Fed Minutes and PMI Data Take Center Stage: Key Market Movers of the Week

Market Movers for the Week of May 20-24: Fed Minutes and Preliminary PMIs in Focus

The upcoming week will see investors closely monitoring key economic events such as the release of the Federal Reserve minutes and the preliminary Purchasing Managers’ Index (PMI) figures from major global economies.

Monday, May 20

On Monday, attention will be on China’s People’s Bank of China (PBoC) interest rate decision and Germany’s Producer Price Index.

Tuesday, May 21

Key events include the Eurogroup meeting for the Eurozone and the release of the weekly US crude oil inventories report.

Wednesday, May 22

Wednesday will feature Japan’s Trade Balance, UK’s Consumer Price Index, US existing home sales, crude oil inventories, and most importantly, the Federal Open Market Committee (FOMC) meeting minutes.

Thursday, May 23

Thursday is packed with significant data including Japan’s Manufacturing and Services PMI, Germany’s Composite PMI, Eurozone’s Manufacturing and Services PMI, UK’s Composite PMI, and the US initial jobless claims and Manufacturing PMI.

Friday, May 24

Ending the week, investors will focus on UK’s Retail Sales, Germany’s GDP, US Durable Goods Orders, University of Michigan Consumer Sentiment, and Michigan Consumer Expectations Index.

This week’s market movers have the potential to impact global markets, shaping investor sentiment and economic outlooks.
Stay tuned for updates on these key events.