
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
In the current geopolitical situation, it’s difficult for analytics to predict all the economic aspects, either it’s about commodities or currencies.
US traders turn their attention to the Bureau of Labor Statistics who’ll release the CPI for the latest inflation data today. Economists expect CPI to rise 7.9% in February compared to last year. This figure will be the fastest annual jump since 1982 and exceed January's current 40-year high of 7.5%.
European Central Bank is going to make a monitory policy statement. Because of Russian-Ukrainian conflict, countries don’t rush raising an interest rate, even though the inflation is 5.8% now. The “stagflation” risk is high.
XBR saw its biggest one-day percentage decline in almost two years as prices settled at $111.14 per barrel.
In currency markets, the EURUSD pair traded at 1.1047 after rising 1.6% on Wednesday, the best day since June 2016, along with European equities and a sell-off in bonds.
In cryptocurrencies, bitcoin traded below $40,000 after a sharp rally in digital tokens fueled by optimism about an upcoming US cryptocurrency overhaul that could provide regulatory clarity for investors.
Adidas posted weaker-than-expected results for the year on Wednesday, but the sportswear brand remains set for the year ahead. Its total sales grew only 16% last year - less than the 18% it’d hoped for. Now the adidas stock costs €210.15.
Amazon rose 10% in extended trading after the e-commerce giant said its board approved a 20-to-1 split in the company's common stock - the first time since 1999 - and authorized a $10 billion share buyback.
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The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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