Get ready for a week full of economic thrills and spills! Investors will be watching closely as the United Kingdom and European CPI m/m, US Initial Jobless Claims, and EU S&P Manufacturing & Services PMI are all scheduled to be released in the coming days.
Will inflationary pressures persist in the UK and EU, or will they start to ease? Will the US job market continue to improve, or will there be a setback? And what will the latest data tell us about the health of the European economy?
All these questions and more will be answered this week!
United Kingdom and European Union Consumer Price Index (CPI) m/m – Wednesday, April 19th
📅 The United Kingdom and European Union Consumer Price Index (CPI) m/m will be released on Wednesday, April 19th, at 9:00 and 12:00 GMT+3, respectively.
📌 The United Kingdom and European Union Consumer Price Index (CPI) m/m is an indicator that measures changes in the prices of consumer goods and services in the UK and European Union countries every month, and is a key measure of inflation in these regions.
📊 The release of the UK and EU Price Index (CPI) m/m can impact national currencies, currency pairs, and company stocks. Analysts predict a decrease in the UK's consumer inflation rate, while in Europe, expectations are for the indicator to remain at last month's level.
Assets potentially to be affected: $EUR and $EU Stocks 🇪🇺
US Initial Jobless Claims – Thursday, April 20th
📅 The US Initial Jobless Claims will be released on Thursday, April 20th, at 15:30 GMT+3.
📌 The US Initial Jobless Claims is a report that is released weekly by the US Department of Labor and provides information on the number of individuals who have filed for unemployment insurance benefits for the first time in the past week. It is considered a leading economic indicator, as it can provide insights into the current state of the job market and overall economic conditions in the United States.
📊 A possible decrease in the US Initial Jobless Claims, combined with last week's statements from the Federal Reserve, could potentially support the US Dollar, which has already gained ground.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
United Kingdom Retail Sales m/m – Friday, April 21st
📅 On Friday, April 21st at 9:00 GMT+3, the United Kingdom Retail Sales m/m will be released.
📌 The United Kingdom Retail Sales m/m is a monthly economic indicator measuring the change in the UK's retail sales volume. It reflects the level of consumer demand in the country and can provide insights into the current state of the economy. The indicator is calculated by measuring the changes in retail sales volume from the previous month, and it can impact currency movements.
📊 If the United Kingdom Retail Sales m/m comes in lower than expected, it could trigger a sell-off in UK stocks, particularly in the retail sector, and potentially weaken the pound sterling against other currencies. However, if the data comes in better than expected, it could lead to a boost in investor confidence and a rise in UK stock prices.
Assets potentially to be affected: $GBP and $UK Stocks 🇬🇧
EU S&P Global Manufacturing & Services PMI – Friday, April 21st
📅 The release of the European S&P Global Manufacturing & Services PMI will take place on Friday, April 21st, at 11:00 GMT+3.
📌 The EU S&P Global Manufacturing & Services PMI is a business activity index that assesses European Union countries' manufacturing and services sectors. It is based on a survey of purchasing managers and reflects the level of activity in these sectors of the economy.
📊 If the EU S&P Global Manufacturing & Services PMI comes in higher than expected, it could potentially strengthen the euro and boost investor confidence in the European markets. However, if the data disappoints, it could lead to a sell-off in European stocks and weaken the euro. Analysts are expecting growth in the PMI, which could bode well for the European economy.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
That's it for this week! 👋
