mask Risk Hit Again by US-China Trade Woes; Draghi & UK CPI Up Next

22/ 05/ 2019

Risk Hit Again by US-China Trade Woes; Draghi & UK CPI Up Next

Daily Update – 22nd May 2019

Yesterday Focus

  • GBP UK Prime Minister Theresa May Speech

  • USD Existing Home Sales

Yesterday Explained

 

Data released this Tuesday also played in favor of a recovery, as EU's May preliminary Consumer Confidence improved by more than anticipated. Dollar's strength was the result of comments from US Fed's Chief Powell, who cooled down expectations of an upcoming rate cut in the US in a speech offered late Monday.

PM May surprised the markets this Tuesday by announcing a new Brexit bill, which details will be unveiled in the next few days

 

Today's Market

  • EUR ECB’s President Draghi Speech
  • GBP Consumer Price Index
  • USD FOMC Minutes

Today’s Focus

Wednesday's macroeconomic calendar will include a speech from ECB's Draghi and the release of the latest FOMC Meeting's Minutes, while UK will release April CPI figures, with annual core inflation. This last could pass unnoticed after the most recent words from Powell and the already digested 'patient' stance of US policymakers.