The last few trading sessions of the week were relatively subdued, but traders are preparing for increased volatility in the coming days. Key central bank rate updates are expected globally, along with numerous data releases that will keep traders alert. With global stock indices still at record levels, significant market movements are anticipated this week.
On the geopolitical front, Euro traders will be closely monitoring any updates from France regarding their upcoming snap election.
Here is our day-by-day breakdown of major risk events for the week:
The week starts quietly, with initial focus on Chinese markets and the release of several data points, including Industrial Production and Retail Sales. The European session is light on major events, but discussions about the French election will likely dominate. In the US session, the Empire State Manufacturing Index data is scheduled for release.
The focus shifts to Australian markets with the RBA’s latest rate decision. The London session remains quiet, but the New York open should see some early activity with the release of US Retail Sales numbers.
The quietest day of the week, featuring only one major data release: the UK CPI data early in the London session. US markets are on holiday, which should result in quieter trading conditions.
A busy day starts early in the Asian session with the Kiwi Quarterly GDP data, followed by key rate decisions from the People’s Bank of China. The European session features significant rate decisions from both the Bank of England and the Swiss National Bank. The New York session includes weekly unemployment claims, the Philly Fed Manufacturing Index, and Building Permits data.
The final trading day of the week includes a series of Flash Services and Manufacturing PMI releases from Australia, France, Germany, the UK, and the US. The UK also has Retail Sales data due, and the New York session will feature the latest update on Canada’s Retail Sales numbers.
