1Finance

EUR/USD took Macron’s victory with a stride, having priced in the election from the outset. GDP and inflation data stand out in the third week of May.

1. French CPI (final): Tuesday, 6:45. The final read will likely confirm it.
2. Italian GDP: Tuesday, 8:00. After 0.2% in Q4 2016, the exact same rate is predicted now.
3. GDP: Tuesday, 9:00. A repeat is predicted.
4. German ZEW Economic Sentiment: Tuesday, 9:00. Another upbeat number could follow: 22.3 is predicted. The all-European figure is also predicted to advance: from 26.3 to 29.1 points.
5. Trade Balance: Tuesday, 9:00. A similar figure is on the cards now: 18.8 billion.
6. CPI (final): Wednesday, 9:00. The preliminary inflation estimates showed a pickup in inflation in April: 1.9% on the headline and a surprisingly strong jump in core inflation at 1.2%. The final read should confirm these early assessments.
7. German PPI: Friday, 6:00. April could see PPI picking up: +0.2%.
8. Current Account: Friday, 8:00. It is now forecast to dip to 32.3 billion.
9. Consumer Confidence: Friday, 14:00. A score of -4 was seen in April and a small rise to -3 is forecast now.

the source