On Friday, oil futures showed a decrease, but closed the week with a growth amid the weakening of the dollar.
On the New York Mercantile Exchange, US crude oil for June delivery fell 0.32%, to $ 60.54 per barrel. For a week the price of the contract increased by 0.5%.
In exchange, ICE Brent crude for July delivery increased by 0.2%, to $ 66.97 price per barrel. For a week the contract rose in price by 0.98%.
Here is a list of significant events likely to affect the markets:
Monday, May 18
- Japan is to publish a report on machinery orders.
- Switzerland is to publish a report on retail sales.
- Markets in Canada will be closed for a national holiday.
Tuesday, May 19
- Reserve Bank of Australia will release the protocol of its last meeting of the monetary policy Committee, through which investors can determine how officials view the current state of the economy and possible policy of the bank in the future.
- New Zealand is to publish data on expected inflation.
- UK is to release the consumer price index.
- In the eurozone, there will be published index of economic sentiments ZEW in Germany.
- The US will publish data on building permits issued and the volume of new construction.
#ava300x250oil#Wednesday, May 20
- Japan is to release preliminary data on GDP growth in the first quarter.
- Australia is to publish an index of consumer sentiment.
- The Bank of England will release the minutes of the Committee on monetary policy meeting.
- Canada is to publish a report on wholesale sales.
- The Federal Reserve will publish the minutes of FOMC.
Thursday, May 21
- China will release preliminary index of business activity in the manufacturing sector from HSBC.
- The eurozone is to publish reports on the activity of the private sector. On the same day the ECB will publish the minutes of the last policy meeting.
- UK is to release industry data on retail sales and industrial orders expectations.
- US will publish a series of reports, including the number of initial applications for unemployment benefits, sales of existing homes, as well as an index of manufacturing activity from the Federal Reserve Bank of Philadelphia.
Friday, May 22
- The Bank of Japan will decide on monetary policy and hold a final press conference.
- In the eurozone, there will be published the index of business climate IFO in Germany.
- UK is to release a report on public sector net borrowing.
- ECB President Mario Draghi and the head of the Bank of England Governor Mark Carney should speak at an event in Portugal, while investors will focus on their performances.
- Canada will release the core consumer price index (CPI) and the core index of retail sales.
- US will close the week with core consumer price index.