In the week ahead, investors will be awaiting the outcomes of policy meetings by the Federal Reserve and the ECB, as well as Friday’s closely watched report on US nonfarm payrolls.
Monday, April 29
Markets in China and Japan are to remain closed for national holidays. Germany is to release preliminary data on consumer price inflation, which accounts for the majority of overall inflation. The US is to produce official data on personal income and expenditure, as well as private sector data on pending home sales, a leading economic indicator.
Tuesday, April 30
Japan is to release official data on household spending, retail sales and preliminary data on industrial production. Markets in China are to remain closed for a national holiday. New Zealand is to release data on business confidence, a leading indicator of economic health, while Australia is to produce official data on private sector credit. The euro zone is to release preliminary data on consumer inflation as well as official data on the unemployment rate. The Gfk Institute is to publish a report on German consumer climate, Spain is to release preliminary data on first quarter economic growth and Germany is to produce government data on the change in the number of people unemployed. The UK is to publish official data on net lending to individuals and mortgage approvals. Canada is to release official data on GDP, the broadest indicator of economic activity and the leading measure of the economy’s health. Later Tuesday, the US is to release data on consumer confidence, a report on manufacturing activity in Chicago and private sector data on house price inflation.
Wednesday, May 1
Markets in China are to remain closed for a national holiday. Meanwhile, Beijing is to release official data on manufacturing activity, a leading economic indicator. Japan is to produce official data on average cash earnings. In Europe, markets in Switzerland, Germany, France and Italy are to remain closed for the Labor Day holiday. The UK is to release data on manufacturing activity, a leading indicator of economic strength. The US is to release the ADP nonfarm payrolls report on private sector job creation as well as government data on crude oil stockpiles. In addition, the Institute of Supply Management is release data on US manufacturing activity, a leading economic indicator. Later, the Federal Reserve is to announce its benchmark interest rate.
Thursday, May 2
The Bank of Japan is to publish the minutes of its most recent policy setting meeting, which provide investors with important insights into economic conditions from the bank’s point of view. Australia is to release official data on building approvals and import prices, which contribute to inflation. Switzerland is to publish its SVME PMI, a leading economic indicator. The UK is to release data on construction sector activity, a leading indicator of economic health. In the euro zone, Spain and Italy are to release data on manufacturing activity, while France is to hold an auction of 10-year government bonds. Meanwhile, the ECB is to announce its benchmark interest rate; the announcement is to be followed by a post-policy meeting press conference with President Mario Draghi. Canada is to publish government data on the trade balance, the difference in value between imports and exports. The US is to publish the weekly government report on initial jobless claims as well as official data on the trade balance.
Friday, May 3
Markets in Japan are to remain closed for a national holiday. Australia is to release official data on producer price inflation, a leading indicator of consumer inflation. The UK is to release data on service sector activity, a leading economic indicator. The European Union is to release its economic forecasts for European Union countries. The US is to round up the week with government data on nonfarm payrolls and the unemployment rate as well as data on average hourly earnings and factory orders. In addition, the ISM is release data on US service sector activity, a leading economic indicator.
EasyForexNews Research Team