US 0700 ET Weekly MBA mortgage applications, previous -2.7% to 376.5 with purchase sub-index -2.1% to 252.4 and refi sub-index -3.8% to 1057.1.
0945 ET May Markit U.S. manufacturing PMI expected unch at 56.5, Apr +0.9 to 56.5. May Markit U.S. services PMI expected +0.4 to 55.0, Apr +0.6 to 54.6.
1000 ET Apr new home sales expected -2.2% to 679,000, Mar +4.0% to 694,000.
1030 ET EIA weekly Petroleum Status Report.
1130 ET Treasury auctions $16 billion of 2-year floating-rate notes.
1300 ET Treasury auctions $36 billion of 5-year T-notes.
1400 ET Minutes of the May 1-2 FOMC meeting.
1415 ET Minneapolis Fed President Neel Kashkari speaks in a moderated Q&A at an event in an event in Bismark, ND.
JPN 0003 ET Japan Mar all-industry activity index expected +0.1% m/m, Feb +0.4% m/m.
0130 ET Japan Apr nationwide department store sales, Mar +0.1% y/y.
0200 ET Revised Japan Apr machine tool orders, prelim-Apr +22.0% y/y.
FRA 0130 ET France Q1 ILO unemployment rate expected -0.1 to 8.8%, Q4 -0.7 to 8.9%.
0300 ET France May Markit manufacturing PMI expected -0.1 to 53.7, Apr +0.1 to 53.8. May Markit services PMI expected -0.2 to 57.2, Apr +0.5 to 57.4.
GER 0330 ET German May Markit/BME manufacturing PMI expected -0.2 to 57.9, Apr -0.1 to 58.1. May Markit services PMI expected unch at 53.0, Apr -0.9 to 53.0.
EUR 0400 ET Eurozone May Markit manufacturing PMI expected -0.1 to 56.1, Apr -0.4 to 56.2, May Markit composite PMI expected unch at 55.1, Apr -0.1 to 55.1.
1000 ET Eurozone May consumer confidence expected +0.1 to 0.5, Apr +0.3 to 0.4.
UK 0430 ET UK Apr CPI expected +0.5% m/m and +2.5% y/y, Mar +0.1% m/m and +2.5% y/y. Apr core CPI expected +2.2% y/y, Mar +2.3% y/y.
0430 ET UK Apr RPI expected +0.5% m/m and +3.4% y/y, Mar +0.1% m/m and +3.3% y/y. Apr RPI ex mortgage interest payments expected +3.4% y/y, Mar +3.4% y/y.
0430 ET UK Mar house price index expected +4.4% y/y, Feb +4.4% y/y.
0600 ET UK May CBI retailing reported sales expected +7 to 5, Apr +6 to -2.
Commodity Calendar – Wednesday 5/23/2018
Date Time Event Survey Prior
5/23/2018 10:30 DOE Total Fuel Ethanol Inventory 18-May — 21505k
5/23/2018 10:30 DOE Fuel Ethanol Total Production 18-May — 1058k
5/23/2018 10:30 DOE U.S. Crude Oil Inventories 18-May — -1404k
5/23/2018 10:30 DOE Cushing OK Crude Inventory 18-May — 53k
5/23/2018 10:30 DOE U.S. Gasoline Inventories 18-May — -3790k
5/23/2018 10:30 DOE U.S. Distillate Inventory 18-May — -92k
5/23/2018 10:30 DOE U.S. Refinery Utilization 18-May — 0.70%
5/23/2018 10:30 DOE Crude Oil Implied Demand 18-May — 18525
5/23/2018 10:30 DOE Gasoline Implied Demand 18-May — 10455.6
5/23/2018 10:30 DOE Distillate Implied Demand 18-May — 5121.1