April 14 – April 19, 2024 Economic report and policy meetings
April 14
Japan: Machinery Orders (YoY) – February
New Zealand: Services NZ PSI - March
April 15
Brazil: Brazilian Central Bank (BCB) Focus Market Readout
China: House Price Index (YoY) – March, GDP Growth Rate (YoY) – 1st Qtr., Fixed Asset Investment YTD (YoY) – March, GDP Growth Rate (QoQ) – 1st Qtr., Industrial Production (YoY) – March, Retail Sales (YoY) – March, Unemployment Rate – March
Euro-Zone: Industrial Production (YoY) - February
India: Balance of Trade – March
Indonesia: Balance of Trade – March
U.K.: Employment Change – February, Unemployment Rate – February, Average Earnings including Bonus (3 Mo/Yr.) – February, Claimant Count Change – March
U.S.: Retail Sales (MoM) - March, Retail Sales Excluding Autos (MoM) – March, Retail Sales Excluding Gas/Autos (MoM) – March, Business Inventories (MoM) – February, National Association of Home Builders (NAHB) Housing Market Index – April
The Census Bureau reports its advance estimate of retail and food service sales for March. Consensus estimate is for retail sales to increase 0.4% month over month to $704 billion, after a 0.6% gain in February. Excluding autos, sales are expected to rise 0.3%, two-tenths of a percentage point less than previously.
April 16
Australia: Westpac Leading (Economic) Index (MoM) - March
Canada: Core Inflation Rate (MoM) – March, Core Inflation Rate (YoY) – March, Inflation Rate (YoY) – March, Inflation Rate (MoM) - March
Euro-Zone: ZEW Economic Sentiment Index – April, Balance of Trade – February, Germany: ZEW Economic Sentiment Index – April, ZEW Current Conditions – April, Italy: Inflation Rate (YoY) Final – March, Balance of Trade – February
Japan: Reuters Tankan Index – April, Balance of Trade – March
New Zealand: Inflation Rate (YoY) – 1st Qtr., Inflation Rate (QoQ) – 1st Qtr.
U.K.: Core Inflation Rate (YoY) – March, Inflation Rate (YoY) – March, Inflation Rate (MoM) – March
U.S.: Building Permits Preliminary - May, Building Permits (MoM) Preliminary – March, Housing Starts (MoM), Industrial Production (MoM)- March, Industrial Production (YoY) – March
April 17
Australia: Employment Change – March, Unemployment Rate – March, Full Time Employment Change - March
Brazil: Business Confidence - April
China: Foreign Direct Investment (FDI) YTD (YoY) - March
Euro-Zone: Core Inflation Rate (YoY) Final – March, Inflation Rate (MoM) Final – March, Inflation Rate (YoY) Final – March
Japan: Foreign Bond Investment – April 13
Netherlands: Unemployment Rate - March
South Africa: Inflation Rate (MoM) – March, Inflation Rate (YoY) – March
Switzerland: Balance of Trade – March
U.S.: Federal Reserve Beige Book, Net Long-term Treasury International Capital (TIC) Flows – February, MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (April 12), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (April 12), Department of Energy (DOE) U.S. Crude Oil Inventories (April 12), DOE Cushing OK Crude Inventory (April 12), DOE U.S. Gasoline Inventories (April 12), DOE U.S. Distillate Inventory (April 12), DOE U.S. Refinery Utilization (April 12), DOE Crude Oil Implied Demand
April 18
Euro-Zone: New Car Registrations (YoY) – March, France: Business Confidence – April
Japan: Inflation Rate (YoY) – March, Core Inflation Rate (YoY) – March, Inflation Rate Excluding Good and Energy (YoY) – March, Tertiary Industry Index (MoM) - February
U.K.: Retail Sales Excluding Fuel (YoY) – March, Retail Sales (YoY) – March
U.S.: Continuing Jobless Claims – April 6, Initial Jobless Claims – April 13, Philadelphia Federal Reserve Manufacturing Index – April, Conference Board Leading (Economic) Index (MoM) – March, Existing Home Sales (MoM) - March
April 19
Euro-Zone: Spain: Balance of Trade – February, Consumer Confidence - March
India: Monetary Policy Meeting Minutes
U.K.: Bank of England Ramsden Speech
U.S.: Baker Hughes U.S. Rig Count – April 19
Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.
Contact Comerica Foreign Exchange
800.746.6439
248.371.6808
800.318.9062
562.951.2450
800.736.6734
214.890.4341
416.367.4438
This is not a complete analysis of every material fact regarding any company, industry or security. The information and materials herein have been obtained from sources we consider to be reliable, but Comerica Capital Markets does not warrant, or guarantee, its completeness or accuracy. Materials prepared by Comerica Capital Markets personnel are based on public information. Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of Comerica Capital Markets, including investment banking personnel.
The views expressed are those of the author at the time of writing and are subject to change without notice. We do not assume any liability for losses that may result from the reliance by any person upon any such information or opinions. This material has been distributed for general educational/informational purposes only and should not be considered as investment advice or a recommendation for any particular security, strategy or investment product, or as personalized investment advice.