[iForex]

The US next week offers a new round of housing data, the latest manufacturing readings from several regions and the revised Q1 GDP figures. Meanwhile, surveys will once again be important signposts for the Euro area with the German Ifo survey and the EC economic sentiment. Analysts expect most releases in the US and Euro area to show improvements. While no official Fed comments are slated, it will be a very busy week for ECB speakers.

In Asia, a number of important releases are scheduled in Japan: IP, CPI, trade, labor statistics. An improvement in production plans for May will be key to support the view that the Japanese economy bottomed in the first quarter.

Key events in the week ahead

Monday, 25 May

09:00 Germany IFO survey - business climate (May)
13:00 Hungary NBH rates decision
15:30 Israel BoI rates decision

Tuesday, 26 May
10:00 Eurozone Industrial new orders (Mar, mom, sa)
10:30 S. Africa GDP (Q1, yoy, nsa)
11:00 Malaysia BNM rates decision
14:00 US Case-Shiller home price (Mar, yoy)
15:00 US Consumer confidence (May)

Wednesday, 27 May
00:50 Japan Trade balance (Apr, JPY, sa) - Germany CPI (May, yoy, P)
11:00 Malaysia GDP (Q1, yoy)
12:00 Poland NBP rates decision
15:00 US Existing home sales (Apr)

Thursday, 28 May
10:00 Eurozone Economic confidence (May) - S. Africa SARB rate decision
13:30 US Durable goods orders (Apr, mom)
15:00 US New home sales (Apr)

Friday, 29 May
00:30 Japan National CPI (Apr, yoy)
00:50 Japan Industrial production (Apr, mom) - India GDP (Q1, yoy)
08:30 Sweden GDP (Q1, qoq, sa)
09:00 Poland GDP (Q1, yoy)
10:00 Eurozone CPI flash estimate (May, yoy, E)
10:30 Switzerland Kof leading indicator (May)
13:30 US Real GDP (Q1, A )
14:45 US Chicago PMI (May) - Colombia Banrep rates decision