Events to Look Out for Next Week
- Import and Export prices Index (USD, GMT 12:30) – Import and export prices are expected to both rise 0.6% in April, after March gains of 2.6% for imports and 4.5% for exports. Ex-petroleum import prices are expected to rise 1.2%, while ex-agriculture export prices grow 0.4%. Oil prices are easing in April after a March surge driven by the war in Ukraine. Dollar gains since May of 2021 have capped price increases into 2022, following a downtrend in the value of the Dollar through 2020 and early 2021.
- Michigan Index (USD, GMT 14:00) – The preliminary Michigan sentiment report is expected to reveal headline drop to 63.8 from 65.2 in May, leaving the measure at 11-year low.
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