Weekly Market Outlook
The economic calendar for this week includes some key economic figures and events featuring leading countries. We start on Tuesday, with the EU GDP for the first quarter and Germany’s trade balance for April. Later in the day, markets will brace for the OPEC+ meeting, which will determine where the price of oil is heading from here. The Federal Reserve’s meeting on Wednesday is not likely to bring any interest rate changes. What is more important for markets in this context is whether policy makers will show determination to act in order to change the current flatness of the yield curve. We are closing the week on Friday, with the UK reporting some key figures for its economy.