Here are some of the important economic data that will be the focus of the market throughout this week.
MONDAY (April 15, 2024):
US Retail Sales Data (8.30 PM) - Retail sales rates in America will be watched through the latest data after the market examines last week's inflation data. However, readings are predicted to be lower for March than the previous month.
TUESDAY (April 16, 2024):
China Industrial Production Data (10.00 AM) – China's economic data can influence the mood of financial markets and is closely scrutinized by investors. In addition to industrial production data, also published together are China's GDP and retail sales data.
UK Employment Data (2.00 PM) – Will be the central bank of England's watch, the UK employment data report will influence the next monetary policy setting decision. The report for February is expected to be bleak with the average income index slowing slightly while the unemployment rate rises.
Canadian Inflation Data (8.30 PM) – Canada is expected to record a higher monthly inflation increase for March of 0.7% compared to the previous figure of 0.3%. An increase in the inflation rate may prompt the central bank to remain on a tight monetary policy.
WEDNESDAY (April 17, 2024):
UK Inflation Data (2.00 PM) – Also an important indicator in the setting of monetary policy, the UK consumer price index is forecast to decline for the March reading to the lowest level since October 2021.
THURSDAY (18 April 2024):
Australian Employment Data (9.30am) – The Australian Bureau of Statistics is expected to release a dismal employment report for March. Job growth is expected to slow after a jump in figures the previous month while the unemployment rate is projected to rise higher again after a decline in February.
FRIDAY (April 19, 2024):
UK Retail Sales Data (2.00pm) – The market will be watching for the release of UK retail sales data at the end of the week which could influence the movement of the Pound before the end of the week's trading session. The predicted increase could support the Pound to move positively in the market.
