United States
The upcoming week may be light on US economic data, but it promises to be an exciting time for market watchers with a slew of high-profile earnings reports from Bank of America, Johnson & Johnson, Goldman Sachs, Netflix, IBM, American Express, Blackstone, and Procter & Gamble. New residential construction and building permit data for March will offer clues about the health of the real estate market, while S&P Global's April PMI surveys will gauge manufacturing and services sector activity.
Canada
Canadian data releases will include March CPI figures and February retail sales data.
Europe
The European Central Bank (ECB) will publish its monetary policy meeting accounts, with market participants anticipating two more 25 bps rate increases by mid-year to combat inflation. Flash PMI figures for Europe are expected to show the fourth consecutive monthly expansion in private sector business activity. Traders will also be keeping an eye on Euro Area public finances data, final inflation rate, and external trade figures, along with Germany's producer prices and Zew Economic Sentiment Index and France's business survey.
United Kingdom
The UK's economic calendar features key reports on unemployment, inflation, retail trade, Gfk consumer confidence, and S&P Global PMIs. Annual inflation is expected to ease, while unemployment may edge up and retail sales could fall. The PMI survey should indicate continued growth in the service sector and a softer contraction in manufacturing.
Asia
China's Q1 GDP growth figures will shed light on the country's reopening progress, with additional releases including industrial production, retail sales, and the unemployment rate for March. Japan's data releases include inflation and trade data for March, followed by April PMI figures. Indonesia will decide on its monetary policy, while Malaysia will release its March CPI print.
Australia and New Zealand
In Australia, minutes from the RBA's latest meeting will reveal the central bank's rationale for pausing tightening at 3.6%, and flash PMI data for April will be eagerly awaited. Finally, New Zealand is set to release its Q1 inflation rate.
In summary, the week ahead promises a wealth of information for investors and traders, with earnings reports, inflation data, and manufacturing PMIs taking center stage. Keep an eye on these key releases to stay informed about the global economic landscape.
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