Data from Germany
On Thursday 28th, the unemployment data and the indicator on the development of retail sales in Germany and the GDP and business investment in the United Kingdom for the fourth quarter of 2023, the Italian PPI and its trade balance will be published. Community.
In the US, investors will turn their attention to the release of the University of Michigan Consumer Confidence Index and the PCE Price Indicator, a benchmark for the Fed.
Monday begins with February new home sales, the Dallas Fed’s Mfg business index and the conduct of the three-, six-month and two-year government debt auction.
On Tuesday the 26th, last month’s durable goods orders, Redbook retail sales index, housing price index, Richmond manufacturing and Dallas Fed service sector revenues for March will be announced, in addition to the auction of the 5- Annual Treasury bonds and the American Petroleum Institute (API) weekly report on crude oil reserves.
MBA Mortgage Applications
On Wednesday the 27th, it will be the turn of the MBA mortgage applications index and the IEA crude oil inventory data, and Fed Board of Governors member Christopher Waller will make statements.
The most important thing on Thursday 28th in the US will be the quarterly GDP and the renewal of unemployment benefits, as well as the index of houses for sale and the auction of 4-week debt and 8-week bonds.
On Friday 29, when the Spanish stock market is closed, the most anticipated data of the week will arrive, the price index of personal consumption expenditure (PCE), which has a great influence on the Fed’s decisions.
According to CMC analyst Markets, the headline rate is expected to be around 2.4% and the underlying rate at 2.8%, levels below 3% that seek to approach the Fed’s 2% target.
In the Asia-Pacific region, the week will be highlighted by the absence of macroeconomic data from China.
Meanwhile, in Japan, the monthly coincidence and leading indicators will be released on Monday; on Tuesday the annual core CPI from the Bank of Japan (BoJ); BoJ member Naoki Tamura will appear on Wednesday; Foreign investments in Japanese stocks will be announced on Thursday.
On Friday, Japan will release inflation data, unemployment rates, industrial production, retail sales and housing orders and hold a two-year debt auction.