FOMC statement highlights: Rates left unchanged no change to QE
28 Apr 21 (Wed)
Keep your eyes on the Fed Monetary Policy Meeting today. The Federal Reserve is expected to leave its benchmark interest rate unchanged. The meeting will give markets new guidance about monetary po...
EIA US weekly oil inventories +90K vs -450K expected
Crude oil stocks today to be published in the U.S and it is expected to increase by 0.659M this week. If we look at last week data; oil stocks rose by 0.594M barrels. It will be important for oil p...
1. Canada Retail Sales Data
The Canada Retail Sales are expected to come out at 4.0% m/m in February, while core retail sales are expected to rise to 3.7%.
27 Apr 21 (Tue)
- OPEC+ Ministers will not meet on Wednesday as previously scheduled
- Next meeting will be held in early June to discuss potential adjustments t...
1. US CB Consumer Confidence
The data measures the level of consumer confidence in economic activity. It is expected to an outcome of 113.0. A higher than expected readin...
US March prelim durable goods orders +0.5% vs +2.5% expected
26 Apr 21 (Mon)
Expects GDP growth of 3.6% in 2022
German government believes that better-than-expected growth dynamics in Q4 justify the upward revisions
Germany April Ifo business climate index 96.8 vs 97.8 expected
Last week, ECB leaves key rates unchanged in April monetary policy meeting, as expected. ECB said significantly faster pace of PEPP bond-buying during the first months of the year.
23 Apr 21 (Fri)
US Markit: the service sector is growing at the fastest rate recorded in almost 12 years of survey history, and manufacturers reported one of the strongest expansions seen over the past seven years
1.Manufacturing PMI Numbers
Focus on a report on activity in the manufacturing sector.
German Manufacturing PMI will be announced and it is expected to come out...
Pandemic continues to constrain activity
Near-term outlook remains clouded by uncertainty
Vaccine underpins expectation of a 'firm' rebound in economic activity
22 Apr 21 (Thu)
- Near term outlook is clouded
- Persistently high rates of Covid and associated containment measures continue to constrain activity in the near term
US initial jobless claims 547K versus 610K estimate
ECB: Continue PEPP bond purchases until at least the end of March 2022.
ECB: Significantly faster pace of PEPP bond buying during the first months of the year
ECB WILL KEEP PROVIDING AMPLE LIQUIDITY IN REFINANCING, TLTROS
ECB leaves key rates unchanged in April monetary policy meeting, as expected
1. ECB Interest Rate Decision (Apr)
The European Central Bank will announce its rate decision and forward guidance today. All eyes will be on ECB head Christine Lagarde a...
Crude +594K, Exp.-3.550MM
Production 11.0MMb/d, unch
21 Apr 21 (Wed)