Major Economic Data to Watch
U.S. Inflation
This week’s spotlight falls on the Core PCE Price Index m/m, a key inflation metric favored by the Federal Reserve. It is scheduled to be released by the Bureau of Economic Analysis on Friday, April 26 2024 at 4:30 PM, GMT+4 (Dubai Time). The market anticipates the rate to remain at 0.3%, signaling no inflationary pressures. However, should the actual figure surpass 0.4%, analysts expect to see a rise in the value of the U.S. Dollar.
PMI Data
On Tuesday, April 23, 2024, PMI data is scheduled for release in the Eurozone, the U.S., and the UK. Investors will be checking for any signs of sticky inflation, especially in the services sector.
BOJ Policy Rate
The Bank of Japan is set to release its Policy Rate on Friday, April 26, 2024. The market expects the BOJ to announce zero change to interest rates during its meeting. This expectation is based on multiple factors such as economic indicators and statements from BOJ officials.
Earnings to Watch this Week
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