Market Outlook for the Week of 20 - 24 May ...Middle East

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The week begins on a light note with a holiday in Europe due to the observance of Whit Monday, and in Canada, it's Victoria Day. In the U.S., some FOMC members are expected to deliver their remarks on Monday and Tuesday. Also on Tuesday, Australia will release the Westpac consumer sentiment and the monetary policy meeting minutes. Later in the day, Canada will publish its inflation data. Wednesday's most important event will be the RBNZ monetary policy announcement, along with the CPI data for the U.K. In the U.S., we'll see the release of existing home sales data and the FOMC meeting minutes. Thursday brings the flash manufacturing PMIs and flash services PMIs for Australia, Japan, the e

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