An extremely interesting week for investors will end with the election of the new president of Poland. Before this happens, we will know the reading of May inflation in our country and other large economies. There will be GDP reviews, including in the USA, and the stock market will get a rash of resulting reports from the WSE and this one of Wall Street, which everyone is waiting for, regarding Nvidia.
Monday, May 26
On global financial markets it will be almost free. In the sense that London City (on the occasion of the Spring Banking Day) and New York Wall Street (Remembrance Day in the USA) will not work. All this should result in lower turnover and lower variability also on those stock exchanges that work normally that day.
At the morning (10.00) the Central Statistical Office will publish data on retail sales and unemployment rate. The calendar also has a speech by Christine Lagarde, president of EBC.
Quarterly reports of companies from the WSE: Ferro, Benefit, PHN, Sonel, Pharmenna, Polimex, Spyrosoft,
Tuesday, May 27
In Japan, a public speech of the head of the Bank of Japan Kazuo Uedy (8.30) is planned. The morning in Europe is a Swiss balance of foreign trade. Reading the GFK German trust index. France will show a preliminary reading of inflation for May, and from the euro area the readings of the consumer mood index, producers and in the entire economy will come. The report is published by the European Commission.
Hungarians will decide on the level of interest rates on this day (at 14.00).
In the afternoon at 14.30 we will know the April data about orders for goods in the USA, and 15.00 in March reading of two house price indexes in the United States (S&P/Case-Shiller and FHFA). An hour later, the Conference Board will show the May value. At 16:30, the May Index of the Fed from Dallas will come.
The quarterly reports of the WSE companies will show, among others: PGE, Captor Theraputics, IMS, Diagnostics, Passus, Asseco, Wirtualna Polska, OT Logistic, Grupa Prajuj, Boombit. More in our calendar.
Wednesday, May 28
Sweden will show data on retail sales and foreign trade balance for April. Germany will inform about the unemployment rate and import prices, and the French about the final GDP for the first quarter and consumer expenses. In the USA we have a planned reading of the Fed index from Richmond for May. The index value above zero signals the improvement of economic conditions. The decrease below this level is interpreted as their deterioration. The last two months have shown negative values. For dinner we will get a report from the last FOMC meeting, which left interest rates in the US at an unchanged level.
The macro calendar is therefore average, except for the minutes of the fed, but the markets will be stared at only one report on that day regarding the quarterly results of Nvidia. The bull market at the course this year has faded, and the rate of return from the beginning of January ranges around 0 percent. After an increase by 171 percent in 2024 and 239 percent in 2023
Quarterly reports on the WSE will show, among others: XTPL, Movie Games, Vigo Photonics, Voxel, PCF Group, Grupa Azoty, CD Projekt, Trakcja
Thursday, May 29
Japan will publish a consumer trust index. Hungarians commercial balance. The results of retail sales for April will be showed by statistics from Spain (at 9:00). The Turkish commercial balance will appear at the same time. In Poland, in Poland, the Bureau of Investment and Economic Cycles will show its ahead of the economic situation.
A large package of data will come from the USA that day. First of all, a periodic revision of GDP for the first quarter. In the first reading, the annalized reading of the GDP dynamics was negative, which in the last decade only happened 3 times, and the measure of inflation preferred by the Fed was significantly increased. Therefore, investors on Thursday will see if something has changed in this data. In addition, we have weekly numbers regarding applications for unemployment benefit, changes in gas and fuel inventory and the occurrence of members of the Fed.
At the end of May, the deadline for the publication of reports for the first quarter ended on March 31, so there will be a rash on the WSE. The reports will show, among others: Bioceltix, Genomtec, Inc, Columbus, Synthaverse, ECB (former Będzin), Rainbow Tours, Rafako, Bloober, Getin, Pamapol, Snex, Datawalk, PekaBex, Unimot, ATM Grupa, Lubawa, Enter Air Holding.
Friday, May 30
The inflationary data will be showed by the Japanese who will present the May Basic Inflation of CPI in the Tokyo region (as well as the April industrial production and retail sales). At 8:00, the Germans will show data on retail sales. An hour later, Spain will inform about May inflation, at 11.00 Italy, and 14.00 Germany. GDP data will be presented by Czechs, Turks and Italians, and the Canadians overseas. In turn, inflation data will come from the USA for April according to PCE measures, data on the income of Americans and inflation expectations. In addition, it may be interesting to read the freight balance for April. We also have readings of the Chicago PMI and Michigan University.
On Friday, the initial report on inflation for May in Poland will present the Central Statistical Office at 10.00. This will be the most important macro reading in Poland last week of May.
The quarterly reports of the WSE companies will apply to, among others: 4Mass, Delko, Talex, PKP Cargo, PlayWay, PGF, SFD, Protector, Zepak, JSW (postponement report), Esotiq, Tarczyński. Sphinx, Games Operators, Echo, Archicom.
Saturday, May 31
May PMI readings for industry and the service sector will come out of China (at 3:30).
Sunday, June 1
There will be a second round of presidential elections in Poland, in which you can vote for Rafał Trzaskowski from the Civic Coalition and Karol Nawrocki supported by Law and Justice.
Mku
