United States GDP

Next week, in addition to the ongoing uncertainty surrounding US tariff negotiations, investors will be closely monitoring how the growing rift between President Trump and Elon Musk unfolds On the economic front, it will be a relatively quiet week with attention turning to closely watch CPI and PPI reports, along with the University of Michigan’s consumer sentiment survey. China is set to release consumer and producer price data, as well as foreign trade figures. Inflation readings are also expected from Mexico, Brazil, Russia, and India. In Europe, Germany will publish wholesale price data, while the UK releases a batch of figures including labor market statistics, April GDP growth, the goods trade balance, and industrial production. In the Asia-Pacific region, focus will be on Australia’s NAB business confidence and Westpac consumer confidence surveys.