Friday, 14 April 2017
Weekly Outlook: Apr 17 - Apr 21
Asia: Traders will have to wake up early to catch up with China’s latest economic reports. Fixed asset investment for February will be available as of 02:00 GMT, although traders will rather focus on first quarter GDP and industrial production figures. The Chinese economy is expected to keep a 6.8 percent growth rate year-over-year and tick down quarter-on-quarter to 1.6 percent.
Europe: Markets will remain closed on Easter Monday
United States: New York Empire State Manufacturing Index for April will be released at 12:30 GMT, with expectations standing at 15.00 from a previous 16.40.
United States: Traders await building permits and housing starts for March as of 12:30 GMT, with analysts currently forecasting a 1.245 million units and 1.264 million units build respectively. The latest industrial production report will be out at 13:15 GMT. Markets are seeing an increase of 0.5 percent from a prior month 0.1 percent. Late in the afternoon, the American Petroleum Institute will present its weekly report on crude inventories.
Asia: Japan shows up with its adjusted trade balance as of 23:50 GMT. Economists had anticipated a reduction to 576 billions Exports are expected to rise by 6.7 percent in March.
Europe: Midweek begins with key economic indicators from the Eurozone. Consumer price index for April will be available at 09:00 GMT. Analysts forecasted a 1.5 percent build year-over-year and 0.8 percent on monthly basis. Trade balance for February will be released at the same time.
United States: Traders will be paying close attention to fresh figures on crude and refined products stockpiles from the US Energy Information Administration. Data will come out at 14:30 GMT. The latest report showed an unexpected drop of 2.166 million barrels against expectations for an 87,000 barrels build. The Federal Reserve will release its Beige Book on economic conditions around the country at 18:00 GMT.
Europe: German Price Producer Index for March will be published at 06:00 GMT, with traders looking at 0.1 percent increase.
United States: Philadelphia Fed Manufacturing Index for April is due to be released as of 12:30 GMT. Economists forecasted a move to 26.9 points from a previous reading of 32.8.
Europe: Possibly the strongest day of the week for economic data. German Manufacturing and Services PMIs for April will be released by Markit as of 07:30 GMT. Economists are placing their bets at 58.0 and 55.5 points respectively. Same reports from the Eurozone will be available just half an hour later. In the United Kingdom, retail sales for March will be in focus at 08:30 GMT, with the year-over-year reading expected to add 3.6 percent and fall 0.2 percent on monthly basis.
United States: Markit will also present its manufacturing and services PMIs for April, with expectations standing at 53.5 and 53.0 respectively. Also in the day, existing home sales for March are due at 14:00 GMT and they are set to increase by 2.0 percent to 5.55 million units.