MARKET UPDATE 23 – MAY – 17

In our economic calendar for this week.
Tonight, Great Britain will release their inflation report hearings.
On Wednesday, New Zealand will release their trade balance figure for the year-on-year to April. It is currently at a deficit of NZ$3.67 billion.
On Thursday, the U.S. Federal Open Market Committee will release its minutes. Investors will be focussing on this as they will look forward to any indications about how certain the Federal Reserve was, that the first quarter weakness was temporary and any discussions of fiscal policy.
Meanwhile, oil hits its highest level in more than a month ahead of OPEC meeting to be also held on Thursday.
On Saturday, the U.S. will release their GDP Annualized for the first quarter, it was previously reported at 0.7%.
It will also release their durable goods figures for the month of April which was previously reported at 1.7%.

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