{"id":12698,"date":"2026-05-11T07:21:43","date_gmt":"2026-05-11T07:21:43","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=12698"},"modified":"2026-05-11T07:21:45","modified_gmt":"2026-05-11T07:21:45","slug":"2026-05-11","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/es\/analytics\/2026-05-11\/","title":{"rendered":"Week&#8217;s main events (May 11 \u2013 May 15)"},"content":{"rendered":"<div class=\"ag-base_page ag-m-format-container\">\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (May 11 \u2013 May 15)<\/h1>\n<div class=\"ag-analytics-page ag-market-overview-page\">\n<p class=\"ag-analytics_text\">The situation in the Middle East will remain one of the key drivers for global markets, as last week\u2019s ceasefire between the United States and Iran came under threat several times. Investors will continue to monitor any signs of further escalation or, conversely, progress toward a diplomatic settlement. Among major economic events, the primary focus will be on US data releases for inflation, retail sales, and industrial production, amid ongoing divisions within the Federal Reserve over the future policy path. In Europe, markets will assess the United Kingdom\u2019s GDP and trade figures, industrial production across the euro area, and Germany\u2019s ZEW Economic Sentiment Index. China will publish its inflation data, while the Bank of Japan is expected to provide additional signals on its future monetary policy stance. Corporate earnings from major international companies in the technology, financial, and industrial sectors will also play an important role in shaping market dynamics.<\/p>\n<div class=\"ag-analytics_title\">Monday, May 11<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>The China CPI and PPI releases are the day&#8217;s high-stakes events for the Asia-Pacific region. While headline CPI is expected to stabilize near 1.0%, the real story lies in the PPI, which is forecasted to climb toward 1.5%-1.8%. This divergence is critical: it suggests that while Chinese consumers are still hesitant (keeping CPI low), the \u00abIran war shock\u00bb is driving up industrial costs (PPI). If the PPI beats expectations significantly, it will signal that China is \u00abexporting inflation\u00bb to the rest of the world, potentially complicating the Fed&#8217;s and ECB\u2019s plans to cut rates later this year. For traders, a hot PPI could boost the Offshore yuan (CNH) but weigh on Chinese Equities (HK50) as manufacturing margins are squeezed.  In Europe, Norway&#8217;s Inflation Rate will be closely watched following Norges Bank&#8217;s decision last week to raise rates to 4.25%. With oil prices hovering near $100, Norway is experiencing intense \u00abimported inflation.\u00bb A reading above the projected 3.2% would cement expectations for another 25 bps hike by year-end, likely keeping the NOK strong against a struggling Euro. <\/p>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 China Consumer Price Index (m\/m) at 04:30 (GMT+3) &#8211; CHA50, HK50 (HIGH)<\/li>\n<li>\u2013 China Producer Price Index (m\/m) at 04:30 (GMT+3) &#8211; CHA50, HK50 (HIGH)<\/li>\n<li>\u2013 Norway Inflation Rate (m\/m) at 09:00 (GMT+3) HIGH &#8211; NOK (MED)<\/li>\n<li>\u2013 US Existing Home Sales (m\/m) at 17:00 (GMT+3) &#8211; USD (MED)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Tuesday, May 12<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>The US Consumer Price Index (CPI) is the day\u2019s undisputed heavyweight. Market forecasts have turned hawkish, with headline inflation projected to jump to 3.7%-3.9% year-over-year. This expected spike is largely fueled by the \u00abenergy lag\u00bb \u2013 the delayed impact of the Iran war-fuel crisis, which saw oil prices peak near $110 in March and April. If the reading prints at 3.9% or higher, it will effectively kill off any remaining expectations for a Fed rate cut in 2026, likely triggering a violent rally in the US dollar (DXY) and a deep sell-off in US Treasuries. Conversely, a \u00abcool\u00bb surprise below 3.4% would suggest the energy shock was less persistent than feared, potentially sparking a massive relief rally in the S&#038;P 500.<\/p>\n<p>In Europe, the German ZEW Economic Sentiment will provide a look at the Eurozone\u2019s largest economy. Following April\u2019s plunge to a three-year low of 17.2, analysts are bracing for a further slide toward 19.1 as fears of long-term energy shortages and \u00abstagflation\u00bb weigh on investment. If the ZEW index misses significantly, it will reinforce the \u00absick man of Europe\u00bb narrative, keeping the EUR\/USD under pressure regardless of US data.<\/p>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Australia Westpac Consumer Confidence (m\/m) at 03:30 (GMT+3) &#8211; AUD (LOW)<\/li>\n<li>\u2013 Australia NAB Business Confidence (m\/m) at 04:30 (GMT+3) &#8211; AUD (MED)<\/li>\n<li>\u2013 German Inflation Rate (m\/m) at 09:00 (GMT+3) &#8211; EUR (MED)<\/li>\n<li>\u2013 Switzerland Producer Price Index (m\/m) at 09:30 (GMT+3) &#8211; CHF (LOW)<\/li>\n<li>\u2013 German ZEW Economic Sentiment (m\/m) at 12:00 (GMT+3) &#8211; EUR (MED)<\/li>\n<li>\u2013 Eurozone ZEW Economic Sentiment (m\/m) at 12:00 (GMT+3) &#8211; EUR (MED)<\/li>\n<li>\u2013 US Consumer Price Index (m\/m) at 15:30 (GMT+3) &#8211; USD (HIGH)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Wednesday, May 13<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>On Wednesday, the US Producer Price Index (PPI) will take on great importance. Following Tuesday&#8217;s CPI, the PPI will reveal how much of the energy spike is still stuck in the \u00abpipeline.