This week, various countries around the world are expected to release their latest economic indicators, providing insight into the health of their respective economies. These releases will be closely watched by investors and analysts alike, as they try to gauge the impact of ongoing global events on the economy.
In Asia, on Monday, the People’s Bank of China is expected to announce the Prime Customer Loan Rate (LPR), while South Korea will release its Producer Price Index (PPI) for February. On Tuesday, the Reserve Bank of Australia will release minutes from its latest meeting, while the European Union will release February car sales and the March economic sentiment index from the ZEW Institute. Also on Tuesday, Germany is expected to report its March economic sentiment index from the ZEW Institute.
Moving to Wednesday, the UK will report its February inflation rate, and on Thursday, the Bank of England (BOE) will announce its interest rate resolution. In the United States, February used home sales are expected to be reported on Tuesday, while on Wednesday, the U.S. Energy Information Administration (EIA) and the Federal Reserve (Fed) will release their weekly oil stockpiles and monetary policy meeting and interest rate decision, respectively. On Thursday, the United States is expected to report weekly jobless claims, the 4Q 2022 current account balance, February Nationwide Economic Activity Index from the Chicago Fed, and February new home sales.
These releases are expected to provide important information on the state of various economies around the world, including key indicators such as inflation, interest rates, and consumer spending.