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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD holds above 0.6500 in thin trading
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
EUR/USD comfortable below 1.0800 lower lows at sight
The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.
Gold price finishes Thursday’s session set to reach new all-time highs
Gold price rallied during the North American session on Thursday and hit a new all-time high of $2,225 in the mid-North American session. Precious metal prices are trending higher even though US Treasury yields are advancing, underpinning the Greenback.
Bitcoin price extends retreat from $69K as old whales shift their holdings to new whales
Bitcoin price continues to move further away from the $69,000 threshold, gaining ground as BTC bulls hope for a retest of the $73,777 peak. This is because of the general assumption that clearing this blockade would set the tone for a reach higher, marking a new all-time high.
Bears have been standing before a steamroller so far this year
Despite a pushback on rate cuts from Christopher Waller, and what was supposed to be cautious trading sentiment ahead of critical US inflation data released later on Friday, the S&P 500 rose on Thursday, marking its best first-quarter performance in five years.