Summary of the most interesting economic events from the trading week of 22 - 28 May 2023

Welcome to Monday's regular recap of the fundamentals that brought volatility in the past trading week.

The biggest surprises came from the Reserve Bank of New Zealand and the United Kingdom.

Read on to keep up to date!


According to the preliminary estimate, the HCOB Composite PMI fell to a three-month low in May 2023.


On Wednesday, we focused on the incoming inflation data from the UK, which was surprising.


Tuesday's US PMI data came in above market estimates.


The main event of last week was the meeting of the Reserve Bank of New Zealand, which brought volatility to the market with its rhetoric, and in response the New Zealand dollar began to weaken.

What's in store for us in the current week?

The start of the week is likely to be weak in the UK and the US through the holidays.


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