Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

May 10-16, 2025 – Currency Thoughts


Next Week’s Calendar: May 10-16, 2025

May 9, 2025

Central Banks: Central banks in Mexico and Romania will be reviewing interest rate policies, and a summary of the last Bank of Japan Board meeting will be published. Several Bank of England officials speak publicly, including Breeden, Mann, Greene and Gambardelli. San Francisco Fed President Daly also has a speaking engagement.

Special Events: Trade talks begin between China and the United States. Meetings of OPEC and the Eurogroup are scheduled.

U.S. Data Releases: Consumer prices, producer prices, import and export prices, retail sales, industrial productio9n capacity utilization, housing starts, building permits, small business sentiment, National Association of Home Builders housing market index, Empire State and Philly Fed manufacturing surveys, April federal budget deficit, and Treasury-compiled capital flows. Weekly jobless insurance claims, mortgage applications, chain store sales and energy inventories.

Japanese and Chinese Releases: Japanese quarterly GDP and monthly corporate goods prices, money and credit growth, revised industrial production, capacity usage, machine tool orders, and current account. Chinese money growth, bank lending, CPI and PPI.

Selected Other Asian releases: GDP of Hong Kong and Malaysia. Trade balances of India, Singapore and Indonesia. Indian consumer prices and wholesale prices. Indonesian retail sales and South Korean jobless rate.

Euroland Releases: Quarterly GDP and employment growth. Monthly trade balance and industrial production. ZEW Institute’s index of investor sentiment.

Members of the Euro Area: German and French indices of leading economic indicators. German ZEW expectations index. German, Italian, French, Latvian, Dutch, Portuguese, Finnish, Slovakian, and Croatian CPI. German, Finnish and Latvian current accounts. Cypriot, Slovakian and Slovenian GDP. German wholesale prices and Italian current account.

U.K. and Switzerland: British CPI, PPI, labor market statistics, same store sales, GDP, business investment, industrial production, construction output, trade balance, productivity, and index of leading economic indicators. Swiss producer prices and import prices.

Eastern Europe: Romanian, Czech, Polish, and Russian consumer  prices. Romanian, Polish, Russian and Bulgarian GDP. Romanian and Hungarian industrial production.

Nordic Europe: Norwegian and Danish trade balances. Swedish and Danish consumer prices. Norwegian GDP and Danish PPI.

Australia and New Zealand Releases: Australian labor market statistics, consumer confidence, business confidence, housing permits and quarterly wage inflation. New Zealand home prices and expected CPI inflation.

Turkey and South Africa: Turkish retail sales and current account. South African unemployment.

Canada, Mexico and Brazil: Canadian housing permits. Mexican industrial production. Brazil’s index of leading economic indicators and retail sales.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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