According to analysts at Deutsche Bank, it's a relatively quiet start to the week with the only data releases being the Spanish February's PPI, March's IFO survey results in Germany and from the US, the February Chicago Fed national activity index and March Dallas Fed manufacturing index.
“Away from the data, the Fed's Evans speaks early morning in Hong Kong while the BoJ's Kuroda, ECB's Costa and Coeure, and the Fed's Harker are also due to speak during the day.”
“Tuesday: In terms of data, we'll get the April GfK consumer confidence in Germany, March confidence and production outlook indicator in France along with final 4Q GDP and February finance loans for housing in the UK. In the US, there'll be the February housing starts and building permits, January FHFA house price index and S&P CoreLogic HPI data, and March Richmond Fed manufacturing index and Conference Board confidence indicators. Regarding central banks, the Fed's Rosengren and Evans are both due to speak in the morning in Hong Kong while the BOE's Broadbent and Fed's Harker and Daly are also due to speak during the day.”
“Wednesday: It’s a busy day for ECB speakers with President Draghi, Vice-President Guindos and governing council members Nowotny, Praet, Lautenschlaeger, Mersch and Villeroy all due to speak during the day at different events in Frankfurt, Vienna and Geneva. Looking at the data releases, we'll have China's February industrial profits, France's February PPI and March consumer confidence, the UK's March CBI retailing sales data, along with the latest weekly mortgage applications, January trade balance and 4Q current account balance all in the US. In central bank speakers, the Fed's George will speak to Money Marketeers of New York.”
“Thursday: Trade talks between the US and China will recommence with Trade Representative Lighthizer and Treasury Secretary Mnuchin visiting China. Datawise, we will get preliminary March CPI for Germany and Spain, March confidence indicators for the Euro-area and final 4Q GDP print in the US along with latest weekly initial jobless and continuing claims, February pending home sales and March’s Kansas City Fed manufacturing activity index. Late in the evening we will get Japan's unemployment rate, February industrial production and retail sales data. It's again a busy day for central bank speaks with ECB's Guindos and Villeroy, and Fed's Clarida, Quarles, Williams and Bullard all due to speak.”
“Friday: It's a busy end to the week with a host of data releases lined up. The key highlight of the day is likely to be the preliminary March CPI releases in France, Italy and the Euro-area along with the release of January Core PCE data in the US and final 4Q GDP in the UK and Spain. Besides, we will also be getting France's February YTD budget balance and Feb consumer spending data, Germany's March employment report, Italy's February PPI and the UK's February consumer credit, money supply and mortgage approvals data. In the US, we will get the February personal income, personal spending and new home sales data along with March Chicago purchasing manager index and final March University of Michigan survey results. We will also get China's February current account balance sometime during the day. Aside from the data, ECB's Coeure and Fed's Quarles are also due to speak, while trade talks between the US and China will continue.”
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