 203,000, compared with an expected 195,000 and the previous value of 200,000. Continuing claims for unemployment benefits in the week ended May 7 were 1.343 million, compared with an expected 1.38 million and the previous value of 1.384 million, the lowest level since January 3, 1970.
GMT+8 On April 23 (Friday), the European Central Bank announced the April interest rate decision, maintaining the three major interest rates unchanged as scheduled, and reconfirmed the easing policy stance. The economic growth rate has accelerated significantly this quarter, and PEPP does not necessarily need to be fully utilized, and the scale can also be expanded if necessary. European Central Bank President Christine Lagarde said at a subsequent press conference that the near-term outlook is full of uncertainty and underlying price pressures will remain subdued. Below are the main highlights of the conference. Investors can learn more details from the ECB's April monetary policy meeting minutes on May 19.
In addition, on May 19, the 2023 FOMC vote committee, Philadelphia Fed President Harker delivered a speech on the economic outlook.
Friday (May 20) Keywords: Japan's April CPI
On May 20, Japan will announce April CPI-related data. Japan's core CPI in April is expected to rise slightly above the central bank's 2% target, hitting its highest level in seven years, as rising global commodity prices push up the cost of living. Markets expect consumer inflation to hover around 2 percent in the coming months, making the Bank of Japan's efforts to convince markets that it will maintain ultra-easy monetary policy more difficult. Still, some analysts believe that public perceptions of future price movements could change dramatically if the cost-driven rise in inflation persists
In addition to the above data and major events, investors also need to pay attention to the development of the epidemic and the situation in Ukraine this week, which may also have an impact on the financial market.
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