Events to Look Out for Next Week

• Event of the Week – Monetary Policy Statement (JPY, GMT 03:00) – The Bank of Japan’s new chief Kazuo Ueda will not start unwinding its ultra-easy policy at April 27-28 meeting, nearly 90 per cent of economists polled by Reuters said, as the chance of a surprise tweak at his first rate-review subsided. No surprises (yet) from the BOJ rates to remain -0.1%.
• German Consumer Price Index (prelim) (EUR, GMT 10:00) – German HICP inflation was confirmed at 7.8% y/y, as expected. The sharp deceleration from the 9.3% y/y rate in February was mainly due to lower energy prices and the fact that base effects from the initial impact of the Ukraine war on prices fell out of the equation. The Preliminary release is the Eurozone’s earliest major consumer inflation. One to watch.
• Core PCE Price Index (EUR, GMT 12:30) – U.S. personal income increased 0.3% in February and consumption rose 0.2%. Those follow a 0.6% gain in January income and a 2.0% surge in spending. December income was up 0.3% and consumption was unchanged. Compensation increased 0.3% in February after climbing 0.9% previously. The Core PCE Price Index is expected to remain unchanged at 0.3% and the Employment cost index to tick higher to 1.1% from 1.0%.

Click here to access our Economic Calendar

Stuart Cowell

Head Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.