Upcoming economic events 13 May 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Building Approvals (MoM) (Mar)	-8.8%	-0.3%
01:30		2 points	NAB Business Confidence (Apr)	———-	-3
09:00		2 points	ZEW Economic Sentiment (May)	-4.4	-18.5
12:30		3 points	Core CPI (MoM) (Apr)	0.3%	0.1%
12:30		2 points	Core CPI (YoY) (Apr)	———-	2.8%
12:30		3 points	CPI (MoM) (Apr)	0.3%	-0.1%
12:30		3 points	CPI (YoY) (Apr)	2.4%	2.4%
20:30		2 points	API Weekly Crude Oil Stock	———-	-4.490M
22:45		2 points	Electronic Card Retail Sales (MoM) (Apr)	———-	-0.8%

Summary of Upcoming Economic Events on May 13, 2025

Australia (🇦🇺)

1. Building Approvals (MoM) (Mar) (01:30 UTC)
   • Forecast: –8.8% | Previous: –0.3%
   • Market Impact:
     • A sharp drop in approvals points to a weakening housing sector, potentially weighing on AUD and domestic construction stocks.
2. NAB Business Confidence (Apr) (01:30 UTC)
   • Previous: –3
   • Market Impact:
     • Measures corporate sentiment: a further decline would signal soft demand, pressuring the AUD and equity sentiment.

Eurozone (🇪🇺)

3. ZEW Economic Sentiment (May) (09:00 UTC)
   • Forecast: –4.4 | Previous: –18.5
   • Market Impact:
     • Improved sentiment—though still negative—could lend support to the EUR, as investors see less pessimism about the euro-area outlook.

United States (🇺🇸)

4. Core CPI (MoM) (Apr) (12:30 UTC)
   • Forecast: 0.3% | Previous: 0.1%
   • Market Impact:
     • A hotter-than-expected print may boost rate-hike expectations, strengthening the USD and pressuring bond yields.
5. Core CPI (YoY) (Apr) (12:30 UTC)
   • Previous: 2.8%
   • Market Impact:
     • Sticky core inflation near the Fed’s 2% goal could influence Fed policy outlook and dollar positioning.
6. CPI (MoM) & (YoY) (Apr) (12:30 UTC)
   • MoM Forecast: 0.3% | Previous: –0.1%
   • YoY: 2.4% | Previous: 2.4%
   • Market Impact:
     • Broad CPI rising as expected supports a firm Fed stance, likely buoying the USD and bond yields.
7. API Weekly Crude Oil Stock (20:30 UTC)
   • Previous: –4.49 M barrels
   • Market Impact:
     • A surprise build/smaller draw in inventories can pressure oil prices, impacting energy stocks and CAD/AUD crosses.

New Zealand (🇳🇿)

8. Electronic Card Retail Sales (MoM) (Apr) (22:45 UTC)
   • Previous: –0.8%
   • Market Impact:
     • Retail sales gauge household spending; a continued slump could weigh on the NZD and rate-cut expectations.

Market Impact Analysis

• AUD & NZD: Sensitive to domestic data (housing approvals, business/confidence, retail sales).
• EUR: May find support if sentiment metrics continue to recover.
• USD: Key focus on CPI; stronger inflation prints reinforce a hawkish Fed and underpin the dollar.
• Oil Prices: API report can trigger short-term volatility in crude and related currencies (CAD, AUD).

Overall Impact Score: 6/10

Key Focus: U.S. inflation data and global risk sentiment shifts from sentiment surveys and inventory reports.