Trump tour to steal the limelight for the week ahead – Rabobank

Michael Every, Senior Asia-Pacific Strategist at Rabobank, lists down the key market moving events and economic releases for the week ahead and suggests that US president Trump’s tour across the world will be the major event.

Key Quotes

“Today Trump will be arriving in Israel for a visit to some of the most hotly-contested real estate in the world; expect “wall to Wall” action, so to speak, and perhaps talk of peace. That’s ahead of his next step, to see the Palestinians; then on to see the Pope; then to talk to the EU in Brussels; then to see NATO; and then the May 26-27 G-7 meeting. In short, most of the key global hot topics/touchstones, and no doubt with an increasingly fatigued Trump, who will also be listening for what Mr. Comey has to say about him on Wednesday. (And what anonymous sources allege via the press every other day of the week.) In short, it could be an interesting week.”

“In the realm of data **yawn** we have already seen good Japanese exports this morning and next up we hear from the Fed’s Harker and Kashkari.”

“Tomorrow we hear from Brainard and Evans, and see preliminary May PMIs in Europe and the US as well as the German IFO survey. There are also US new home sales and Kashkari and Harker again.”

“Wednesday has the RBNZ’s Wheeler and BOJ’s Kuroda speaking, Japan’s PMI, Draghi talking in Madrid, and BOC rate decision, US existing home sales, and the FOMC minutes.”

“Thursday has just Kaplan and Kashkari speaking along with US wholesale inventories.”

“Friday then sees Japanese CPI, the Fed’s Bullard, and US GDP and durable goods.”

“But clearly it looks to be the ‘Trump Around the World’ tour that will be of most interest once again.”