Week’s main events (April 22 – April 26)
This week’s main events will be the Bank of Japan meeting and the PCE index data, which is considered a more critical inflation indicator for the US Fed. Economists forecast PCE inflation to remain elevated in March. Recent data indicating that progress in the fight against inflation has stalled, along with solid labor market data, geopolitical tensions in the Middle East that have driven up oil prices, and comments from Fed officials, have caused investors to abandon expectations about the timing of rate cuts. As for the Bank of Japan, analysts do not expect any changes at this meeting. But there may be surprises.
Also this week, the US will release quarterly GDP data and Australia’s March inflation report. Growth is expected to slow in the US, while inflation may surprise the RBA with an increase in Australia. And remember the earnings season. Major technology companies such as Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Tesla (TSLA) and META are expected to report earnings this week.
- – China PBoC Loan Prime Rate (m/m) at 04:15 (GMT+3);
- – Eurozone ECB President Lagarde Speaks at 18:30 (GMT+3).
- – Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
- – Australia Services PMI (m/m) at 02:00 (GMT+3);
- – Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
- – Japan Services PMI (m/m) at 03:30 (GMT+3);
- – Singapore Consumer Price Index (m/m) at 08:00 (GMT+3);
- – German Manufacturing PMI (m/m) at 10:30 (GMT+3);
- – German Services PMI (m/m) at 10:30 (GMT+3);
- – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
- – Eurozone Services PMI (m/m) at 11:00 (GMT+3);
- – UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
- – UK Services PMI (m/m) at 11:30 (GMT+3);
- – US Building Permits (m/m) at 15:00 (GMT+3);
- – US Manufacturing PMI (m/m) at 16:45 (GMT+3);
- – US Services PMI (m/m) at 16:45 (GMT+3);
- – US New Home Sales (m/m) at 17:00 (GMT+3).
- – New Zealand Trade Balance (q/q) at 01:45 (GMT+3);
- – Australia Consumer Price Index (q/q) at 04:30 (GMT+3);
- – German Ifo Business Climate (m/m) at 11:00 (GMT+3);
- – US Durable Goods Orders (m/m) at 15:30 (GMT+3);
- – Canada Retail Sales (m/m) at 15:30 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
- – Eurozone GfK German Consumer Climate (w/w) at 15:30 (GMT+3);
- – US GDP (q/q) at 15:30 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US Pending Home Sales (m/m) at 17:00 (GMT+3);
- – Natural Gas Storage (w/w) at 17:30 (GMT+3).
- – Japan Tokyo Core CPI (m/m) at 02:30 (GMT+3);
- – Australia Producer Price Index (q/q) at 04:30 (GMT+3);
- – Japan BoJ Monetary Policy Statement at 06:00 (GMT+3);
- – Japan BoJ Interest Rate Decision at 06:00 (GMT+3);
- – Japan BoJ Outlook Report at 06:00 (GMT+3);
- – Japan BoJ Press Conference at 09:30 (GMT+3);
- – Switzerland SNB Chairman Thomas Jordan speaks at 11:00 (GMT+3);
- – US PCE Price Index (m/m) at 15:30 (GMT+3);
- – US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3).
by 2024.04.22
, Open Account