Last week was a shortened trading week, with all major markets closed for the Easter holiday and Markets in Australia, New Zealand, the U.K. and the euro zone will remained on closed on Monday for Easter Monday. Concerns over the crisis in eastern Ukraine eased on Thursday following agreement between Russia, Ukraine, the U.S. and the European Union to take all possible steps to “de-escalate”. In the U.S. the dollar gained a boost following the release of better than expected U.S. manufacturing and employment data which gave some confidence in the strength of the underlying economy. In the U.K. the Pound soared on news that the unemployment rate had dropped to 6.9% far better than any estimates and raises the prospect of interest rates being raised sooner than had been previously expected. For the week ahead investors will be focusing on some important data which is due out from around the major markets of particular note a will be the U.S housing data, Chinese manufacturing data and retail sales from the U.K.
Monday, April 21
Australian, New Zealand, the U.K. and the euro zone markets closed for Easter Monday. Japanese trade balance.
Tuesday, April 22
Australian leading economic indicators index. Canadian wholesale sales. U.S. private sector data on existing home sales.
Wednesday, April 23
Australian consumer price inflation. HSBC Chinese preliminary estimate of the manufacturing index. Euro zone preliminary data on manufacturing and service sector activity, with reports from Germany and France. U.K. public sector borrowing, Bank of England minutes from its April meeting as well as industrial order expectations. Canadian retail sales U.S. new home sales and manufacturing activity.
Thursday, April 24
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish its rate statement. German Ifo report on business climate. ECB President Mario Draghi is to speak at an event in Amsterdam. The U.S. durable goods orders, weekly initial jobless claims.
Friday, April 25
Markets in Australia and New Zealand will be closed for the Anzac Day holiday. Japanese consumer inflation. The U.K. retail sales. The U.S. consumer sentiment index.