This week investors will have their eyes and ears tuned to Friday’s data on US first-quarter growth which is expected to show a stabilizing economy following a recent period of economic weakness. Leading up to Friday’s data will be reporting on US housing data, consumer sentiment, and durable goods orders.
Last week’s data pointing surprisingly to a narrowing of the US trade deficit for the consecutive months of February and March has boosted sentiments of a strengthening economy following a relatively weak start to the first quarter.
This week, Japan’s Prime Minister Shinzo Abe will meet with US president Donald Trump to discuss trade between the US and Japan. President Trump wants to reduce a $64 billion trade deficit with Japan and has hinted at 25% tariff on auto imports and auto parts as a remedy along with a demand that Japan cuts tariffs on agricultural imports.
Here is a list of key economic events likely to move the markets.
Monday, April 22
U.S. Existing home sales MoM Mar
U.S. Existing Home Sales MAR
Tuesday, April 23
Euro-Zone Consumer Government Budget to GDP 2018
Euro-Zone Consumer Government Debt to GDP 2018
Euro-Zone Consumer Confidence Flash APR
U.S. House Price Index MoM Feb
U.S. New Home Sales MoM Mar
U.S. New Home Sales MoM Mar
Wednesday, April 24
German Ifo business climate index
BoC interest rate decision
Thursday, April 25
BoJ Monetary Policy Statement
U.S. Durable Goods Orders MoM Mar
U.S. Initial Jobless Claims
Friday, April 26
U.S. GDP QoQ Q1
U.S. Real Consumer Spending Q1
U.S. Michigan Consumer Sentiment Apr