\u00bb March saw a massive 15.7% monthly jump in gasoline and a 42% surge in diesel costs. Forecasts for May expect headline PPI to rise 0.5% m\/m, but any higher print would suggest that businesses are still facing extreme \u00abupstream\u00bb pressure. If core PPI (excluding food\/energy) also accelerates, it confirms that inflation is no longer just an energy story but is becoming systemic, likely cementing the USD&#8217;s dominance. Earlier, Australia\u2019s Wage Price Index (WPI) will be the primary driver for the AUD. With the RBA recently hiking rates to 4.35% to curb expectations, a WPI print above the forecasted 3.4% y\/y would signal a \u00abwage-price spiral\u00bb risk. This would put a 4.60% rate hike firmly on the table for June. Conversely, New Zealand\u2019s Inflation Expectations (forecasted to remain sticky near 2.5%-3.0%) will determine if the NZD can sustain its recent recovery or if the \u00abrecession vs. inflation\u00bb trade will drag it back down.\n<\/p><\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Australia Wage Price Index (q\/q) at 04:30 (GMT+3) &#8211; AUD (MED)<\/li>\n<li>\u2013 New Zealand Inflation Expectations (m\/m) at 06:00 (GMT+3) &#8211; NZD (MED)<\/li>\n<li>\u2013 Eurozone GDP (q\/q) at 12:00 (GMT+3) &#8211; EUR (MED)<\/li>\n<li>\u2013 Eurozone Industrial Production (m\/m) at 12:00 (GMT+3) &#8211; EUR (LOW)<\/li>\n<li>\u2013 US Producer Price Index (m\/m) at 15:30 (GMT+3) &#8211; USD (MED)<\/li>\n<li>\u2013 US Crude Oil Reserves (w\/w) at 17:30 (GMT+3) &#8211; WTI (HIGH)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Thursday, May 14<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>The UK GDP figures for March and for the first quarter will be the main event of the morning. Although February posted a solid 0.5% expansion, March data are expected to show a sharp slowdown to 0.1-0.2%. The reason lies in the surge in energy prices, which pushed the UK consumer price index (CPI) up to 3.3% in March. If monthly GDP prints flat (0.0%) or negative, it will confirm that a \u201ccost\u2011of\u2011living crisis 2.0\u201d is weighing on the economic recovery. For GBP\/USD, weak GDP and a decline in industrial production (a drop is expected after a strong February) could pressure the pound, as markets increasingly price in a more dovish stance from the Bank of England (BoE) in June. In the United States, retail sales data will show how the American consumer is holding up. After several months of resilience, April sales are expected to post a modest 0.4-0.6% increase, but much of that gain may be nominal \u2013 meaning households are spending more on gasoline and food rather than buying more goods. If the \u201ccontrol group\u201d (excluding gasoline and autos) comes in below expectations, it would signal a sharp pullback in discretionary spending. That would be a notably bearish signal for US indices.\n<\/p><\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 UK GDP (m\/m) at 09:00 (GMT+3) &#8211; GBP (MED)<\/li>\n<li>\u2013 UK Industrial Production (m\/m) at 09:00 (GMT+3) &#8211; GBP (LOW)<\/li>\n<li>\u2013 UK Trade Balance (m\/m) at 09:00 (GMT+3) &#8211; GBP (LOW)<\/li>\n<li>\u2013 US Retail Sales (m\/m) at 15:30 (GMT+3) &#8211; USD (MED)<\/li>\n<li>\u2013 US Initial Jobless Claims (w\/w) at 15:30 (GMT+3) &#8211; USD (MED)<\/li>\n<li>\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+3) &#8211; XNG (HIGH)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Friday, May 15 <\/div>\n<div class=\"ag-analytics_title-list\">Friday, May 15, marks the final pulse check for the mid-May session, highlighting \u00abupstream\u00bb inflation pressures in Asia. The Japan Producer Price Index (PPI) is a critical metric for the yen\u2019s long-term trajectory. Following a sharp acceleration to 2.6% y\/y in March, the fastest growth since late 2023, the market consensus for the April data (reported today) suggests a further climb toward 3.0%-3.1%. This is the \u00abcost-push\u00bb inflation the Bank of Japan has been watching. With transportation equipment and production machinery costs soaring due to the energy crisis, a \u00abhot\u00bb PPI print would signal that Japanese firms are increasingly likely to pass these costs onto consumers. For the JPY, this adds to the case for a June rate hike, providing a potential floor for the currency against the Greenback.\n<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul>\n<li>\u2013 Japan Producer Price Index (m\/m) at 02:50 (GMT+3) &#8211; JPY (MED)<\/li>\n<li>\u2013 US Industrial Production (m\/m) at 16:15 (GMT+3) &#8211; USD (MED)<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, 2025.05.11<\/p>\n<p><a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/es\/register\/?sl=1\">Open Account<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (May 11 \u2013 May 15) The situation in the Middle East will remain one of the key drivers for global markets, as last week\u2019s ceasefire between the United States and Iran came under threat several times. Investors will continue to monitor any signs of further escalation or, &#8230;<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[189,331,337],"tags":[],"class_list":["post-12698","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview","category-weekly-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/12698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/comments?post=12698"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/12698\/revisions"}],"predecessor-version":[{"id":12700,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/12698\/revisions\/12700"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/media?parent=12698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/categories?post=12698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/tags?post=12698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}