Important upcoming events and publications

Important upcoming events and publications for May 8 (GMT):

11:30 ECB President Mario Draghi speech. Risks for EUR: moderate. The speech will be for the youth audience, so it is unlikely that there will be announcements of major changes in monetary policy. Caution in economic assessments can cause pressure on the euro.

14:30 U.S. Weekly Crude Oil Inventories. Risks for Brent, WTI: Moderate. Recent weeks have seen an increase in inventories, which hinders the growth of oil prices. Further stock growth can put pressure on oil to revive fears of oversupply.

Detailed economic calendar