The Week Ahead: May 22nd - 26Th

BoC policy meeting, OPEC & non-OPEC gathering, FOMC minutes, key data in focus

Next week’s market movers

  • The Bank of Canada is expected to stand pat once again. We see the case for policymakers to shift to an even more cautious tone than previously, in light of the recent tariffs from the US.
  • In Vienna, major OPEC and non-OPEC producers will meet. The latest comments suggest that November’s oil output-cut deal is very likely to be extended by 9 months.
  • In the US, the minutes from the latest FOMC meeting could shed some light on whether the Committee is indeed set to hike in June should economic data hold up.
  • We also get key economic data from Germany, Eurozone, the UK, the US, and Japan.

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