A Look Ahead into the Week
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- Lightweight calendar to run the narrative ahead into the week
- Investors will be monitoring the latest US CPI and retail sales data
The week, starting Monday, April 12, promises a relatively light amount of economic data, but exciting and impactful. Since Monday has nothing significant to offer, the markets will operate normally without any major events of particular interest for investors.
On Tuesday, the UK will report its GDP figures on a monthly and yearly basis. The UK’s GDP data, set for 02:00 am EST, will reveal whether the UK economy has entered into growth or the trend remains negative. The previous GDP data on a monthly basis arrived negative at -2.9%, while the annual GDP rate landed even lower, at -7.3%. At the same time when the GDP data is due, the UK will report its February manufacturing production figures.
Later, at 05:00 am EST, Germany will release its April German ZEW economic sentiment, aimed to gauge the six-month economic outlook for the largest economy in Europe. At 08:30 am EST, the US will report March core CPI data. The index measures price changes of goods and services and is used as one of the main tools to track inflation.
Key Data from Australia to Europe
At 10:00 pm EST, on Tuesday, the Reserve Bank of New Zealand will present its interest rate decision. The rate is expected to remain unchanged at 0.25%.
On Wednesday, Australia will announce how many new jobs were created for March. The employment change report is set for 09:30 pm EST. In February, the Australian economy added 88,700 new jobs to the labor market.
Thursday brings the US core retail sales report and retail sales report for March. Set for 08:30 am EST, the data will reveal how the economic activity fared in March in terms of the change of the total value of sales at the retail level. The retail sales report is the foremost indicator of consumer spending.
And Friday is reserved for the eurozone’s CPI data on an annual basis. The report is set to arrive at 05:00 am EST. Later, at 08:30 am EST, the US releases the building permits report for March.
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