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Deutsche Bank AG

May 22, 2026

Next Week This Week

Weekly UpdateMacro Economic IndicatorsEquitiesFXInformation TechnologyConsumer Staples

A preview of the week starting May 25, 2026, highlighting major inflation data releases in the US, Europe, and Japan, alongside key corporate earnings from the tech and retail sectors.

Key Takeaways

  • 1.Inflation is the primary global focus for the coming week, with key data releases due in the US (PCE), Europe, and Japan (Tokyo CPI).
  • 2.The US PCE report on Thursday is the week's critical data point, with core PCE expected to remain unchanged at +0.3% MoM.
  • 3.The ECB will release its April meeting account and Financial Stability Review, while the RBNZ is expected to hold rates steady.

Table of Contents

  • Next week...this week
  • Day-by-day calendar of events
  • Key DB macro publications from the past week
  • Appendix 1
  • Analyst Certification
  • Important Disclosures
  • Additional Information

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Authors

Galina PozdnyakovaJim ReidLuke Templeman, CPA

Securities

DELLCRMCOSTDLTR

Themes

Inflation Persistence in Developed MarketsCentral Bank Policy Divergence and StabilityRising Rate Hike Risks

Regions

North AmericaEuropeAsia PacificUnited StatesGermanyJapan