A Week in the Market: US GDP and Consumer Price Movements (27-31 March)
2 minutes for reading
USD: final GDP estimate
The US will not be releasing many statistics, but they will all be significant. The final GDP report for the fourth quarter of last year will be published - the economy is projected to have risen by the same 2.7% as before. This is a very weak result for the US and if it is confirmed, the USD may deteriorate.
EUR: inflation data
The Eurozone is to release the latest inflation data for March which might come as a pleasant surprise for the euro: the figure is expected to fall to 7.1% y/y after February's 8.5%. If price pressures really have eased, the ECB will not have to consider a scenario with a more aggressive interest rate hike.
JPY: core inflation in Tokyo
Amongst the stream of macroeconomic statistics that Japan is releasing this week, the market is likely to be more interested in the Tokyo core inflation data. Normally such a report is seen as a forerunner of the core CPI indicator. It is forecast to decline which could be negative for the JPY.
China: business activity indices
China will release information on business activity in the manufacturing and non-manufacturing sectors – the data may shed light on the real state of the country's economy. Strong figures will support risk assets.
GBP: in light of the protocol
The UK will release a number of important statistics. The minutes from the Bank of England's previous meeting will be published, which may provide insight into the regulator's future moves and details on its inflation targeting. The more specific the data, the better for the GBP.
Subscribe to R Blog and never miss anything interesting
Every week, we will send you useful information from the world of finance and investing.