This week will be packed with events, especially in North America and in Europe. We’ll fill you in with the details below:
Event:Retail Sales (MoM, Mar) – United States
Date:April 14, 2014
Time:12:30pm (GMT)
What It Is About and Why It’s Important
US Retail Sales for March is expected to go up by 0.8%, compared to the previous month’s growth by 0.3%. Meanwhile, Retail Sales Ex Autos is also expected to go up by 0.4%, slightly higher than the previous month’s growth by 0.3%.
Event:CPI/Core CPI (MoM/YoY, Mar) – United Kingdom
Date:April 15, 2014
Time:8:30am (GMT)
What It Is About and Why It’s Important
The UK’s CPI is expected to continue to rise, but at a slightly lower level. A 1.6% growth is expected in the past 12 months (versus the previous 1.7%), while a 0.2% growth is seen compared to the previous month’s 0.5%. The 12-month Core CPI is currently at 1.7%.
Event:ZEW Survey - Economic Sentiment/Current Situation (Apr) – Germany
Date:April 15, 2014
Time:9:00am (GMT)
What It Is About and Why It’s Important
Economic Sentiment for April is expected to be slightly lower at 46.0 compared to the previous month’s 46.6. Meanwhile, the Current Situation is expected to be slightly higher at 52.0 compared to the previous 51.3.
Event:CPI/CPI Core/CPI Ex Food and Energy (Mar) – United States
Date:April 15, 2014
Time:12:30pm (GMT)
What It Is About and Why It’s Important
The US is set to release a number of CPI-related data for March, including the 12-month CPI trend, which is expected to be at 1.5%, while the CPI Ex Food and Energy for the past 12 months is expected to be at 1.6%.
Event:CPI (QoQ/YoY, Q1) – New Zealand
Date:April 15, 2014
Time:9:45/10:45pm (GMT)
What It Is About and Why It’s Important
Happening on Wednesday morning in New Zealand, the event is expected to show the country’s CPI having grown by 1.7% over the past 12 months, and by 0.5% compared to the previous quarter.
Event:GDP (QoQ/YoY, Q1) – China
Date:April 16, 2014
Time:2:00am (GMT)
What It Is About and Why It’s Important
China’s GDP is largely expected to grow at a slightly slower pace in Q1. The 12-month growth is seen to be at 7.3%, compared to the previous period’s 7.7%. Meanwhile, the growth compared to the previous quarter is seen to be at 1.4%, compared to the previous quarter’s 1.8%.
Event:CPI/CPI Core (MoM/YoY, Mar) – European Union
Date:April 16, 2014
Time:9:00am (GMT)
What It Is About and Why It’s Important
The EU’s CPI is expected to grow, but it could be a mixed bag as far the rate of growth is concerned. The Core CPI is seen to grow by 0.8% in the past 12 months, while the CPI is expected to grow by 1.0% compared to the previous month, and by 0.5% over the past 12 months.
Event:BoC Interest Rate Decision/Rate Statement/Monetary Policy Report – Canada
Date:April 16, 2014
Time:2:00/2:30pm (GMT)
What It Is About and Why It’s Important
The Bank of Canada is largely expected to keep rates at 1%. The monetary policy report is a must-watch.
Event:CPI Data (MoM/YoY, Mar) – Canada
Date:April 17, 2014
Time:12:30pm (GMT)
What It Is About and Why It’s Important
Canada will release a number of CPI-related data, including its 12-month CPI, and the BoC Core CPI. Meanwhile, the monthly CPI growth will be in focus as well, as the Core CPI is seen to grow by 0.3% compared to the previous month, and the CPI is expected to grow by 0.4% during the same period.
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