Important events and data previews next week - May LPR, Trump's and Putin's conversation, multiple officials from the Federal Reserve speak.
Monday:
1. Data: China's April social consumer goods retail sales total value year-on-year; China's April industrial added value of enterprises above designated size year-on-year; Eurozone April final CPI; US April Conference Board Leading Economic Index.
2. Events: Federal Reserve officials Williams, Jefferson, and Bostic give speeches; National Bureau of Statistics releases monthly report on residential sales prices in 70 large and medium-sized cities; State Council Information Office holds press conference on national economic situation; Shenzhen Stock Exchange hosts 2025 Global Investors Conference; Huang Renxun attends Taipei International Computer Exhibition and gives a speech; Trump talks with Putin, Zelensky, and NATO member countries; domestic refined oil will start a new round of price adjustment window.
3. Holiday: Toronto Stock Exchange closed for Victoria Day in Canada.
4. Financial Reports: Alibaba Health, Alibaba Pictures, Leap Motor, Ctrip.
Tuesday:
1. Data: China's one-year and five-year loan market quotations rates up to May 20; Germany's April PPI; Eurozone seasonally adjusted current account for March; Canadian April CPI; Eurozone preliminary consumer confidence index for May.
2. Events: CATL listed in Hong Kong; Reserve Bank of Australia interest rate decision and press conference; G7 Finance Ministers and Central Bank Governors meeting held until May 22.
3. Financial Reports: ZTO Express, Huazhu Group, Bilibili, Weibo, Vipshop.
Wednesday:
1. Data: US API and EIA crude oil inventory up to May 16; EIA crude oil in Cushing, Oklahoma and EIA strategic petroleum reserve inventory; UK April CPI, April retail price index.
2. Events: Federal Reserve officials Mester, Bostic, Harker, and Daly give speeches; NYMEX New York crude oil June futures roll-over.
3. Financial Reports: Baozun E-commerce, Baidu, Xpeng Motors.
Thursday:
1. Data: China's April Swift RMB global payment share; PMI for multiple European countries and the US in May; Germany's IFO Business Climate Index for May; UK CBI industrial order balance for May; US initial jobless claims, April existing home sales, EIA natural gas inventory for the week.
2. Events: Federal Reserve's Barkin participates in "Fed Listens" event; European Central Bank releases minutes of April monetary policy meeting.
3. Financial Reports: Lenovo Group.
Friday:
1. Data: UK May GfK consumer confidence index; Japan April core CPI annual rate; Germany's final unadjusted 1st quarter GDP annual rate; UK April seasonally adjusted retail sales monthly rate; Canadian March retail sales monthly rate; US April new home sales annualized total.
2. Events: Federal Reserve's Williams gives keynote speech at monetary policy implementation workshop.
3. Financial Report: Tongcheng Travel.
Saturday:
1. Data: US total number of oil rigs up to May 23.
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