Here are some of the important economic data that will be the focus of the market throughout this week.
US Consumer Confidence Data (Tuesday 10.00 PM): Survey data on financial confidence in the US provides insight into spending in March. With the ongoing crisis, data readings are predicted to drop slightly.
Australian Inflation Data (Wednesday 8.30am): The consumer price index data reading in Australia will be watched after the employment report published earlier recorded a positive figure. The central bank raised interest rates by 25 basis points at a meeting held in early March.
US GDP data (Thursday 8.30 PM): The final reading of US economic growth (GDP) data for the last quarter of 2022 is expected to remain unchanged at 2.7% as the previous figure. This shows slower growth than the previous quarter published in December last year.
China Manufacturing & Services PMI data (Friday 9.30 AM): Key sectors in China will be assessed by the market as the world's second largest economy for a picture of the current health of the global economy.
Canadian GDP data (Friday 8.30pm): After the central bank stopped raising interest rates at its latest meeting, current economic growth in Canada will be monitored. The latest readings expect a positive number increase to be exhibited.
US Consumer Personal Expenditure Data (Friday 8.30 PM): Closing trade at the end of the week, investors will focus on the reading of the US PCE index which also gives an indication of price changes and can influence monetary policy decisions by the Federal Reserve (Fed).
