{"id":8201,"date":"2024-04-08T05:53:30","date_gmt":"2024-04-08T05:53:30","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=8201"},"modified":"2024-04-08T05:53:31","modified_gmt":"2024-04-08T05:53:31","slug":"weekly-overview-2024-04-08","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/de\/analytics\/weekly-overview-2024-04-08\/","title":{"rendered":"Week&#8217;s main events (April 08 \u2013 April 12)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (April 08 \u2013 April 12)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n<p class=\"ag-analytics_text\">\r\nIf no important economic events are expected at the beginning of the week, Wednesday and Thursday will be oversaturated with important news. On Wednesday, interest rate decisions are expected from the Reserve Bank of New Zealand&#160;(RBNZ) and the Bank of Canada&#160;(BoC). No changes are expected, but there could be surprises from the BoC in the form of hints of a rate cut in June. On Wednesday, the US will release consumer inflation data for March. Economists expect core inflation to slow to&#160;3.7% year-on-year from&#160;3.8% in the previous month. The strong employment data and slow inflation growth over the past few months have reinforced calls by top Fed officials, including Chairman Jerome Powell, to exercise &#8222;patience&#8220; as they decide when to cut rates.\r\n\r\n  <\/p>\r\n\r\n<p class=\"ag-analytics_text\">\r\nOn Wednesday, the US Federal Reserve will release minutes from its March meeting, in which officials pushed for three rate cuts this year. But after Friday&#8217;s strong jobs data, money markets are now pricing for two rate cuts. The European Central Bank&#160;(ECB) will meet on Thursday, where the ECB is expected to leave the rate unchanged, so the main focus will be the press conference. The US reporting season for the first quarter of&#160;024 begins at the end of this week. Major banks, including JPMorgan&#160;(JPM), Wells Fargo&#160;(NYSE: WFC), BlackRock&#160;(BLK), and Citigroup&#160;(C), will report on Friday.\r\n\r\n  <\/p>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, April&#160;08\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Monday, investors&#8216; attention will be focused on German trade balance data as well as Swiss labor market data. The Swiss unemployment rate is expected to rise from&#160;2.4% to&#160;2.6% year-on-year, while Germany&#8217;s trade surplus is expected to decline. \r\n  <\/div>\r\n  \r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Switzerland Unemployment Rate&#160;(m\/m) at&#160;08:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Industrial Production&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Trade Balance&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland SNB Chairman Thomas Jordan speaks at&#160;18:15&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  \r\n  \r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday, April&#160;09\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nTuesday will be a quiet day in terms of volatility as no important events are expected on this day.\r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 New Zealand NZIER Business Confidence&#160;(m\/m) at&#160;01:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Australia NAB Business Confidence&#160;(m\/m) at&#160;04:30&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, April&#160;10\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nWednesday will bring various statistics for many countries. The US inflation data&#160;(CPI) is the most important release for investors. Analysts expect core inflation&#160;(excluding food and energy prices) to fall from&#160;3.8 to&#160;3.6% year-on-year. However, wide inflation could rise from&#160;3.2% y\/y to&#160;3.4% y\/y. Investors should also focus on the BoC&#8217;s and RBNZ&#8217;s monetary policy meetings. The Bank of Canada is expected to leave rates unchanged but may hint at a rate cut in June. The Reserve Bank of New Zealand has no plans to cut rates until the fall, even though the country has fallen into a technical recession. Also, traders should not miss the FOMC Meeting Minutes, which significantly impact the US dollar. The minutes of the Fed meeting will be scrutinized for officials&#8216; views on the state of the financial system and their plans for monetary policy. Last week, FOMC officials unexpectedly discussed holding rates longer, reducing the likelihood of a rate cut in June.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Producer Price Index&#160;(m\/m) at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 New Zealand RBNZ Interest Rate Decision at&#160;05:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 New Zealand RBNZ Rate Statement at&#160;05:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Consumer Price Index&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Interest Rate Decision at&#160;16:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Monetary Policy Report at&#160;16:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Press Conference at&#160;17:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Crude Oil Reserves&#160;(w\/w) at&#160;17:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Meeting Minutes at&#160;21:00&#160;(GMT+3).<\/li>\r\n\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, April&#160;11\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe most important Thursday release for investors will be the US factory inflation&#160;(PPI) data, which is considered a precursor to consumer inflation. Producer inflationary pressures are expected to ease, which could pressure the US dollar. The European Central Bank&#160;(ECB) meeting will also be held on Thursday. The ECB is expected to keep rates on hold on this expectation, but markets believe there is almost a&#160;100% chance of a&#160;25 basis point rate cut in June, so President Christine Lagarde&#8217;s comments will be closely watched for a &#8222;green light&#8220;. Investors should also pay attention to China&#8217;s inflation data. This data has a strong impact on Asian indices as well as the New Zealand dollar and the Australian dollar.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 China Consumer Price Index&#160;(q\/q) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Producer Price Index&#160;(q\/q) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB Interest Rate Decision at&#160;15:15&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB Monetary Policy Statement at&#160;15:15&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Producer Price Index&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Initial Jobless Claims&#160;(w\/w) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Press Conference at&#160;15:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Natural Gas Storage&#160;(w\/w) at&#160;17:30&#160;(GMT+3).<\/li>\r\n\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, April&#160;12\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nFriday, we will see a number of data releases from the UK, and the main report will be the GDP data. The economy is expected to show no growth, and there is a high probability that the technical recession scenario will continue. Also, important releases on Friday will be German and Indian inflation data. In both countries, inflationary pressures are expected to decrease.\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 China Trade Balance&#160;(m\/m) at&#160;06:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Industrial Production&#160;(m\/m) at&#160;07:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Consumer Price Index&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK GDP&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Industrial Production&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Manufacturing Production&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Trade Balance&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Indian Inflation Rate&#160;(m\/m) at&#160;15:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Michigan Consumer Sentiment&#160;(m\/m) at&#160;17:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.04.08<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/de\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (April 08 \u2013 April 12) If no important economic events are expected at the beginning of the week, Wednesday and Thursday will be oversaturated with important news. On Wednesday, interest rate decisions are expected from the Reserve Bank of New Zealand&#160;(RBNZ) and the Bank of Canada&#160;(BoC). No &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[328,332],"tags":[],"class_list":["post-8201","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/posts\/8201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/comments?post=8201"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/posts\/8201\/revisions"}],"predecessor-version":[{"id":8207,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/posts\/8201\/revisions\/8207"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/media?parent=8201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/categories?post=8201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/tags?post=8201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}