Brace for an impactful week with the Economic Calendar highlighting key market events from May 19 to May 23, 2025. Stay ahead to capitalize on market opportunities.
Financial markets are primed for a significant week with pivotal economic releases from Brazil, Canada, the Eurozone, and the U.S., expected to shape global and regional trends.

Brazil takes center stage with critical indicators like the BCB Focus Market Readout, IBCBr Economic Activity, BCB National Monetary Council Meeting, and CFTC BRL speculative positions, set to steer Latin American market dynamics.
Globally, U.S. PMI and home sales data, Canadian retail sales, and Eurozone inflation and PMI releases are poised to drive volatility across asset classes.
The week starts on Monday with a holiday in Canada (Victoria Day), potentially lowering North American trading activity. Brazil’s BCB Focus Market Readout and IBCBr Economic Activity will lead the day, alongside Eurozone CPI data and U.S. Fed speeches.
Tuesday features Australia’s RBA interest rate decision and Canada’s CPI releases, while Eurozone current account data could influence policy outlooks.
Midweek, on Wednesday, U.K. CPI figures align with South Africa’s inflation data and U.S. crude oil inventories, shedding light on global price pressures.
Economic Calendar: Key Market Events for the Week from May 19 to May 23, 2025.
Thursday brings Brazil’s BCB National Monetary Council Meeting, Mexico’s GDP, and U.S. jobless claims, with Eurozone PMI data signaling economic momentum.
The week closes on Friday with Brazil’s CFTC BRL speculative positions, U.K. retail sales, German GDP, and U.S. new home sales, delivering final market cues.
Economic Calendar for the Week from May 19 to May 23, 2025
Monday, May 19, 2025
Brazil
07:25 AM BCB Focus Market Readout (Cons: , Prev: )
08:00 AM IBCBr Economic Activity (Mar) (Cons: , Prev: 0.40%)
Canada
All Day Holiday: Victoria Day
Japan
00:30 AM Tertiary Industry Activity Index (Mar) (Cons: , Prev: 0.90%)
Eurozone
04:00 AM Spanish Trade Balance (Cons: , Prev: 3.42B)
05:00 AM Core CPI (YoY) (Apr) (Cons: 2.7%, Prev: 2.4%)
05:00 AM Core CPI (MoM) (Apr) (Cons: 1.0%, Prev: 1.0%)
05:00 AM CPI (MoM) (Apr) (Cons: 0.6%, Prev: 0.6%)
05:00 AM CPI (YoY) (Apr) (Cons: 2.2%, Prev: 2.2%)
05:00 AM CPI ex Tobacco (YoY) (Apr) (Cons: , Prev: 2.1%)
05:00 AM HICP ex Energy & Food (YoY) (Apr) (Cons: 2.7%, Prev: 2.7%)
09:00 AM French 12Month BTF Auction (Cons: , Prev: 1.985%)
09:00 AM French 3Month BTF Auction (Cons: , Prev: 2.057%)
09:00 AM French 6Month BTF Auction (Cons: , Prev: 2.023%)
United States
08:30 AM FOMC Member Bostic Speaks
08:30 AM FOMC Member Williams Speaks
09:45 AM Fed Governor Jefferson Speaks
10:00 AM US Leading Index (MoM) (Apr) (Cons: 0.7%, Prev: 0.7%)
11:30 AM 3Month Bill Auction (Cons: , Prev: 4.300%)
11:30 AM 6Month Bill Auction (Cons: , Prev: 4.105%)
13:15 PM Fed Logan Speaks
13:30 PM FOMC Member Kashkari Speaks
China
21:00 PM PBoC Loan Prime Rate (May) (Cons: 3.50%, Prev: 3.60%)
21:15 PM PBoC Loan Prime Rate (Cons: 3.00%, Prev: 3.10%)
Tuesday, May 20, 2025
Brazil
No major events scheduled
Australia
00:30 AM RBA Interest Rate Decision (May) (Cons: 3.85%, Prev: 4.10%)
00:30 AM RBA Monetary Policy Statement
00:30 AM RBA Rate Statement
Eurozone
02:00 AM German PPI (YoY) (Apr) (Cons: , Prev: 0.2%)
02:00 AM German PPI (MoM) (Apr) (Cons: 0.3%, Prev: 0.7%)
