By FXEmpire.com
A quick look at this week’s upcoming economic reports
Asian Markets
On Monday, the ABS will announce building approvals data for February, while TD Securities and the Melbourne Institute will release their monthly inflation gauge for March.
Analysts are tipping the data to show approvals fell by 3 per cent in the month.
The Reserve Bank of Australia will again come under close scrutiny this week when it meets Tuesday to vote on the level of the official cash rate.
Investors will watch proceedings closely, but recent comments from the RBA suggest the bank is happy with the current cash rate level.
The central bank said in its financial stability report last week that global financial markets have stabilized since last year and local banks are in a good position to address any future turmoil.
Analysts are expecting the RBA to leave rates on hold at 4.25 per cent, which would be the third consecutive month the level has been left unchanged.
February retail trade data is due from the ABS on Tuesday, and experts are tipping the figures to show a 0.5 per cent rise in sales.
Wednesday brings February trade balance data from the ABS, while Commonwealth Bank of Australia and the Australian Industry Group will release their performance of services index for March.
In China, HSBC will release its March performance of manufacturing index for Services in China, which will captivate investors’ right across the globe.
On Friday, most western markets will be closed for the Good Friday public holiday.
Eurozone
In the United Kingdom, the March purchasing manager index for manufacturing is on tap.
The same release is due in Europe for the European Monetary Union.
EU unemployment rate data for February will also be released.
PMI construction data for March is awaited in the UK, along with the BRC shop price index for the month.
EU producer price index data is also due.
In the UK, the March purchasing manager index for services is expected to be released.
The European Central Bank will wrap up a busy day with a meeting to decide on the current level of interest rates in the currency bloc.
Industrial production data for February is due in the UK, along with manufacturing production data for the period.
NIESR will release its quarterly gross domestic product estimate for March.
Elsewhere, the Bank of England will meet to discuss the level of interest rates for March.
On Friday, most western markets will be closed for the Good Friday public holiday.
USA
Monday sees the release of the ISM manufacturing index for March in the US. The index is expected to have risen 1.1 points during the month to 53.5.
February construction spending data is also due.
Tuesday brings US car sales data for March, along with factory orders figures for February.
On Wednesday, the ADP employment report for March will be published in the US, alongside the ISM non-manufacturing index for the month.
The weekly Energy Information Administration petroleum status report will also be announced
In the US on Thursday, jobless claims data is awaited.
The March employment situation report is due in the US, along with consumer credit change data for February.
Economists expect the jobs data to show a 230,000 lift in private sector jobs for the month, with total non-farm payrolls lifting by 225,000, leaving the jobless rate unchanged at 8.3 per cent.
On Friday, most western markets will be closed for the Good Friday public holiday.
Originally posted here
