The UK cost-of-living crisis will be in the spotlight as new CPI and PPI inflation data is released on Wednesday. We’ll also get German and US GDP updates, US new and pending home sales and Australian and UK retail sales data. Earnings are due from Big Yellow, Palo Alto Networks, Nvidia, SSE, GPE, Aviva, Marks & Spencer, Kingfisher, Medtronic, Workday, Marvell, United Utilities, Südzucker, Ralph Lauren and Gap.

Monday 22 May

Early on Monday in Japan the core machinery orders update for March was published, while later we’ll see the first reading for May of eurozone consumer confidence. Storage unit group Big Yellow also reports full-year results to the market, as the UK housing crisis drives a £1 billion-a-year boom in self-storage.

Our economic calendar covers all the key market-moving events.

Tuesday 23 May

Cybersecurity firm Palo Alto Networks reports on Tuesday as increased migration to the cloud and remote networks post-Covid has led to an escalation of cyberattacks. Earnings are also due from US retailers Lowe’s, Dick’s Sporting Goods, Urban Outfitters and Williams-Sonoma, business software company Intuit, healthcare tech company Agilent, apparel and footwear firm VF, luxury housebuilder Toll Brothers and UK foodservice group SSP Group. Watch out for flash manufacturing and services PMI updates for Australia (late on Monday), Japan, France, Germany, the eurozone, the UK and the US, and the latest US building permits and new home sales data.

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Wednesday 24 May

At 7am (UK time) on Wednesday we’ll get an update on UK inflation with the April CPI and PPI data. In March CPI rose 0.8% month-on-month for an annual inflation rate of 10.1%. Other data includes the German Ifo business climate index and the UK CBI industrial trends orders. Earnings come from GPU producer Nvidia, UK energy company SSE, property developer GPE, semiconductor maker Analog Devices, software company Splunk, insurance firm Aviva, UK retail groups Marks & Spencer and Kingfisher, US clothing retailers American Eagle and Abercrombie & Fitch and department store Kohl’s.

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Thursday 25 May

Medical device company Medtronic posts earnings on Thursday along with enterprise software firm Workday, semiconductor maker Marvell, US discount store Dollar Tree, UK water group United Utilities, design software firm Autodesk, cosmetics store Ulta Beauty, electronics retailer Best Buy, footwear firm Deckers Brands, fashion company Ralph Lauren, German sugar producer Südzucker, specialty chemicals firm Johnson Matthey, private equity group ICG, clothing retailer Gap, defence tech group QinetiQ, pet supplies retailer Pets at Home and commercial property group Workspace. Keep an eye out for German and US Q1 GDP updates (after preliminary figures showed US growth slowing to 1.1%), the German GfK consumer climate, the CBI’s UK distributive trades survey and US pending home sales for April.

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Friday 26 May

Throughout Friday we’ll see the latest Tokyo CPI, Australian and UK April retail sales, US durable goods orders, personal income and spending, goods trade balance, retail inventories excluding auto and the University of Michigan consumer sentiment index. Meanwhile German media company ProSiebenSat.1 is scheduled to post first-quarter figures.

Published: 22 May 2023

You should under no circumstances consider the information and comments provided as an offer or solicitation to invest. This is a macro summary of scheduled news announcements and is not investment advice, independent research or an investment recommendation. The information provided is believed to be accurate at the date the information is produced.