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Calm Before The Data Storm

Calm Before The Data Storm

Good morning all. After a gloriously sunny weekend, we return to a particularly data-light Monday on the markets. Last week also finished on a relatively quiet level with the only real news coming out of the US, where stronger than expected housing starts in April were somewhat negated by the surprising decline in the University of Michigan’s survey of consumer sentiment.

Nothing major is in the calendar, with a bit of the spotlight falling on the US as various members are due to speak and we should get some hints as to whether and when the future of tapering will continue. Another long-running saga is the debate as to when Mario Draghi is finally going to ease monetary policy in the Eurozone. This is now expected in June, almost a year after Draghi first mentioned the prospect of lower interest rates.

For the rest of the week there is a whole raft of important data being released

 

Tuesday:         UK – CPI, RPI and PPI

US – Redbook Index, Fed Members speeches

 

Wednesday:    Australia – Consumer Confidence

UK – BoE minutes, Retail sales

Euro – Consumer Confidence

US – Yellen Speech, FOMC minutes

 

Thursday:        EUR – French PMI, German PMI, Eurozone PMI

UK – GDP Figures

CAD- Retail sales

US – Jobless Claims, PMI, Existing Home sales

 

Friday:             EUR- German GDP, German IFO, Italian Retail Sales

Canada – CPI

US – New Home Sales

 

Photo: © zajcsik / pixabay

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