Weekly Outlook: May 8 - May 12

Monday
Asia: China’s exports, imports and trade balance are set to be presented on Monday, although timing hasn’t been confirmed yet. Analysts are seeing a 10.4 percent increase for exports and a 18.0 percent build for imports. April’s trade balance is seen at $35.50 billion.
Europe: Germany kicks off the week with the latest reading on Factory Orders as of 06:00 GMT. In the United Kingdom, traders will pay attention to the Halifax House Price Index for April due to be released at 07:30 GMT.

Tuesday
Europe: Switzerland will release its latest unemployment rate for April at 05:45 GMT. Last month, the indicator stood at 3.4 percent. German industrial production for March is scheduled at 06:00 GMT and it’s expected to decrease in 0.5 percent. In parallel, trade balance is seen at 20.0 billion euros, one down from the previous month.
United States: JOLTs jobs openings for March are set at 14:00 GMT.

Wednesday
Asia: China’s National Bureau of Statistics will release its latest reading on the Consumer Price Index for April at 01:30 GMT. Economists are pointing at a 1.1 percent build from a prior 0.9 percent. This index will come together with the Producer Price Index, which is seen at 6.9 percent. Almost a day later, Japan will present its Current Account index as of 23:50 GMT. In February, the Ministry of Finance reported an increase to 2.814 trillion yens.
United States: Export and Import price indexes for April are due at 12:30 GMT, with expectations standing at a 0.1 percent increase in both cases. The Federal Reserve will be releasing its Federal Budget Balance for April at 18:00 GMT. Last month, it came in at -176.0 billion dollars. The US Energy Information Administration will also present its weekly report on crude and refined products inventories at 14:30 GMT.

Thursday
Europe: Switzerland’s CPI for April is set to be out as of 07:15 GMT. ECB’s Economic Bulletin, which contains statistical information relevant to policy decisions, will be released at 08:00 GMT. Half an hour later, UK’s industrial and manufacturing production indexes for March are coming along with a new reading on the trade balance, currently seen at -11.60 billion pounds. However, Thursday’s main event will be the Bank of England monetary meeting. The regulator will announce its interest rate decision at 11:00 GMT, although no changes are expected. BOE’s meeting minutes will be out an hour after the event concludes.
United States: Market participants will be paying attention to the Produce Price Index for April, which is due at 12:30 GMT. The index is another key inflation metric monitored by the Federal Reserve in order to take interest rate decisions. Prices are seen 0.2 percent higher.

Friday
Europe: Germany is releasing two key economic reports at 06:00 GMT: the consumer price index for April and first-quarter gross domestic product. Europe’s top economy is believed to have expanded in 1.7 percent year over year and 0.7 percent quarterly. Eurozone’s industrial production is due at 09:00 GMT, with expectations for a 0.3 percent.
United States: Consumer price index for April is due at 12:30 GMT, together with retail sales. Analysts projected a 0.2 percent and 0.6 percent build respectively. Business inventories are due as of 14:00 GMT and Michigan University will present a preliminary reading on the consumer sentiment index for May at the same time.