The most important events from the economy, stock market and business cycle.
MONDAY, May 23, 2022
07:00 DE/Voltabox AG, Result 1Q, Delbrück
*** 10:00 DE/Ifo Business Climate Index May
10:30 DE/Central Real Estate Committee (ZIA), Main Association of the German Construction Industry (HDB), Real Estate Association Germany (IVD) and Association of Real Estate Managers Germany (VDIV), presentation of the housing construction barometer of the construction and real estate associations, Berlin
11:30 DE/Government PK, Berlin
12:00 DE/Bundesbank, Monthly Report May
12:00 EU/ECB, Financial Stability Report, essay on “Climate-related risks to financial stability”
*** 2:30 p.m. US/Chicago Fed National Activity Index (CFNAI) April
*** 15:00 EU/Eurogroup meeting, Brussels
*** 15:00 BE/May Business Climate Index
*** 4:15 p.m. EU/ECB Council Member Nagel, participation in panel at SUERF Colloquium and OeNB Economic Conference on “Monetary policy, policy interaction and inflation in a post-pandemic world with severe geopolitical tensions”
18:00 US/Fed, Atlanta Fed President Bostic (2022 FOMC non-voter) speech at the Rotary Club of Atlanta
22:05 US/Zoom Video Communications Inc, Results 1Q, San Jose
– NE/Chancellor Scholz, meeting with the President of the Republic of Niger, Mahamed Bazoum, and visit to the Bundeswehr, Niamey
TUESDAY, May 24, 2022
*** 06:55 DE/TAG Immobilien AG, Results 1Q, Hamburg
07:05 DE/About You Holding SE, detailed annual results, Hamburg
*** 07:30 DE/CTS Eventim AG & Co KGaA, Results 1Q, Munich
*** 08:45 FR/May Business Confidence Index
*** 09:00 DE/Siemens Energy AG, Capital Markets Day, Berlin
*** 09:15 FR/PMI/PMI manufacturing & non-manufacturing (1st release) May
*** 09:30 DE/PMI/PMI manufacturing and non-manufacturing (1st release) May
*** 10:00 EU/PMI/Eurozone Manufacturing & Non-Manufacturing PMI (1st release) May
*** 10:00 DE/Association of the Chemical Industry, economic report 1Q
10:00 DE/Fraport AG, online AGM
10:00 DE/Hugo Boss AG, online AGM
10:00 DE/Baywa AG, online AGM
10:00 DE/Knorr- Bremse AG, online AGM
*** 10:30 EU/Finance and Economy Ministers Council meeting, Brussels
*** 10:30 UK/PMI/PMI manufacturing & non-manufacturing (1st release) May
11:00 DE/Koenig & Bauer AG, online AGM
*** 11:30 EU/ECB, main refi tender allotment
12:00 EU/ECB, Financial Stability Report, essay on “Decrypting financial stability risks in crypto-asset markets”
12:00 DE/Leoni AG, online AGM
*** 2:00 p.m. DE/Heidelbergcement AG, Capital Markets Day with strategy update, Heidelberg
*** 15:00 EU/ECB, Weekly change in holdings of Eurosystem central banks in government bonds, covered bonds, corporate bonds and ABS
*** 15:45 US/PMI/Manufacturing and Services PMI (1st release) May
*** 16:00 US/April New Home Sales
16:00 US/ISM, Semi-Annual Economic Outlook
22:30 US/Crude Inventory Data (Week) from the private American Petroleum Institute (API)
– ZA/Chancellor Scholz, meeting with the President of the Republic of South Africa, Ramaphosa, and participation in the anniversary celebrations of the DIHK for southern Africa, Johannesburg
WEDNESDAY, May 25, 2022
*** 07:00 LU/Aroundtown SA, Result 1Q, Luxembourg
07:30 DE/Douglas GmbH, Result 2Q, Dusseldorf
*** 08:00 DE/BIP (2nd release) 1Q
*** 08:00 DE/GfK consumer climate indicator June
08:00 DE/Incoming orders for the main construction trades in March
*** 08:00 EU/Acea, new commercial vehicle registrations April
08:00 GB/Marks & Spencer plc, Annual Results, London
*** 08:45 Fri/Consumer Confidence May
*** 09:00 DE/ECB Director Panetta, Speech on normalizing monetary policy, Frankfurt
*** 10:00 EU/ECB May release Financial Stability Report
10:00 DE/Lanxess AG, online AGM
10:00 DE/Evonik Industries AG, online AGM
10:00 DE/Wüstenrot & Württembergische AG (W&W AG), online AGM
10:00 DE/Knaus Tabbert Group, online AGM
10:00 DE/Hapag-Lloyd AG, online AGM
10:00 DE/Sixt SE, online AGM
10:00 DE/Aixtron SE, online AGM
10:00 DE/Secunet Security Networks AG, online AGM
10:30 DE/DZ Bank, AGM, Frankfurt
*** 10:50 EU/ECB, Allotment of 5-day dollar tender
11:00 DE/Cabinet meeting, Berlin
11:00 DE/Grenke AG, online AGM
11:00 DE/Leifheit AG, online AGM
11:30 DE/Auction result increase of 15-year federal bond over 2 billion euros
*** 11:30 a.m. EU/ECB, allotment of 3-month long-term refi tender
*** 12:00 ES/ECB chief economist Lane, keynote at the anniversary event of the German Bernacer Prize, Madrid
13:00 DE/Government PK, Berlin
*** 2:30 US/April Durable Goods Orders
*** 16:30 US/Crude Inventory Data (Week) from the State Energy Information Administration (EIA)
*** 20:00 US/Fed, Minutes of FOMC meeting 3-4. May
*** 22:20 US/Nvidia Corp, Result 1Q, Santa Clara
– DE/G7, meeting of energy, climate protection and environment ministers (until May 27), Berlin
– CH/World Economic Forum (WEF), continuation of the annual meeting (until May 26); 10:00 a.m. Participation of ECB President Lagarde in dialogue on “European Unity in a Disordered World?”, Davos
– Shortened exchange trading Sweden
THURSDAY, May 26, 2022
*** 12:45 US/Medtronic plc, Results 4Q, Minneapolis
13:10 CN/Alibaba Group Holding Ltd, Results 4Q, Hangzhou
*** 14:30 US/BIP (2nd release) 1Q
*** 14:30 US/Initial Jobless Claims (Week)
– CH/World Economic Forum (WEF), end of annual meeting;
11:00 a.m. Speech by Federal Chancellor Scholz, Davos
– Stock exchange holidays in Switzerland, Denmark, Norway, Sweden and Finland
FRIDAY, May 27, 2022
*** 10:00 EU/ECB, M3 money supply and April lending
*** 14:30 US/Personal Expenses and Income April
*** 16:00 US/Index Uni Michigan Consumer Sentiment May (2nd survey)
– DE/G7, conclusion of meeting of energy, climate protection and environment ministers; 1:00 p.m. PK by Federal Climate Minister Habeck and Federal Environment Minister Lemke, Berlin
– EU/rating reviews for Switzerland (Moody’s), Turkey (Moody’s), Bulgaria (S&P), Italy (Fitch), Liechtenstein (S&P), Russia (S&P and Fitch), Sweden (Fitch)
– Shortened exchange trading US bond market (until 20:00 CEST)
– Stock exchange holiday in Denmark