Data from the euro zone unemployment, the decision on interest rates in Poland and the publication of the minutes of the last meeting of the ECB, the some of the information that will flow to the market in the new week. Investors will be closely watched all of them.
Friday’s data on the US economy helped the indexes of Wall Street finish last session last week in the black. Particularly well received was the reading of the ISM index for the local industry, which amounted to 51.8 pts., Against the forecast of 50.2 points. Better-than-expected fared well as labor market data for March, but the last words of the head of the Fed, the market does not believe that US interest rates will quickly be raised.
The increases at the end of the week on Wall Street can Monday morning slightly improved sentiment among European investors. The stock market will not help to start the week on Asian markets. The red color can be seen on Monday in Japan, and the Shanghai Stock Exchange and Hong Kong does not work because of the Chinese Festival of the Dead.
On Monday, investors’ attention will certainly attract unemployment data in the euro zone. According to estimates, it will amount to 10.3 percent. In the afternoon, while the market will witness the publication of data on orders in the US industry. According to forecasts in February, orders for durable goods decreased by 2.8 percent, but given how positive surprise caused Friday’s data, order information can also fall out better than expected.
In the following days will also appear important data for the stock market. Tuesday will be published indexes PMI for the services sector in economies such as Germany, France, the UK and the USA. On this day, we will also provide information on import and export of the United States.
On Wednesday, one of the most important publication day will be MPC decision on interest rates. Changes in the cost of capital in Poland should not be expected. On Thursday, the market will flow data from the central bank. The ECB will publish the minutes of the last meeting, at which, among others, deposit rate was lowered to -0.4 percent. Down went the refinancing rate. At a press conference after the last meeting of the ECB Mario Draghi also he said that the end of the cycle of interest rate cuts.
the above text is an expression of personal opinion and the views of the author and should not be construed as a recommendation to buy or sell securities.
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