US
0300 ET Cleveland Fed President Loretta Mester (voter) speaks on ‘Macroprudential and Monetary Policy’ at an ECB conference in Frankfurt.
0915 ET Dallas Fed President Robert Kaplan (non-voter) speaks in a moderated Q&A at an event at a University of Texas at Dallas event.
GER
0200 ET German Apr PPI expected +0.3% m/m and +1.8% y/y, Mar +0.1% m/m and +1.9% y/y.
0200 ET German Apr wholesale price index, Mar unch m/m and +1.2% y/y.
CAN
0830 ET Canada Mar retail sales expected +0.3% and +0.5% ex autos, Feb +0.4% and unch ex autos.
0830 ET Canada Apr CPI expected +0.3% m/m and +2.3% y/y, Mar +0.3% m/m and +2.3% y/y. Apr core CPI expected +1.9% y/y, Mar +1.9% y/y.
Future News:
Sun UK
1901 ET UK May Rightmove house prices, Apr +0.4% m/m and +1.6% y/y.
JPN 1950 ET Japan Apr trade balance expected +422.8 billion yen, Mar +797.0 billion yen. Apr exports expected +8.5% y/y, Mar +2.1% y/y. Apr imports expected +10.5% y/y, Mar -0.6% y/y.
Markets brace for anti-market sentiment from Italian populists — In normal times, the markets can function as a successful check on ill-advised economic moves by politicians. If a government takes a significant misstep, then a plunge in the stock market or a surge in bond yields can quickly grab their atte
Commodity Calendar – Friday 5/18/2018
Date Time Event Survey Prior
5/18/2018 13:00 Baker Hughes U.S. Rotary Gas Rigs 18-May — 199
5/18/2018 13:00 Baker Hughes U.S. Rotary Oil Rigs 18-May — 844
5/18/2018 13:00 Baker Hughes U.S. Rig Count 18-May — 1045
5/18/2018 15:00 USDA Total Milk Production Apr — 18987m