Key Dates

May 11 – Brazil Central Bank meeting minutes released. The minutes will shed light on a recent hawkish turn by the bank in its 75 basis-points hike last week, along with its pledge for another hike next month. The moves are intended to calm inflation, which recently hit a four-year high on elevated food and energy prices.

May 11 – US Energy Information Administration’s short-term energy outlook published, updating forecasts on supply and demand for crude oil and natural gas.

May 11 – Bank of England head Andrew Bailey scheduled to speak.

May 12 – UK Q1 GDP data released. Year-on-year is expected to show an 8.1% contraction, and quarter-on-quarter is expected to show growth of 0.5%.

May 12 – US core consumer price index (CPI) data released for April.

May 12 – US crude oil inventories data released.

May 13 – US initial jobless claims data released.

May 13 – US producer price index (PPI) data released for April.

May 14 – ECB monetary policy statement published.

May 14 – US retail sales data released for April.

May 15 – Constitutional assembly in Chile.