Weekly High Impact News Preview
This week's financial calendar is packed with crucial economic indicators that could sway markets worldwide. Here's what to keep an eye on:
Early Week Insights: Monday sees a plethora of PMI data being released across Europe. Starting at 08:30 CET, the Eurozone's preliminary Composite, Manufacturing, and Services PMIs for March will provide the first indicators of the region's economic health this month. These will be closely followed by similar readings at 09:00 CET. In the UK, the spotlight will be on the preliminary S&P Global/CIPS PMIs for Composite, Manufacturing, and Services at 09:30 GMT, offering fresh insights into post-Brexit economic conditions.
In the afternoon, the US will release its preliminary Manufacturing and Services PMI figures at 13:45 EST, which are essential for gauging the pace of economic recovery in the world's largest economy.
Mid-Week Data Releases: On Wednesday, attention turns to Australia with the release of the Monthly Consumer Price Index at 00:30 AEDT, an important gauge of inflation trends down under. The UK follows with its February CPI figures at 07:00 GMT, which will be pivotal for the Bank of England’s monetary policy direction.
Closing the Week: Thursday and Friday are heavy with significant data releases. The US Q4 GDP Annualized figures are due on Thursday at 12:30 EST, which could impact market sentiments about the overall health of the American economy. Japan will update its inflation figures with the Tokyo Consumer Price Index at 23:30 JST, providing clues on how consumer prices are trending in one of Asia's key economies.
The week concludes on Friday with the UK revealing its Q4 GDP and February retail sales figures at 07:00 GMT, offering a comprehensive look at the economic trajectory. In the US, Core Personal Consumption Expenditures for February will be released at 12:30 EST, providing the Federal Reserve’s preferred inflation measure.
Notable Speeches: A speech by the Bank of England's Governor Bailey on Monday at 18:00 GMT could also provide vital insights into the future of UK monetary policy.
As these events unfold, traders should prepare for potential volatility and align their strategies accordingly. Stay updated and manage risks as we navigate another eventful week in the markets.