Today we have several data releases planned.
We’ll start with industrial production figures from Japan, followed by industrial production and GDP data from the United Kingdom.
Analysts expect a modest rise of 0.1% in UK GDP m/m, following a rise of 0.2% last month. ING analysts attribute March’s growth to a rebound in retail activity after a slow Christmas period. This could indicate a recovery from last year’s recession, but it remains to be seen whether this momentum will continue.
Market watchers will also keep an eye on remarks from MPC member Greene, who is expected to speak at a panel discussion titled “Why is the U.S. growing faster than Europe?” And should Europe change course? at the Delphi Economic Forum, Greece. This speech is unlikely to generate market movements, but it is worth monitoring for potential insights.
In the Eurozone, the focus will be on German, French and Spanish CPI data, alongside ECOFIN and Eurogroup meetings. Traders will also be watching for any comments from Japanese officials regarding the strength of the yen, which could stoke market volatility.
Later today we will have UoM consumer sentiment and UoM inflation expectations for the United States. FOMC members Bostic and Daly are also expected to deliver their remarks.
Have a great day and a profitable trading session.
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