Here are some of the important economic data that will be the focus of the market throughout this week.
TUESDAY (April 15, 2025)
UK Employment Data (2.00 PM) – The latest indication of the Bank of England's policy-setting policy, the UK employment report will be scrutinized. Unemployment claims, 3-month average wages and the unemployment rate are among the components that will be watched.
German Economic Sentiment ZEW Survey (5.00 PM) – A survey of analysts and institutional investors in Germany will reflect the current health of the European economy. With pressure on global tariffs, the latest figures are expected to come in at a low reading.
Canadian Inflation Data (8.30 PM) – Canada's monthly consumer price index reading for March is forecast to fall to 0.7% from 1.1% previously. The implementation of Trump's tariffs is seen as a factor driving a decline in consumer purchasing power.
WEDNESDAY (April 16, 2025)
UK Inflation Data (2.00 PM) – After a spike to 3.0% in UK inflation in January, the figure is expected to slowly ease. The forecast for March is down to 2.7% from February’s 2.8%.
US Retail Sales Data (8.30 PM) – The forecast for US retail sales in March is positive to rise to 1.4% from a previous reading of 0.2%.
BOC Policy Meeting (9.45 PM) – The Bank of Canada is expected to keep interest rates unchanged at 2.75% for its April meeting. This will be the first time the central bank has cut rates after 7 consecutive meetings.
THURSDAY (April 17, 2025)
New Zealand Inflation Data (6.45 AM) – The Reserve Bank of New Zealand will be watching for key indicators for their monetary policy setting through the latest inflation data. New Zealand's first quarter inflation forecast rose to 0.7% from 0.5% previously.
Australian Jobs Data (9.30pm) – After the economy shed 52,800 jobs in February, Australia's job gains are expected to rise by 40,200 in March. Meanwhile, the unemployment rate is forecast to rise to 4.2% from 4.1% previously.
ECB Policy Meeting (8.15pm) – The European Central Bank is set to cut interest rates by 25 basis points from 2.65% to 2.40%. Global trade tensions are weighing on the European economy at the moment, prompting central banks to act to boost economic activity.
