Compared to the busy previous week, this week’s economic calendar is lighter, offering investors a chance to catch their breath. However, several key events could still impact markets, particularly on Tuesday and Thursday.
Overview:
- Calmer trading week expected after a busy previous one.
- Asian markets buoyed by Chinese return and holiday spending.
- US inflation print could pressure other regional markets.
Monday:
- Expect a quiet start with no major data releases. Markets will likely take cues from Friday’s US inflation data, which drove risk aversion.
Tuesday:
- Australia: RBA minutes released at 12:30 AM GMT. While not expected to reveal much new, they could offer insights into the central bank’s future policy stance.
- China: PBOC announces Loan Prime Rate changes.
- Canada: Latest CPI data released.
Thursday:
- Global: Flash PMI data for services and manufacturing released across Australia, France, Germany, Europe, UK, and US. Look for potential market reactions to any surprises.
- US: Weekly jobless claims and Existing Homes Sales data released.
- Canada: Retail Sales data released.
- Eurozone: German Ifo Business Climate data released.
Friday:
- New Zealand: Retail Sales data released.
- Japan: Markets closed for Emperor’s birthday holiday.
Key Events to Watch:
- RBA Minutes: Traders will be looking for clues about the central bank’s future rate hike intentions.
- Fed Minutes: These could influence expectations for the timing and pace of US rate cuts.
- Global PMIs: Deviations from forecasts could move markets, particularly in the UK where a miss could push GBP lower.
Categories: Market News
