Key Economic Events and Reports for the Week Ahead
There are no significant events in the economic calendar on Monday.
On Tuesday, the Conference Board's Consumer Optimism Report for March is due to gauge how quickly US consumer spending is recovering after a relatively weak February.
The key reports on Wednesday will be unemployment in Germany, the CPI of the Eurozone and an estimate of the growth in the number of jobs in the US in March from the ADP agency. Due to recent events, there is a growing risk that European data will indicate a slowdown in the economy. In addition, the EIA will publish a weekly oil inventories report. In the event of another increase, the fragile oil market could lose balance again, as the upward trend was severely undermined by the third wave of coronavirus and the associated deterioration in demand forecasts.
Next Thursday, investors will be trading reports such as Manufacturing PMIs in Germany, US, UK, as well as the weekly US Jobless Claims report. Weak production numbers will increase the risk of a prolonged correction in risk assets, however, the data is likely to meet expectations, as the leading trade data for March indicated strong dynamics in world trade.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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