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Economic calendar (GMT0):
00:30 Australia MI Inflation Gauge, m/m April +0.2% +0.4%
00:30 Australia MI Inflation Gauge, y/y April +2.7% +2.8%
01:30 Australia Building Permits, m/m March -5.4% Revised From -5.0% +1.7% -3.5%
01:30 Australia Building Permits, y/y March +23.2% +20.0%
01:30 Australia ANZ Job Advertisements (MoM) April +1.4% +2.2%
01:45 China HSBC Manufacturing PMI (Finally) April 48.3 48.4 48.1
08:30 Eurozone Sentix Investor Confidence March 14.1 14.2 12.8
09:00 Eurozone Producer Price Index, MoM March -0.2% -0.2% -0.2%
09:00 Eurozone Producer Price Index (YoY) March -1.7% -1.8% -1.6%
09:00 Eurozone European Commission Economic Growth Forecasts
09:00 Eurozone Eurogroup Meetings
The euro traded little changed against the U.S. dollar. Eurozone’s investor confidence released by Sentix declined to 12.8 in March from 14.1 in February. Analysts forecasted an increase to 14.2.
The European Commission released economic forecasts today. The gross domestic product (GDP) will increase 1.6% in the EU and 1.2% in the Eurozone in 2014, climbing to 2.0% and 1.7% respectively in 2015. The inflation in the Eurozone will remain low: 0.8% in 2014 and 1.2% in 2015.
The European Commission predicted the decline of unemployment rate. The unemployment rate will be 11.8% in 2014 and 11.4% in 2015.
The Commission’s forecasts show government debt in the Eurozone will climb to 96% of GDP in 2014, declining to 95.4% of GDP in 2015 (2008: 70.2% of GDP).
The European Commission warned that the low level of inflation and geopolitical tensions with Russia could have a negative impact on economic recovery.
The U.S. dollar traded mixed against the most major currencies ahead of the publication of ISM non-manufacturing PMI in the USA. Analysts expect that ISM non-manufacturing PMI should climb to 54.3 in April from 53.1 in March.
The British pound declined against the U.S. dollar. Markets in London are closed for a public holiday.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair decreased to 1.6852
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
13:45 U.S. Services PMI (Finally) April 54.2 54.2
14:00 U.S. ISM Non-Manufacturing April 53.1 54.3
|remaining time till the new event being published|
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