After a series of central bank decisions, markets are getting a breather thanks to an almost empty macroeconomic calendar—providing a pause before this week’s key CPI report. Market volatility will largely be at the mercy of trade negotiations between China and the U.S., while a speech from a Bank of England member will also be important for the pound. Additionally, it’s worth keeping an eye on agricultural commodities ahead of the WASDE report scheduled for 6:00 PM.
Economic calendar for today:
11:00 AM BST, Euro Zone – Eurogroup Meetings
01:50 PM BST, United Kingdom – BoE MPC Member Mann Speaks
04:00 PM BST, Germany – German Buba Vice President Buch Speaks
05:00 PM BST, United States – Loan Officer Survey
05:00 PM BST, United States – WASDE Report
07:00 PM BST, United States – Federal Budget Balance for April:
- forecast 256.4B; previous -161.0B;
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