Markets: What to look out for this week? – Deutsche Bank
|Analysts at Deutsche Bank suggest that the big release to kick the week off comes in the US with the March retail sales report, while other data due in the US includes the April empire manufacturing print, February business inventories and April NAHB housing market index reading.
Key Quotes
“There is no data due out in Europe or Asia. Away from the data the Fed's Bostic is due to speak in the evening. EU foreign ministers are also due to meet to discuss the situation in Syria. Bank of America and Netflix are the earnings highlights.”
“Tuesday: Overnight, all eyes will be on China where we are due to receive the Q1 GDP print as well as March retail sales, industrial production and fixed asset investment data. In Japan we'll also get February industrial production. In Europe the most significant releases are UK employment stats for February and March, and Germany's April ZEW survey. In the afternoon in the US we'll get March housing starts and building permits as well as March industrial and manufacturing production. Tuesday is a busy day for Fedspeak with Williams, Quarles, Harker, Evans and Bostic all slated to speak. Meanwhile, President Trump is due to welcome Japan PM Abe while the IMF and World Bank Annual Spring Meetings will commence, concluding April 22nd. Goldman Sachs in the earnings highlight along with IBM and Johnson & Johnson.”
“Wednesday: Another busy day for data. Overnight we'll get March trade data in Japan and March new home prices data in China. In Europe the main highlights are the March CPI reports for the UK and Euro area. In the US there is no data due out however we will get the Fed's Beige Book, while the Fed's Dudley and Quarles are scheduled to speak. The BoE's Brazier is also due to speak to lawmakers in London. Morgan Stanley will report earnings.”
“Thursday: With nothing of note in Asia, the most notable data due in Europe is the February current account balance reading for the Euro area and March retail sales data for the UK. In the US we'll get the latest weekly initial jobless claims reading, March leading index and April Philly Fed business outlook print. The Fed's Brainard, Quarles and Mester are both due to speak. Worth noting also is talks between Germany's Merkel and France's Macron with EU reforms and trade conflicts with the US expected to be high on the agenda.”
“Friday: A fairly quiet end to the week with March CPI due in Japan, March PPI due in Germany and April consumer confidence for the Euro area. The Fed's Evans is also due to speak again. Procter & Gamble and General Electric are due to report earnings.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.