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Economic calendar and key financial events: A weekly outlook


Economic calendar and key financial events

(London time)


Monday, April 29


The economic calendar for Monday shows a relatively light schedule of releases. The most significant event appears to be the Consumer Price Index (CPI) inflation data from Germany, scheduled for release at 1:00 PM. This inflation data is closely watched as an indicator of economic health and price stability in Europe's largest economy. In addition to Germany, Spain will report on its price levels, and Sweden is set to release data on its GDP growth for the first quarter of the year at 7:00 AM. The European Commission is also slated to release its economic sentiment report for April, which provides insights into business and consumer confidence across the continent.


Tuesday, April 30


On Tuesday, attention shifts to broader European economic indicators. The inflation rate for the Eurozone will be released at 10:00 AM, offering insights into the monetary policy outlook and price stability across the member states. Key economic data releases include Germany's GDP figures for the first quarter at 9:00 AM and the Eurozone’s aggregate GDP data at 10:00 AM, both essential for assessing the economic recovery post-pandemic.



Additionally, PMI indices from China will be published, providing a snapshot of manufacturing and service sector health from one of the world's largest economies. Other global economic data, including inflation, GDP, retail sales, and unemployment rates from various countries, as well as industrial data from Japan and the Conference Board index from the USA, will also be available. From Switzerland, the KOF Economic Institute will release its economic barometer at 8:00 AM, which forecasts the potential performance of the Swiss economy over the next six months.


Wednesday, May 1


Wednesday's highlight in the United States is the release of the ISM Manufacturing Report, an important indicator of the overall economic condition of the manufacturing sector. Other significant data include PMI reports and the ADP employment report, which precedes the more comprehensive non-farm payrolls data and provides a snapshot of private-sector employment.


The JOLTS report will also give further details on job openings, a key measure of job market strength. The major event, however, is the Federal Reserve's interest rate decision scheduled for 8:00 PM, followed by Chairman Jerome Powell's press conference at 8:30 PM. These events are pivotal for financial markets, as comments from the Fed can influence global financial markets. Despite expectations that the federal funds rate will remain unchanged at 5.25%-5.50%, recent economic indicators such as a higher-than-expected core PCE inflation may lead to significant discussions during the Fed’s communication.



Thursday, May 2


Thursday offers a chance for global markets to react to the Federal Reserve's decisions and the insights provided by Chairman Powell. Financial markets often adjust quickly to such central bank communications, reflecting changes in investor expectations about future monetary policy. In terms of economic releases, the Eurozone will publish its industrial PMI data for April at 10:00 AM, which is critical for gauging the health of the manufacturing sector. Earlier in the day, at 7:30 AM, Switzerland will disclose its monthly inflation figures and add a retail sales report, both of which are vital for understanding consumer price trends and spending behavior in the Swiss economy.


A slew of data from the USA is also expected, including the foreign trade balance for March, new claims for unemployment benefits, updates on gas storage levels, and orders for durable goods, providing a comprehensive view of the economic activity in the country. Major companies such as Apple, Linde, MercadoLibre, Moderna will also be reporting their quarterly results, which can influence stock market trends.



Friday, May 3


The week closes with several key economic decisions and reports. Norway will kick off the day with its interest rate decision at 9:00 AM, which is crucial for investors and economists monitoring monetary policy adjustments in response to global economic conditions. Following this, Turkey will report its inflation figures, and the UK will release its service sector PMI, both important indicators of economic health in their respective regions. Eurostat will provide updates on unemployment across the European Union, offering insights into labor market trends across multiple economies.



The day's most anticipated report, however, comes from the US Bureau of Labor Statistics, which will release the non-farm payrolls data. This report is a critical indicator of the overall employment situation in the United States, excluding farm workers, and includes additional details on wage rates and the unemployment rate, closely watched by policymakers, investors, and economists globally.


27.04.2024



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