The week ahead – All Eyes on Inflation data from the UK, Canada, Japan & New Zealand

Key Upcoming Events:

• US Retail Sales 15:30 (GMT+3) Monday 15th April
• UK Inflation Rate 09:00 (GMT+3) Wednesday 17th April
• JP Inflation Rate 02:30 (GMT+3) Friday 19th April

Middle East Conflict: Continued conflict between Israel and Iran following Saturday’s escalation will likely affect global market sentiments, keeping traders vigilant on any further developments.

US Retail Sales & Housing data: Financial markets will closely monitor the U.S March retail sales data on Monday, with expectations of a slowdown from the previous month. The outcome may impact the Federal Reserve’s rate decisions, especially if the data suggest sustained consumer spending despite inflationary pressures. Additionally, reports on building permits and existing home sales will also be under scrutiny.

Inflation Data Watch: Traders are eyeing upcoming inflation reports from the UK, Japan, Canada, and New Zealand to determine which central bank might initiate interest rate cuts first. Markets are focused on potential rate cuts by the Bank of England and Bank of Canada if inflation softens, which could have further implications for global markets and central bank policies.

Earnings Season Anticipation: As the market’s focus shifts from Fed policies to corporate earnings, the upcoming US earnings season is keenly awaited. Netflix is a highlight with its earnings report due on Thursday. Leading banks like Goldman Sachs, Morgan Stanley, and Bank of America, are set to provide valuable insights into the health of the financial sector.

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

Monday:

• EU Industrial Production MoM FEB
• US Retail Sales MoM MAR
• US NY Empire State Manufacturing Index APR
• Earnings Reports:
  • The Goldman Sachs Group, Inc.
  • The Charles Schwab Corporation

Tuesday:

• CN GDP Growth Rate Q1
• GB Unemployment Rate FEB
• EU ZEW Economic Sentiment Index APR
• CA Inflation Rate MAR
• US Building Permits Prel MAR
• Earnings Reports:
  • UnitedHealth Group Incorporated
  • Johnson & Johnson
  • Bank of America Corporation
  • Morgan Stanley

Wednesday:

• NZ Inflation Rate Q1
• GB Inflation Rate MAR
• EU Inflation Rate YoY Final MAR
• Earnings Reports:
  • Abbott Laboratories

Thursday:

• AU Unemployment Rate MAR
• US Existing Home Sales MAR
• Earnings Reports:
  • Netflix, Inc.

Friday:

• JP Inflation Rate YoY MAR
• DE PPI MoM MAR
• GB Retail Sales MoM MAR
• Earnings Reports:
  • The Procter & Gamble Company
  • American Express Company

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