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April 1-5 market watch: Key economic data and central bank moves


economic calendar for upcoming week, forex trading

(London time)


Monday, April 1st


On Easter Monday, the European stock markets will remain closed due to the holiday. This includes major stock exchanges across the continent. However, in contrast, trading on Wall Street in the United States will continue as usual, following its standard trading schedule.

The time change to daylight saving time in Europe means that the trading sessions will start at 2:30 PM London time.


This day is also notable for the release of significant economic data: the Purchasing Managers' Index (PMI) for the manufacturing sector. The data for March will be available for several key economies, including the USA, Canada, China, and Japan. These PMI figures are closely watched by investors and economists as they provide valuable insights into the manufacturing sector's health and overall economic activity in these countries.


Tuesday, April 2nd


Following the Easter holiday, on Tuesday, the global financial markets will be back to full operation. The day is packed with the release of various industrial Purchasing Managers' Index (PMI) reports, which are critical indicators of the economic health of the manufacturing sector.


These reports will include data from France, to be released at 8:50 AM; Germany, with its data coming out at 8:55 AM; the broader Eurozone at 9:00 AM; and the United Kingdom at 9:30 AM.

Moreover, there will be a keen interest in the preliminary readings of the March inflation data from Germany, scheduled for 1:00 PM, and the Swiss retail sales data. These inflation figures are crucial for understanding the economic environment in these countries and can influence monetary policy decisions.



Central bank policy followers will have an interesting day as well. The interest rate decision in Chile will be under scrutiny, providing insights into the country's monetary policy direction. Furthermore, the minutes from the March meeting of the Czech National Bank will be available, offering a deeper understanding of the central bank's thought process and future policy directions.


In the USA, several key data releases are scheduled. The Job Openings and Labor Turnover Survey (JOLTS) results will shed light on the labor market's dynamics, including job openings, hires, and separations. Additionally, data on orders in the American industrial sector will be released, providing an indication of the industry's health.


Also, the American Petroleum Institute (API) will release its traditional weekly report on fuel stocks, which is closely monitored by investors and analysts for insights into the energy market.


Wednesday, April 3rd


A considerable amount of macroeconomic data is due to be released from the USA on Wednesday. This includes the final service sector Purchasing Managers' Index (PMI), which is an important indicator of the health of the service sector, the largest sector of the US economy.



The Automatic Data Processing (ADP) employment report, another critical indicator, will provide insights into the private sector's employment situation. The Institute for Supply Management (ISM) will also release its index statistics, offering a gauge of the overall economic condition in the USA.


In Europe, Eurostat is set to publish key economic data. Information on inflation rates in the Eurozone will be crucial for understanding the cost of living and economic stability within the member countries. The unemployment rate data will also be released, providing insights into the labor market health across the Eurozone.


Turkey will report on its inflation rates as well, a key indicator for the country's economic stability and monetary policy.


Thursday, April 4th


The European Central Bank (ECB) will release the minutes from its March meeting. These minutes are a valuable resource for understanding the discussions and considerations of the ECB's policy makers, offering insights into the monetary policy outlook for the Eurozone. Sweden's central bank, the Riksbank, will also release its meeting minutes, providing a similar glimpse into the monetary policy considerations and decisions in Sweden.



Thursday will also see further service PMI data releases from various key economies, including Germany, the United Kingdom, and the broader Eurozone. This data is essential for understanding the health and trends of the service sector in these significant economies.


Additionally, there will be reports on inflation in Switzerland and producer inflation in the Eurozone, both of which are important indicators of the economic environment in these regions.


In the United States, important economic data are scheduled for release. This includes information on the country's foreign trade balance, which provides insights into the international trade dynamics of the USA. Also, the number of unemployment benefit claims will be published, offering a real-time snapshot of the labor market conditions.


In China, the financial markets will be closed for two days due to the Qingming Festival, also known as Tomb Sweeping Day. This traditional holiday is one of the most important in the Chinese calendar and is a time when people honor their ancestors.



Friday, April 5th


On Friday, investors will receive a wealth of information from several European economies, including data on orders in the German industry. This data is a significant indicator of the health and future outlook of Germany's industrial sector. Industrial production data and retail sales figures from several European economies, including the Eurozone, will also be released. These figures are crucial for understanding the overall economic activity and consumer behavior in these regions.


However, the highlight of the day from a global market perspective will likely be the release of the monthly report from the American labor market. This report includes critical data such as the non-farm payrolls, which detail the number of jobs added in the US economy outside of the agricultural sector. This report is a key indicator of the health of the US labor market and has significant implications for monetary policy and investment decisions. The report is scheduled to be released at 1:30 PM London time, and it's closely watched by investors and policymakers worldwide.


30.03.2024



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