Highlights
In the UK, consumer prices are expected to increase 0.5 percent on the month in March for a 9.8 year-over-year rate. Respective rates in February, which were much higher than expected, were plus 1.1 and 10.4 percent.
Housing starts in Canada are expected to hold steady at 243,500 annualized units in March versus 243,959 in February.
New York Federal Reserve Bank President John Williams will speak before the Money Marketeers of New York University at 7 p.m. EDT (2300 GMT)
In New Zealand, consumer prices are forecast to rise a quarterly 1.5 percent in the first quarter for a year-over-year rate of plus 7.1 percent. These would compare with respective fourth-quarter rates of 1.4 and 7.2 percent.
Japanese exports are forecast to show slower year-over-year growth of 2.4 percent in March amid weaker global demand after a 6.5 percent rise in February while imports are seen rising 12.1 percent versus 8.3 percent. That would result in a 20th straight monthly trade deficit, of ¥1,298.9 billion (¥1.30 trillion) in March, following a deficit of a revised ¥898.1 billion in February and a record shortfall of ¥3,506.43 billion (¥3.51 trillion) in January.
On the month, real exports are expected to post a decline in March as last year's aggressive credit tightening by major central banks are slowing demand in the US and Europe. The focus is on whether China's reopening demand is supporting Japanese exports at a time when the global semiconductor market is softening.
The People's Bank of China is expected to maintain its loan price rate, at 3.65 percent for the 1-year rate and 4.30 percent for the 5-year.
Housing starts in Canada are expected to hold steady at 243,500 annualized units in March versus 243,959 in February.
New York Federal Reserve Bank President John Williams will speak before the Money Marketeers of New York University at 7 p.m. EDT (2300 GMT)
In New Zealand, consumer prices are forecast to rise a quarterly 1.5 percent in the first quarter for a year-over-year rate of plus 7.1 percent. These would compare with respective fourth-quarter rates of 1.4 and 7.2 percent.
Japanese exports are forecast to show slower year-over-year growth of 2.4 percent in March amid weaker global demand after a 6.5 percent rise in February while imports are seen rising 12.1 percent versus 8.3 percent. That would result in a 20th straight monthly trade deficit, of ¥1,298.9 billion (¥1.30 trillion) in March, following a deficit of a revised ¥898.1 billion in February and a record shortfall of ¥3,506.43 billion (¥3.51 trillion) in January.
On the month, real exports are expected to post a decline in March as last year's aggressive credit tightening by major central banks are slowing demand in the US and Europe. The focus is on whether China's reopening demand is supporting Japanese exports at a time when the global semiconductor market is softening.
The People's Bank of China is expected to maintain its loan price rate, at 3.65 percent for the 1-year rate and 4.30 percent for the 5-year.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
