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Sweden's central bank said structural reforms are needed in the housing market to curb households' high indebtedness. In the Financial Stability Report, released Wednesday, Riksbank said high household indebtedness poses the greatest risk to the Swedish economy. The development of household indebtedness... Read more...

Japan's supermarket sales declined in April, data from the Chain Store Association showed Wednesday. Supermarket sales dropped 1 percent year-on-year in April, reversing a 0.5 percent rise in March. The annual drop was largely driven by clothing sales, which fell 7 percent. Meanwhile, services... Read more...

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Consumer and producer prices and public sector finance reports from the UK are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, European Central Bank President Mario Draghi is set to speak at an event organized by the ECB in Frankfurt, Germany. Read more...

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Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of April, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales dipped by 0.4 percent to an annual rate of 5.19 million in April. Read more...

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The Organization for Economic Co-operation and Development lowered the 2019 global growth outlook as escalating trade disputes hurt manufacturing and investment decisions. In its latest Economic Outlook, published Tuesday, the Paris-based think tank forecast 3.2 percent growth for 2019 versus 3.3 percent estimated in March. The global growth outlook for 2020 was retained at 3.4 percent. Read more...

The Organization for Economic Co-operation and Development downgraded the global growth outlook for 2019 as trade disputes hurt manufacturing and investment decisions. In its latest Economic Outlook, published Tuesday, the agency forecast 3.2 percent growth for 2019 instead of 3.3 percent estimated... Read more...

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Eurozone consumer confidence rose more-than-expected in May to its highest level in seven months, after weakening in the previous month, flash data from the European Commission showed on Tuesday. The flash consumer confidence index climbed to -6.5 from -7.3 in April, which was revised from -7.9. Economists... Read more...

Recent production slowdown in the German economy was broad-based, extending beyond the automobile and chemical industries, and a sustained pick-up is only likely if demand recovers, Capital Economics economists said. "The weakness of other sectors accounts for more of the slowdown in production since... Read more...

Slovenia output prices rose in April, figures from the Statistical Office of the Republic of Slovenia showed on Tuesday. Output price increased 1.2 percent year-on-year in April. Among the main industrial groups, the price index for the energy sector rose 15.3 percent annually, while that of... Read more...

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Thailand's exports fell at a slower rate in April, data from the Commerce Ministry showed on Wednesday. Exports decreased 2.57 percent year-on-year in April, after a 4.88 percent decline in March. Economists had expected a 2.0 percent fall. Imports fell 0.72 percent annually in April, after a... Read more...

Australia's construction work done fell in March quarter, data from the Australian Bureau of Statistics showed on Wednesday. Construction work done declined a seasonally adjusted 6.0 percent from previous year in the March quarter, and fell 1.9 percent from the December quarter. The value of engineering... Read more...

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Bank of Japan board member Yutaka Harada said monetary easing should be strengthened further without delay. "If the economy deteriorates to the extent that achieving the 2 percent price stability target in the long term becomes difficult, I view it as necessary to strengthen monetary easing without delay," he told business leaders in Nagasaki. Read more...

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South Africa's consumer price inflation slowed in April after rising in the previous month, data from Statistics South Africa showed on Wednesday. The consumer price index rose 4.4 percent year-on-year in April, slower than 4.5 percent increase in March. Economists had expected the inflation to rise... Read more...

Australia's leading index dropped again April and remained consistently negative over the past five months, signaling that economic growth in the first quarter is likely be below trend, Westpac reported Wednesday. The Westpac- Melbourne Institute Leading Index declined to -0.47 percent in April... Read more...

The total volume of retail sales in New Zealand was up a seasonally adjusted 0.7 percent on quarter in the first three months of 2019, Statistics New Zealand said on Wednesday - exceeding forecasts for a rise of 0.6 percent following the 1.7 percent jump in the three months prior. The total value... Read more...

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Recent production slowdown in the German economy was broad-based, extending beyond the automobile and chemical industries, and a sustained pick-up is only likely if demand recovers, Capital Economics economists... Read more...

Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Wednesday ,May.22
04:30
PPI Input (Y-o-Y)
APR
 
 
3.7 %
UK
04:30
PPI Output (M-o-M)
APR
0.3 %
 
0.3 %
UK
04:30
PPI Output (Y-o-Y)
APR
2.1 %
 
2.4 %
UK
04:30
House Price Index (M-o-M)
MAR
 
 
-0.8 %
UK
04:30
House Price Index (Y-o-Y)
MAR
 
 
0.6 %
UK
04:30
CPI (M-o-M)
MAR
0.6 %
 
0.2 %
UK
04:30
CPI (Y-o-Y)
MAR
2.1 %
 
1.9 %
UK
04:30
Core CPI (M-o-M)
MAR
0.4 %
 
0.2 %
UK
08:30
Retail Sales (M-o-M)
MAR
 
 
0.8 %
Canada
08:30
Retail Sales (Y-o-Y)
MAR
 
 
1.8 %
Canada
09:30
CB Coincidence Index
MAR
 
 
0.2 %
France
09:30
CB Leading Index
MAR
 
 
-0.1 %
France
10:30
EIA Crude Oil Inventory (Barrels)
MAY 17
 
 
472.0 M
United States
19:50
Foreigners Buying Japan Bonds (Yen)
MAY 12 - MAY 18
 
 
¥ 553.5 B
Japan
19:50
Foreigners Buying Japan Stocks (Yen)
MAY 12 - MAY 18
 
 
¥ 1121.0 B
Japan
20:30
PMI Manufacturing
MAY P
 
 
50.2
Japan
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Reprieve For Huawei May Lead To Rebound On Wall Street

The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to regain ground after ending the previous session mostly lower. Early buying interest is likely to be generated in reaction to news that the U.S. Commerce Department has temporarily eased trade restrictions...
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