Look ahead: Global PMIs; US initial jobless claims; new home sales; Tate & Lyle; Dollar Tree
Global growth swings into view with the release of Japan, eurozone, UK, US manufacturing & services PMI flash data. US initial jobless claims and new home sales will be key in an otherwise quiet US economic data week.
After the FOMC minutes, the next inflation data point will be PCE data on 31 May. Aviva and Tate & Lyle report earnings. Dollar Tree is expected to report a 4.2% increase in quarterly sales.
(AI Video Summary)
Manufacturing and services PMIs
In the financial market "Look ahead" to 23 May, Angeline Ong covers key indicators such as the manufacturing and services PMIs from Japan, the eurozone, the UK, and the US are highlighted, with a particular focus on the US due to its impact on the US dollar and potential Federal Reserve interest rate decisions. The discussion touches on US economic data like inflation, jobless claims, and new home sales, which are critical amid the Fed's data-dependent stance.
Earnings reports
There’s also anticipation around first-quarter earnings from Dollar Tree, expected to show a revenue increase, reflecting broader trends in US retail consumer health and spending.
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