Today is shaping up to be one of the most important sessions of the week for global financial markets in terms of macroeconomic data releases. Investors’ attention will be strongly focused on the preliminary PMI readings, which are among the most important leading indicators of economic activity. The PMI reflects current sentiment in both the manufacturing and services sectors, based on surveys of purchasing and logistics managers, making it a fast and reliable signal of changes in economic momentum well before hard data such as GDP or industrial production are released. The key interpretative threshold remains the 50-point level, which separates expansion from contraction. As a result, any readings above or below this level can have a meaningful impact on market expectations regarding economic growth and monetary policy outlook.
Macroeconomic calendar for today
- 01:00 Australia : Manufacturing PMI (flash) : April : current 51 (forecast 49.8) : (previous 49.8)
- 01:00 Australia : Services PMI (flash) : April : current 50.3 (forecast 46.3) : (previous 46.3)
- 02:30 Japan : Manufacturing PMI (flash) : April : current 54.9 (forecast 51.2) : (previous 51.6)
- 08:00 Norway : Unemployment rate (s.a.) : March : 4.9%
- 08:45 France : Business confidence index : April : (forecast 98) : (previous 99)
- 09:15 France : Manufacturing PMI (flash) : April : (forecast 49.5) : (previous 50)
- 09:15 France : Services PMI (flash) : April : (forecast 48.5) : (previous 48.8)
- 09:30 Poland : Consumer sentiment : April
- Current consumer confidence index : -12.2
- Leading consumer confidence index : -9.5
- 09:30 Poland : Retail sales : March
- Retail sales (m/m) : -5.6%
- Retail sales (y/y) : (forecast 6.2%) : (previous 4.3%)
- Retail sales at constant prices (y/y) : (forecast 5.9%) : (previous 5%)
- 09:30 Germany : Manufacturing PMI (flash) : April : (forecast 51.3) : (previous 52.2)
- 09:30 Germany : Services PMI (flash) : April : (forecast 50.4) : (previous 50.9)
- 10:00 Euro Area : Manufacturing PMI (flash) : April : (forecast 50.7) : (previous 51.6)
- 10:00 Euro Area : Services PMI (flash) : April : (forecast 49.8) : (previous 50.2)
- 10:30 United Kingdom : Manufacturing PMI (flash) : April : (forecast 49.9) : (previous 51)
- 10:30 United Kingdom : Services PMI (flash) : April : (forecast 50) : (previous 50.5)
- 12:00 United Kingdom : CBI Industrial Trends Orders : April : (forecast -33) : (previous -27)
- 14:00 Poland : Money supply M3 (y/y) : March : 10.7% : (previous 10.6%)
- 14:30 Canada : Producer price inflation : March
- PPI (m/m) : 1.9% : (previous 0.4%)
- PPI (y/y) : 5.4%
- 14:30 USA : Initial jobless claims : weekly : 210k : (previous 207k)
- 15:45 USA : Manufacturing PMI (flash) : April : (forecast 52.5) : (previous 52.3)
- 15:45 USA : Services PMI (flash) : April : (forecast 50.1) : (previous 49.8)
- 16:30 USA : Weekly natural gas storage change : weekly : 96 Bcf : (previous 59 Bcf)
- 17:00 USA : Kansas City Fed manufacturing index : April : 11
- 17:00 Germany : Public speech by Bundesbank President Joachim Nagel
➡️EURUSD Amid European Stagflation and Geopolitical Shock
Economic calendar: Central bankers speeches and Tesla earnings in focus
Morning wrap 🗽Indices on Wall Street continue to rise as US–Iran ceasefire is extended (22.04.2026)
BREAKING: U.S. sales above expectations!
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
