As markets brace for another week of economic insights, here’s a breakdown of the notable data releases expected across various regions:
Asia
Tuesday:
- China will unveil its April foreign exchange reserves.
- South Korea will release foreign exchange reserves data for April.
- Japan will report the final April Services Purchasing Managers’ Index (PMI) from Jibun Bank.
- Australia will announce March retail sales, with the Reserve Bank of Australia convening for its monetary policy meeting to announce the interest rate decision.
Thursday:
- South Korea will disclose its March current account balance.
- China will report April imports, exports, and trade balance figures.
Friday:
- Japan will release March household spending and current account balance data.
- China will announce the April Consumer Price Index (CPI), April Producer Price Index (PPI), and April yuan-denominated lending.
Europe
Tuesday:
- Germany will report March imports, exports, and trade balance data.
- The UK will unveil the April house price index from Halifax, while the EU will report March retail sales figures.
Wednesday:
- Germany will announce March industrial production statistics.
Thursday:
- The Bank of England (BOE) will announce its interest rate decision.
Friday:
- The UK will release preliminary estimates of 1Q2024 gross domestic product (GDP), March industrial production figures, and March trade balance data.
United States
Wednesday:
- The US will report March wholesale inventories and weekly oil stocks from the US Energy Information Administration (EIA).
Thursday:
- The US will disclose the number of weekly jobless claims.
Friday:
- The US will release the May Preliminary Consumer Confidence Index from the University of Michigan.
As investors and analysts alike closely monitor these releases, market reactions are anticipated to provide valuable insights into economic trends and potential policy directions across the globe. Stay tuned for updates on these critical indicators shaping the economic landscape.