Economic calendar: Slow start to a busy week

9:48 am 8 April 2024

  • European indices set for flat opening
  • Second-tier data from Europe
  • Rate decisions from RBNZ, BoC and ECB later this week

European index futures point to a more or less flat opening of today's cash session on the Old Continent. This comes after a rather upbeat trading during Asia-Pacific session, when majority of regional indices moved higher. Chinese equities traded lower, even in spite of People's Bank of China announcing a 500 billion yuan lending program for technology sector.

Economic calendar for today is very light. Investors were offered German industrial production report for February at 8:00 am BST, which turned out to be a positive surprise and triggered an uptick on EUR market. Traders will be offered Sentix index for euro area later today, but its a second-tier release and may be overlooked by the markets.

Things get more interesting later into the week with rate decisions from RBNZ, BoC and ECB, as well as released of US CPI inflation data and FOMC minutes.

9:30 am BST - Euro area, Sentix index for April. Expected: -8.5. Previous: -10.5

Key macro releases to watch in the later part of the week

Tuesday

  • 9:40 pm BST - API report on oil inventories

Wednesday

  • 3:00 am BST - RBNZ rate decision
  • 1:30 pm BST - US, CPI inflation for March
  • 2:45 pm BST - Bank of Canada rate decision
  • 3:30 pm BST - DOE report on oil inventories
  • 7:00 pm BST - FOMC minutes

Thursday

  • 1:15 pm BST - ECB rate decision
  • 1:30 pm BST - US, PPI inflation for March
  • 3:30 pm BST - EIA report on natural gas storage

Friday

  • 7:00 am BST - Germany, final CPI data for March
  • 7:00 am BST - UK, industrial production and monthly GDP report for February
  • 7:45 am BST - France, final CPI data for March
  • 8:00 am BST - Spain, final CPI data for March
  • 3:00 pm BST - US, University of Michigan data for April
  • Q1 2024 earnings from US banks

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