Europe: Next week, Germany ranks first in the number of economic events. At 08:00 GMT, indices of business expectations and business activity for April will be published, while analysts forecast 106.0 and 112.3 points, respectively. In the UK at 10:00 GMT the CBI industrial orders index for April will be published. USA: No significant reports are scheduled for Monday. Traders’ attention will be focused on the speech of Fed President Minneapolis Neil Kashkari, scheduled for 15:30 GMT.
United States: The S & P and Case-Shiller housing price index, which can be used to estimate fluctuations in selling prices of family houses in 20 different urban areas, will be published at 13:00 GMT. This indicator can be very useful for estimating inflation in the real estate market. At 14:00 GMT the Conference Board will release its consumer confidence index for April. In parallel, investors will expect a report on the level of sales of new homes in the US in March. After 20:00 GMT The American Petroleum Institute will present its weekly report on crude oil reserves.
USA: This day is not expected to publish a large number of economic reports, so traders will fully focus on commodities. Investors’ attention will be focused on the publication of weekly statistics on oil and petroleum products from the Energy Information Administration, which is scheduled for release at 14:30 GMT. According to the latest report from the Department of Energy, oil reserves fell by 1.034 million barrels for the week ending April 12. Investors will pay close attention to the change in petrol stocks, which, in view of the start of the new summer driving season, should begin to decline.
Asia: Investors will have to wake up early (or better not go to bed at all) to choose a trading strategy based on a decision on interest rates and a report on measures to regulate monetary policy from the Bank of Japan. According to expectations, the Bank of Japan will leave short-term control rates at the level of -10%. At 06:30 GMT, the authorities responsible for the implementation of monetary policy will hold a press conference. By the end of the day, Japan will again be in the spotlight in connection with the publication of fresh economic reports, including a report on household spending (February: -0.8%), the ratio of jobs and applications for unemployment benefits (February: 1.43), consumer index prices (February: 0.3%), industrial production index (February: -0.8%) and retail sales (February: 1.5%). Europe: The European Central Bank will also hold a monetary policy meeting on the same day, although no changes are expected with regard to the current policy parameters and bond purchase program. The ECB will announce the decision at a rate of 11:45 GMT, and at 12:30 pm GMT will begin a press conference. Currently, the deposit rate is -0.40% with a short-term interest rate of 0.00%. In addition, Germany will publish the consumer price index for April, which, according to economists’ forecast, should decrease by 0.1%.
US: Investors will closely monitor the report on orders for durable goods and the trade balance for March, which will be released at 12:30 GMT. Also at 14:00 GMT, an index of pending home sales is expected.
Europe: At 06:00 GMT, retail sales in Germany in March will be presented to the public, experts expect a decline of 0.3%. In the UK, at 08:30 GMT, preliminary data on the gross domestic product for the first quarter are released, analysts predict a quarterly increase of 0.4% and an increase of 2.2% year on year. The consumer price index for April in the Eurozone will be released at 12:30 GMT, traders expect it to be 1.7%. USA: The week will end with the publication of GDP for the first quarter and labor cost index at 12:30 GMT. At 14:00 GMT it is planned to publish the index of consumer expectations in the US from the University of Michigan in April. As usual, Baker Hughes will present his report at 17:00 GMT.
Review prepared by Fort Financial Services analytical department. Follow our publications!