The Week Ahead

Key Upcoming Events:

• US Durable Goods Orders 15:30 (GMT+3) Tuesday 26^th March
• US GDP Growth Rate Final Q4 15:30 (GMT+3) Thursday 28^th March
• US PCE Price Index 15:30 (GMT+3) Friday 29^th March

Holiday-Shortened Week: Markets in the US, UK, and Europe will be closed for Good Friday, yet the calendar still features significant market-moving events.

US economic data and PCE inflation: The upcoming week features significant US economic releases, including February’s Durable Goods Orders, Q4 GDP final estimate, and PCE inflation figures. The crucial inflation report is released on Friday when markets are closed, complicating traders’ strategies due to the inability to react until Monday.

Fed Chair Jerome Powell’s Discussion: Powell’s participation in a moderated discussion at a San Francisco Fed conference will be a key event, with the financial community looking for cues on future monetary policy direction.

Updates from the UK and Eurozone: The UK will update its final Q4 GDP, offering a clearer picture of the economic performance at the year’s end. Meanwhile, the Eurozone will release consumer and business sentiment data following flash PMI releases.

Bank of Japan Insights: Attention will also turn to Japan with the release of the Bank of Japan’s meeting minutes and a summary of opinions, alongside key economic indicators like industrial production and retail sales.

This week the markets will be closely following economic data & earnings reports such as:

Monday:

• JP BoJ Monetary Policy Meeting Minutes
• US New Home Sales FEB

Tuesday:

• DE GfK Consumer Confidence APR
• US Durable Goods Orders MoM FEB
• US CB Consumer Confidence MAR
• Earnings Reports:
  • McCormick & Company, Incorporated
  • TD SYNNEX Corporation

Wednesday:

• EU Economic Sentiment MAR
• Earnings Reports:
  • Cintas Corporation
  • Paychex, Inc.
  • Carnival Corporation & plc

Thursday:

• GB GDP Growth Rate QoQ Final Q4
• DE Unemployment Rate MAR
• CA GDP MoM JAN
• US GDP Growth Rate QoQ Final Q4
• US Michigan Consumer Sentiment Final MAR
• Earnings Reports:
  • Walgreens Boots Alliance, Inc.

Friday:

• US Holiday (Good Friday)
• JP Unemployment Rate FEB
• JP Tokyo CPI YoY MAR
• US PCE Price Index MoM FEB
• US Personal Income MoM FEB
• US Personal Spending MoM FEB

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