Published 3 weeks ago in Trading Week Ahead

Trading Week Ahead: Nvidia’s Earnings

US stocks face renewed pressure as surging bond yields and $110 oil weigh on sentiment. Inflation fears are pushing borrowing costs to multi-month highs, compounded by weak economic data from China. Despite these headwinds, the AI-driven market rally holds strong but faces its ultimate test this week with Nvidia’s highly anticipated earnings.

Brace for this week’s three key economic events:

👉 EUR CPI MoM – 11:00, Wednesday (CEST)

The flash estimate for April confirmed annual inflation at 3.0%, driven largely by energy inflation, which jumped by nearly 11%. The final data will be a crucial input for the ECB ahead of its June meeting, where markets are now pricing in rate hikes rather than cuts.

👉 US FOMC Meeting Minutes – 20:00, Wednesday (CEST)

The minutes from the Fed’s April meeting will reveal the extent of the FOMC’s division in holding rates at 3.50 to 3.75%. Since April, hotter inflation data have wiped out expectations for rate cuts, and investors will be looking for signs of whether the Fed views inflation as a temporary shock or a structural problem.

👉 US Flash PMI – 15:45, Thursday (CEST)

A quick look at the state of the US economy in May forecasts a slight slowdown in manufacturing to 53.6 and stability in services at 51.1. Markets will closely monitor the report’s pricing components, as any sign of accelerating input costs would provide a further argument for a tighter Fed policy.

19/05/26

Time

01:50

Instrument

JPY

Event
GDP

Time

08:00

Instrument

GBP

Event
Claimant Count Change

Time

14:30

Instrument

CAD

Event
CPI

20/05/26

Time

08:00

Instrument

GBP

Event
CPI

Time

11:00

Instrument

EUR

Event
CPI

Time

20:00

Instrument

USD

Event
FOMC Meeting Minutes

21/05/26

Time