A strong week for the S&P 500 and weakness elsewhere mean this still leads the pack over the last month:
US markets appear to have largely shrugged off the ongoing impacts of the Iran war, which may add to the risks of a correction if tensions in the Middle East start to rise again.
Here's what we can look forward to next week:
Economic Calendar
Monday 27 Apr |
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07:00 |
Germany |
GFK Consumer Confidence |
Tuesday 28 Apr |
||
04:00 |
Japan |
BoJ Interest Rate |
15:00 |
United States |
Consumer Confidence |
21:30 |
United States |
API Crude Stocks |
Wednesday 29 Apr |
||
10:00 |
Euro Area |
Economic Sentiment |
12:00 |
United States |
MBA Mortgage Rate |
13:00 |
Germany |
Inflation |
13:00 |
United States |
Building Permits Housing Starts |
15:30 |
United States |
Crude Oil Inventories |
19:00 |
United States |
Fed Interest Rate |
Thursday 30 Apr |
||
02:30 |
China |
Manufacturing PMI |
06:00 |
Japan |
Consumer Confidence |
07:00 |
UK |
Nationwide House Price Index |
09:00 |
Germany |
GDP |
10:00 |
Euro Area |
GDP Inflation Unemployment |
12:00 |
UK |
BoE Interest Rate |
13:15 |
Euro Area |
ECB Interest Rate |
13:30 |
United States |
Continuing Claims Initial Jobless Claims Personal Consumption Personal Income |
13:45 |
Euro Area |
ECB Press Conference |
Friday 1 May |
||
09:30 |
UK |
Consumer Credit Mortgage Approvals |
Interest Rates
It is a big week for interest rates with the BoJ, Fed, ECB and Bank of England all publishing their decisions within a few days. The BoJ kick us off on Tuesday, with the Fed announcing on Wednesday evening, the BoE at midday on Thursday and the ECB shortly afterwards.
The consensus is for all four central banks to hold rates steady. However, the inflationary spike caused by the Iran war is complicating matters, and this may be the first real chance we get to see how these events are shaping monetary policies. All central banks, apart from…
