On Tuesday the 14th, we will know the final reading of the April inflation rate for Germany and Spain, after its first reading showed its stabilisation in the case of the German economy at 2.2% year-on-year and a rebound in its pace of growth up to 3.3% in Spain.
At the same time, the ZEW survey for May will be published, which is expected to continue reflecting the improvement in the expectations of German institutional investors.
The USA will publish the production price index (PPI) for April. After registering a rise of 2.1% year-on-year in March, the consensus of analysts estimates that the PPI in April will remain at similar levels, which could contribute to supporting the normalisation of the general inflation rate in the coming months.
UK unemployment figures and wage statistics are released on Tuesday, and having snubbed them when they needed support calling for wage increases over the extortionate bonuses of shareholders, now with an election looming Keir Starmer hosts meeting with trade unions on workers’ rights. For April, the unemployment rate increased by 0.3 pp to 4.2% of the active population.
We will also have a few global-interest reports today, such as the Global Report on Internal Displacement, the OECD Digital Economy Outlook, Monthly NOAA global climate report, and the OPEC monthly oil markets report.
Business results will be published by the likes of Sony, Alibaba, Bayer AG, Tencent Holdings, Vodafone Group, Flutter, Porsche, Veolia, Currys, Bayer, and Home Depot.
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