The week ahead – All Eyes on US Inflation data

Key Upcoming Events:

• US Inflation Rate 15:30 (GMT+3) Wednesday 10th April
• EU Interest Rate Decision 15:15 (GMT+3) Thursday 11th April
• US PPI 15:30 (GMT+3) Thursday 11th April

US Inflation Data: Attention shifts to the headline US CPI report. A decrease in inflation is necessary for any chance of a Fed rate cut in June. However, given the less volatile nature of PCE inflation, significant changes in the US dollar’s outlook are not anticipated.

Fed’s Meeting Minutes: The minutes from the Federal Reserve’s latest meeting will be released on Wednesday, offering further clarity on the Fed’s views on economic conditions and policy outlook.

Interest Rate Decisions: Upcoming meetings of the European Central Bank (ECB), Bank of Canada (BOC), and Reserve Bank of New Zealand (RBNZ) are expected to maintain current policies without significant changes. However, any discussions hinting at possible rate cuts could significantly influence market sentiment and currency valuations.

US Banks Kick Off Q1 Earnings Season: The first quarter earnings season for 2024 begins, with financial giants like JPMorgan, Wells Fargo, BlackRock, and Citigroup scheduled to report on Friday. Investors are keenly anticipating the reports to evaluate the financial sector’s health.

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

Monday:

• DE Industrial Production MoM FEB
• US Consumer Inflation Expectations MAR

Tuesday:

• AU Westpac Consumer Confidence APR
• JP Consumer Confidence MAR

Wednesday:

• JP PPI MAR
• NZ RBNZ Interest Rate Decision
• US Inflation Rate MAR
• CA BoC Interest Rate Decision
• US FOMC Minutes
• Earnings Reports:
  • Delta Air Lines, Inc.

Thursday:

• CN Inflation Rate MAR
• EU ECB Interest Rate Decision
• US PPI MAR
• IMF/World Economic Outlook
• OPEC Monthly Report
• Earnings Reports:
  • Constellation Brands, Inc.
  • Fastenal Company

Friday:

• DE Inflation Rate Final MAR
• GB GDP FEB
• US Michigan Consumer Sentiment Prel APR
• Earnings Reports:
  • JPMorgan Chase & Co.
  • Wells Fargo & Company
  • BlackRock, Inc.
  • Citigroup Inc.

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