After a busy week on the economic data front, the upcoming week is some what quieter, in week that just passed there was some slightly weaker than expected U.S. non farm payroll data released on Friday which showed 192,000 jobs were added in March, a number that shows that U.S. economic recovery is on track but not as robust as some would like, a stronger gain was expected following the harsh winter weather which dented job growth at the beginning of the year. In Europe the lack of a strong recovery is prompting the ECB to contemplate adding in extra stimulus measures to try and stave of the the possible threat of deflation in the euro-zone region. The U.K. which has seen recent robust growth across all sectors see’s a slowdown in the rate of growth as the last set of PMI data dissapoints and finally in Canada there was a robust set of employment data.
The week ahead is much quieter on the data front but there will still be plenty of news to keep traders alert and on their toes. In the U.K. the monthly interest rate decision which is expected to show no change and Industrial production data for February and the headlines. In the U.S there is the FOMC meeting minutes on Wednesday and the University of Michigan consumer sentiment on Friday. The euro-zone has a quiet week but all attention will be on the news from the previous week where the ECB are looking at additional stimulus measures and any news or romours on this is likely to cause some volatility. In Asia there are some imprtant releases with Australian jobs data due on Thursday and economic data from China on Friday which is bound to draw attention.