USA: Week Ahead - May 25th.

Headlines regarding the war in the Middle East and progress in restoring energy exports from the region will continue to set the pace for global markets. Strong earnings for the world's largest companies clashed with the inflationary impact of the war, having both stock markets and sovereign yields reach their local peaks recently. Inflation and its impact on household earnings and spending will tested in the US with the income and outlays report, which features the PCE inflation gauge. Inflation will also be the focus in the Eurozone's largest economies and Australia. A busy week in Japan will see industrial production, retail sales, consumer confidence, and the unemployment rate. Meanwhile, the RBNZ and BoK will set interest rates, while Canada and Brazil will post their GDP.