After a slow week, the markets are expected to present higher trading volume and this week is a bust one with: Yellen’s speech, U.S. NFP, China’s manufacturing PMI, EU flash CPI, U.S. PCE, Canada’s GDP, U.S. manufacturing PMI. So let’s breakdown the main events for the week of March 28th to April 1st.
(All times GMT):
Monday, March 28th
13:30 – U.S. core PCE: The personal consumption expenditures index is an important indicator the FOMC follows to determine the shifts in U.S. inflation. In the last report, the core PCE (excluding food and energy) rose by 0.3%. The expectations are for the core PCE to edge up by 0.2%;
15:00 – U.S. Pending Home Sales: This report presents the developments in pending home sales in the U.S during February; in the previous update for January, pending home sales index declined by 2.5% (month-over-month); this time, however, the index is expected to rise by 1.2%;
23:50 – Japan’s Retail Sales: In the previous report for February 2016, retail sales slipped by 0.1%;
Tuesday, March 29th
09:00 – Euro Area Monetary Development: This monthly report will pertain to the changes of the M3, M1 and loans to private sector in the Euro area as of February 2016. In the January report, the annual growth rate for M3 picked up to 5%; current estimates are for the growth rate of M3 to remain at 5%;
15:00 – U.S. Consumer Confidence: According to the latest report for February, consumer confidence index dropped to 92.2. The current estimates are that the index bounce back to 93.9;
15:25 – FOMC Chair Yellen Talks: Janet Yellen will deliver a speech titled “Economic Outlook and Monetary Policy” at the Economic Club of New York luncheon;
Wednesday, March 30th
13:15 – ADP estimate of U.S. non-farm payroll: ADP will release its estimate for the next U.S non-farm payroll changes for March 2016 that will be published on Friday;
15:30 – U.S Crude Oil Stockpiles Weekly update: The EIA (Energy Information Administration) will release its weekly report on the U.S oil and petroleum stockpiles for the week ending on March 25th;
Thursday, March 31st
07:00 – Germany’s Retail Sales: In the recent report for February 2016, retail sales rose by 0.7%;
09:15 – BOE Governor Carney Speaks: He will hold a press conference at the Financial Stability Board Plenary meeting, in Tokyo;
09:30 – Great Britain Current Account: According to the latest report, Great Brittan’s current account showed a higher deficit of 17.5 billion pounds. The current estimates are that the deficit will expand to 21.8 billion pounds;
10:00 – EU CPI Flash Estimate: This index estimates the yearly consumer price index of the Euro Area. According to the recent estimate for February, the annual CPI declined to -0.2%. The core CPI slipped to 0.7%; in the upcoming report, the market estimates the CPI were to reach -0.1% and core CPI to reach 0.9%;
13:30 – Great Britain GDP for 4Q 2015: This will be the final estimate of GB’s fourth quarter 2015 real GDP growth. The current estimates are for the GDP to reach 0.5%;
13:30 – Canada’s GDP by Industry: This monthly report presents the developments in major industrial sectors for January 2016. In the previous update regarding December 2015, the real gross domestic product rose by 0.2%; the market expects the GDP increased by 0.3% last month;
13:30 – U.S. Jobless Claims Weekly Report: This weekly report will refer to the developments in the initial jobless claims for the week ending on March 25th; in the recent report, jobless claims remained at 265K; in the next report, estimates are for 269K claims;
15:30 – EIA U.S. Natural Gas Storage: The EIA weekly report of the U.S. natural gas market will refer to the recent changes in natural gas production, storage, consumption and rates as of March 25th;
Friday, April 1st
02:45 – China’s Caixin Manufacturing PMI: In the recent report, the PMI slipped to 48; current estimates are for the PMI to rise to 48.3 – the manufacturing conditions are contracting at the slower pace;
09:30 – GB Manufacturing PMI: back in February, Great Britain’s manufacturing index declined to 50.8 – manufacturing sectors are rising at a slower pace; this time, the PMI is expected to rise to 51.3;
13:30 – U.S. Non-Farm Payroll Update: In the recent employment report 242K jobs were added – higher than expected; the U.S. unemployment rate remained flat at 4.9%. If the upcoming report doesn’t show a stronger than expected growth in employment (current projections are at 208K), this could pull back down the USD;
15:00 – U.S. ISM Manufacturing PMI: Back in February, the PMI declined to 49.5– the manufacturing sector is contracting. And it’s estimated to reach 50.8 in the next report, which means the manufacturing sector is expanding;
15:00 – UoM Consumer Sentiment (revised): University of Michigan will publish its revised consumer sentiment monthly report; this survey could provide information regarding the changes in U.S consumers’ sentiment; according to the previous report, the sentiment index declined to 91.7;
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