Markets anticipate the ECB meeting minutes and Chinese PMI | Finance and Markets

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The main Wall Street indexes ended the last week with growth amid the returning optimism for progress in Sino-American trade talks. The stocks had strong performance during the whole first quarter, marking record rallies.

Dow Jones achieved a growth of 11.2% in Q1 2019, which is its best start of the year since 2013. Meanwhile, Nasdaq Composite marks its biggest quarterly increase in the first quarter since 2012, while S&P 500 appreciated by 13.1%, which is the highest quarterly increase since the third quarter of 2009.

Among the most important upcoming economics data in the first week of April are the UK and Chinese Purchasing Managers’ Index (PMI) in the industry for March, Eurozone inflation, the US retail sales in February, and others.

Upcoming economics data

On Monday, April 1, the day will begin with business climate data in Australia for March. Markets will track the Caixin Purchasing Managers’ Index (PMI) in the Chinese industrial sector in March. The consensus forecasts for analysts are to maintain the level of the previous month – 49.9 points. The PMI data will also be available for Russia, Spain, Italy, France, Germany, the Eurozone, the United Kingdom, and the United States. For the Eurozone, the data on inflation is expected in March. The projections are to keep inflation at 1.5%. In the US, retail sales in February are expected to accelerate to 0.3% growth, with a 0.2% rise in January.

On Tuesday, April 2, will have a meeting of the Reserve Bank of Australia with interest rates likely to be kept at 1.5%. Also, the local authorities will release that data on building permits for February. In the UK, will be published the PMI data in the construction sector for March with consensus forecast is for a slight increase on a monthly basis to 50 points. The Eurozone is not expecting a change in unemployment figures in February, and it will most likely remain at 7.8%.

On Wednesday, April 3, the markets will focus on the trade balance and retail sales in Australia for March. The data for the Purchasing Managers’ Index for the services sector in March will be published in China, Russia, Germany, the Eurozone, Spain, the UK, Brazil, and the United States. The markets will monitor retail sales in the Eurozone in February with expectations for a slowdown of the growth to 0.2% against the 1.3% reported in January. At the end of the day, the weekly crude oil inventories in the United States will also be released.

On Thursday, April 4, will be published the German factory orders with expectations for a modest increase of 0.1%, compared with a 2.6% decline recorded in January. Later, the European Central Bank will publish the report of its last meeting. In the United States, there will be data on the number of applications for unemployment claims.

On Friday, April 5, the investors will focus on Germany’s industrial production data in February. There will also be a series of labor market data in the US and Canada.

Upcoming corporate earnings reports

On Monday, April 1, the markets will focus on financial statements of Titan Pharmaceuticals, as well as Israeli conglomerate Delek Group.

On Tuesday, April 2, will be posted earnings reports of pharmacy retailer Walgreens Boots Alliance. Also during the day, the markets will expect the financial statements of Kingold Jewelry and NovaGold Resources.

On Wednesday, April 3, the markets will focus on financial statements of Landec Corporation, XPEL Technologies, and Ascendis Pharma.

On Thursday, April 4, will be published the earnings reports of Schnitzer Steel Industries, logistics company Stolt-Nielsen Limited, and winery company Constellation Brands.