04:00 AM Current Account (Mar) (Cons: , Prev: 34.3B)
05:00 AM Construction Output (MoM) (Mar) (Cons: , Prev: 0.48%)
06:00 AM Spanish Consumer Confidence (Apr) (Cons: , Prev: 79.6)
10:00 AM Consumer Confidence (May) (Cons: 16.0, Prev: 16.7)
Canada
08:30 AM Common CPI (YoY) (Apr) (Cons: 2.4%, Prev: 2.3%)
08:30 AM Core CPI (YoY) (Apr) (Cons: , Prev: 2.2%)
08:30 AM Core CPI (MoM) (Apr) (Cons: 0.2%, Prev: 0.1%)
08:30 AM CPI (MoM) (Apr) (Cons: 0.5%, Prev: 0.3%)
08:30 AM CPI (YoY) (Apr) (Cons: 1.6%, Prev: 2.3%)
United States
08:55 AM Redbook (YoY) (Cons: , Prev: 5.8%)
09:00 AM FOMC Member Barkin Speaks
09:30 AM Fed Collins Speaks
16:30 PM API Weekly Crude Oil Stock (Cons: , Prev: 4.287M)
17:00 PM FOMC Member Kugler Speaks
New Zealand
18:45 PM Trade Balance (MoM) (Apr) (Cons: 500M, Prev: 970M)
Wednesday, May 21, 2025
Brazil
No major events scheduled
United Kingdom
02:00 AM Core CPI (YoY) (Apr) (Cons: 3.6%, Prev: 3.4%)
02:00 AM CPI (YoY) (Apr) (Cons: 3.3%, Prev: 2.6%)
04:30 AM House Price Index (YoY) (Cons: 5.2%, Prev: 5.4%)
South Africa
04:00 AM Core CPI (YoY) (Apr) (Cons: , Prev: 3.1%)
04:00 AM CPI (YoY) (Apr) (Cons: , Prev: 2.7%)
United States
07:00 AM MBA Mortgage Applications (WoW) (Cons: , Prev: 1.1%)
10:30 AM Crude Oil Inventories (Cons: , Prev: 3.454M)
12:00 PM FOMC Member Barkin Speaks
13:00 PM 20Year Bond Auction (Cons: , Prev: 4.810%)
Eurozone
03:00 AM ECB Nonmonetary Policy Meeting
04:00 AM ECB Financial Stability Review
05:30 AM German 10Year Bund Auction (Cons: , Prev: 2.470%)
Thursday, May 22, 2025
Brazil
08:00 AM BCB National Monetary Council Meeting (Cons: , Prev: )
Mexico
08:00 AM GDP (QoQ) (Q1) (Cons: 0.2%, Prev: 0.6%)
08:00 AM GDP (YoY) (Q1) (Cons: 0.8%, Prev: 0.5%)
Eurozone
03:15 AM French Manufacturing PMI (May) (Cons: , Prev: 48.7)
03:30 AM German Manufacturing PMI (May) (Cons: 48.8, Prev: 48.4)
04:00 AM German Ifo Business Climate Index (May) (Cons: 87.5, Prev: 86.9)
04:00 AM Manufacturing PMI (May) (Cons: 49.3, Prev: 49.0)
United States
08:30 AM Initial Jobless Claims (Cons: 227K, Prev: 229K)
09:45 AM Manufacturing PMI (May) (Cons: 49.9, Prev: 50.2)
10:00 AM Existing Home Sales (Apr) (Cons: 4.15M, Prev: 4.02M)
United Kingdom
04:30 AM Composite PMI (May) (Cons: , Prev: 48.5)
Friday, May 23, 2025
Brazil
15:30 PM CFTC BRL speculative net positions (Cons: , Prev: 43.5K)
United Kingdom
02:00 AM Retail Sales (YoY) (Apr) (Cons: , Prev: 2.6%)
02:00 AM Retail Sales (MoM) (Apr) (Cons: 0.4%, Prev: 0.4%)
Eurozone
02:00 AM German GDP (QoQ) (Q1) (Cons: 0.2%, Prev: 0.2%)
02:00 AM German GDP (YoY) (Q1) (Cons: 0.2%, Prev: 0.2%)
United States
08:30 AM Building Permits (Apr) (Cons: 1.412M, Prev: 1.467M)
10:00 AM New Home Sales (Apr) (Cons: 696K, Prev: 724K)
15:30 PM CFTC Crude Oil speculative net positions (Cons: , Prev: 185.3K)
Canada
08:30 AM Core Retail Sales (MoM) (Mar) (Cons: 0.2%, Prev: 0.5%)
08:30 AM Retail Sales (MoM) (Mar) (Cons: 0.3%, Prev: 0.4%)
Brazil’s economic data, led by the BCB Focus Market Readout, IBCBr Economic Activity, and the National Monetary Council Meeting, are poised to significantly influence Latin American markets. Globally, U.S. PMI and housing data, Eurozone inflation and PMI figures, and central bank speeches are likely to fuel market volatility, shaping investor sentiment.
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