Author: Dan Shiel

Tuesday 18th April

10 am – German ZEW Economic Sentiment Survey (April): Expected to rise slightly to 9.8, from 4.3 previously. 

2.30am – Reserve Bank of Australia meeting minutes (April): The central bank left its official cash rate at a record low 2% for a 10^th consecutive meeting, but warned about a resurgent Aussie dollar. Now we’ll get the details. Governor Glenn Stevens also gives a speech at 14.30 pm.

Wednesday 19th April

12.50 am – Japan March trade balance (March): Expected to show a deficit of JPY74.64 billion compared with February’s JPY242.8 billion surplus.

7 am – German PPI : (MoM) (March) 0.2% exp vs -0.5% prior / (YoY) (March) -2.9% vs -3% prior

9.30 am – UK unemployment rate (February): Expected to remain the same at 5.1%.

9.30 am – UK Claimant count (March): Expected to rise to -10k, from -18k.

3.30 pm – EIA crude oil/gasoline stocks change (15 April): Crude stocks are expected to build by a further 0.6 million barrels, after falling for the first time in two months two weeks ago. Gasoline stocks are expected to drop by about 854,000 barrels.

Thursday 20th April

8.30 am – UK retail sales (March): Expected to rise 0.2% on the month and 3.5% on the year, compared with February’s 0.4% decline on month and 3.8% rise on year.

12.45 pm – ECB interest rate decision and press conference (1.30 pm): German finance chiefs are showing more angst over the ECB’s stimulus efforts, but the central bank got some good news in the form of steadying Eurozone prices last Thursday. The recent rise in oil prices can only be supportive to the ECB’s efforts to stave off the deflation threat and return inflation towards its target.

1 pm – SAP Q1 2016 Earnings Call

3.00 pm – Eurozone consumer confidence (April): Expected to decrease further to -10.3, from -9.7 in March and -8.8 in February. 

Friday 21st April

8.30 am – German flash Markit Manufacturing PMI (April): Expected to remain fairly stable at 50.8 compared with 50.7 in March. A reading above 50 indicates expansion. 

8:30 am – German services PMI (April) : 55 exp vs 55.1 prior

9.00 am – Eurozone Markit composite PMI (April): Expected to remain stable at 53.1, reflecting stability in both the manufacturing and services PMIs. 

1.30 pm – Canadian inflation (March): Expected to show deflation of 0.1% month-on-month, compared with the 0.2% inflation in February. Year-on-year figure expected to rise 1.9%, from 1.4% in February. It hit a 14-month high of 2% in January.