Date
GMT+01:00
Event
May, 28 00:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: May, 28 00:50
Importance: Low
Previous: 1.1%
Forecast: 1.2%
Actual: -
Period: Apr

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

May, 28 06:00
BOJ Core CPI
BOJ Core CPI
Country:
Date: May, 28 06:00
Importance: Low
Previous: 0.5%
Forecast: -
Actual: -
Period: Apr
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
May, 28 06:45
★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: May, 28 06:45
Importance: Medium
Previous: 0.2% q/q; 1.4% y/y
Forecast: 0.3% q/q; 1.0% y/y
Actual: -
Period: 1 quarter

The Gross Domestic Product is a comprehensive measure of an overall production and consumption of goods and services. GDP serves as one of the primary measures of overall economic well-being. GDP announcements generally conform to expectations as the number comes out after most production figures that lead to overall GDP have already been released. Although releases that are out of line with expectations are rare, unanticipated GDP growth can move markets simply because of its significance as an economic indicator.

May, 28 07:00
Trade Balance
Trade Balance
Country:
Date: May, 28 07:00
Importance: Low
Previous: 3.18bln
Forecast: 2.98bln
Actual: -
Period: Apr

A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.

Surpluses and Deficits
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the country experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect currency leaking out of the country. Such currency outflows may lead to a natural depreciation unless countered by comparable capital inflows (inflows in the form of investments, FDI - where foreigners investing in local equity, bond or real estates markets). At a bare minimum, deficits fundamentally weigh down the value of the currency.

Ramifications of Trade Balance on Markets
There are a number of factors that work to diminish the market impact of Trade Balance upon immediate release. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically anticipated well beforehand. Lastly, since the report reflects data for a specific reporting month or quarter, any significant changes in the Trade Balance should plausibly have already been felt during that period - and not during the release of data.

However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the most important reports out of the any country.

May, 28 07:00
GfK Consumer Climate
GfK Consumer Climate
Country:
Date: May, 28 07:00
Importance: Low
Previous: 10.4
Forecast: 10.4
Actual: -
Period: Jun

The German group GfK uses this report to show the results of their survey on business consumer confidence in order to gauge the health of the German economy. It is a leading indicator of economic strength.

May, 28 07:00
Import Price Index
Import Price Index
Country:
Date: May, 28 07:00
Importance: Low
Previous: 0.0% m/m; 1.7% y/y
Forecast: 0.5% m/m; 1.6% y/y
Actual: -
Period: Apr

This index measures changes in the prices of imports into a country per month.

May, 28 07:00
Nationwide House Price Index
Nationwide House Price Index
Country:
Date: May, 28 07:00
Importance: Low
Previous: 0.4% m/m; 0.9% y/y
Forecast: 0.0% m/m; 1.2% y/y
Actual: -
Period: May

Gauge for costs of homes in the United Kingdom. Mortgage data is used to provide a timely measure of the level of prices. House prices give good information current conditions in the housing market. The Index can precurse broader inflationary pressures felt in later more market moving reports should housing price pressures feed into consumer prices.
 

May, 28 09:00
M3 Money Supply
M3 Money Supply
Country:
Date: May, 28 09:00
Importance: Low
Previous: 4.5%
Forecast: 4.4%
Actual: -
Period: Apr

The broadest measure of money supply in use by Eurozone nations. It includes all currency in circulation, bank deposits, repurchase agreements, debt securities up to 2 years, and the value of money market shares. A larger money supply reduces the purchasing power of the Euro and puts downward pressure on the exchange rate. However, because an increase in M3 leads to price inflation, this figure can also be indicative of the likelihood of future interest rate hikes. The Eurozone M3 is reported in headlines as a percent change from the previous month or as a Three Month Average, which smoothes monthly volatility in the money supply.

May, 28 09:00
Private Sector Credit
Private Sector Credit
Country:
Date: May, 28 09:00
Importance: Low
Previous: 3.2%
Forecast: 3.3%
Actual: -
Period: Apr

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

May, 28 09:30
High Street Lending
High Street Lending
Country:
Date: May, 28 09:30
Importance: Low
Previous: 40.0K
Forecast: 39.3K
Actual: -
Period: Apr
Number of new mortgages approved for home purchase by High Street banks during the previous month. High Street banks make up around 65% of total UK mortgage lending. It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market.
May, 28 10:00
Consumer Confidence
Consumer Confidence
Country:
Date: May, 28 10:00
Importance: Low
Previous: -6.5
Forecast: -6.5
Actual: -
Period: May

Consumer confidence is a measure of popular sentiment concerning the Eurozone economy. The figure is derived from a survey that asks thousands of consumers about personal expenditure patterns and inflationary expectations. In general, rising consumer confidence precedes increased consumer spending, which drives both economic growth and inflation. Even though t he Italian economy is heavily driven by its export sector, domestic consumer confidence is an important gauge of overall economic activity and future inflationary pressures.

A headline figure above 50 shows positive consumer sentiment, while a number below 50 shows negative consumer sentiment; the greater the distance, the stronger the sentiment.

May, 28 14:00
House Price Index
House Price Index
Country:
Date: May, 28 14:00
Importance: Low
Previous: 0.3%
Forecast: 0.2%
Actual: -
Period: Mar

A resumptive index of house prices reflecting prices for new constructions and resale real estate markets. As all indices connected with the construction industry it can be seasonally adjusted.

May, 28 14:00
Case-Shiller 20 City
Case-Shiller 20 City
Country:
Date: May, 28 14:00
Importance: Low
Previous: 3.0%
Forecast: 3.1%
Actual: -
Period: Mar
The S&P Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
May, 28 15:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: May, 28 15:00
Importance: High
Previous: 129.2
Forecast: 130.1
Actual: -
Period: May

Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where 100 reflects a recent base year.

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