Monday: March Monetary Base data will see light in Japan, currently indicating a 29% annual growth rate. In Spain, March Unemployment data will see light. February’s Factory Orders data will be released in the US, followed by the final estimate for February’s Durable Goods Orders.
Tuesday: February Factory Orders data will be released in Germany. In the US, February’s Trade Balance data will see light, with analysts expecting a deepening of the deficit to USD 46.2 bln. In Russian, March Consumer Price Index data will see light, with analysts expecting annual inflation to moderate to 7.5%.
Wednesday: February’s Industrial Production data will be released in Germany, with analysts seeing the annual gain moderate to a mere 0.4% from its current 2.2%. The weekly MBA Mortgage Applications will see light in the US. The Fed will also release minutes from its March meeting.
Thursday: The Bank of Japan’s Kuroda is scheduled to speak at the bank’s Branch Managers’ Meeting. The weekly Initial Jobless Claims will see light in the US. April’s Gold and Forex Reserves data will be released in Russia.
Friday: February Balance of Payments data will see light in Japan. In France, February’s Industrial Production data will be released, with analysts expecting a rather steady 2.1% annual gain. In the UK, alternatively, analysts are less optimistic, seeing moderation from 0.2% annually, to 0.0%. March Consumer Price Index data will also be released in Greece, where annual deflation currently stands at -0.5%. February’s Wholesale Inventories data will be released in the US. A discussion is scheduled in New York with former Fed Governors Bernanke and Greenspan and the current, Yellen.
