The most important economic events this week will be the report on US employment for March, the situation in trade relations between the United States and China, a preliminary report on the eurozone’s inflation for March, as well as the reports on the UK PMI in manufacturing, construction, and service sectors.
Monday, April 2. In the USA, there will be published ISM Manufacturing PMI and US Construction Spending. In China, there will be released Caixin Manufacturing PMI. The Russian Federation will publish its PMI for March.
Tuesday, April 3. Russia is expected to release its GDP data for the fourth quarter. Besides, there will also be released the data on Manufacturing PMI in eurozone countries. If inflation pace remains high, that can encourage the European Central bank to quit its massive program of financial stimulus. In addition, investors will be interested in the meetings of the Russia’s, Turkey's and Iran’s presidents. The release of RBA interest rate decision is scheduled for 04.30 a.m. GMT on Tuesday. The day’s highlight will be the publication of the UK Manufacturing PMI for March.
Wednesday, April 4. API and EIA are to publish their weekly reports on the US crude oil inventories. Besides, there will be released the inflation rate in eurozone, Russia’s Service PMI and the report on the UK Construction PMI.
Thursday, April 5. The report on the UK Service Purchasing Managers Index will be released.
Friday, April 6. The USA will publish its report on the country's employment for March. In addition, the Fed’s CEO Jerome Powell is to deliver a speech the same day. He will review the economic outlook at the Economic Club of Chicago.