Highlights
Italian industrial production in February is expected to rise 0.5 percent on the month following an unexpectedly weak 1.2 percent decline in January.
At 8:15 a.m. EDT (1415 CET/1215 GMT), the European Central Bank will release its monetary policy decision. The ECB is widely expected to leave the refi rate at 4.50 percent and the deposit rate at 4.00 percent but also likely to lay the groundwork for a 25-basis point cut in key interest rates in June.
ECB President Christine Lagarde will hold a post-meeting news conference at 8:45 a.m. EDT (1445 CET/1345 GMT).
US new jobless claims for the March 28 week are expected to come in at 215,000 versus 221,000 in the prior week.
Producer prices in March are expected to rise 0.3 percent on the month versus a 0.6 percent rise in February. The annual rate in March is seen at 2.3 percent, up from February's 1.6 percent which, like the monthly rate, was higher than expected. Excluding food and energy, the PPI is seen up 0.2 percent on the month and up 2.3 percent on the year.
New York Federal Reserve Bank President John Williams will speak before the Federal Home Loan Bank of New York 2024 Member Symposium at 8:45 a.m. EDT (1245 GMT).
Boston Federal Reserve Bank President Susan Collins will speak on the economy before an Economic Club of New York hybrid event at 12 p.m. EDT (1600 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a moderated conversation on"Leadership in Financial Services" before the Urban Financial Services Coalition 50th Anniversary Celebration hosted by the Federal Reserve Bank of Kansas City at 1:30 p.m. EDT (1730 GMT).
The Bank of Korea is expected to stand pat, leaving the policy rate at a restrictive level of 3.50 percent for a 10th straight meeting. It last raised the Base Rate by 25 basis points to the current level in January 2023.
At 8:15 a.m. EDT (1415 CET/1215 GMT), the European Central Bank will release its monetary policy decision. The ECB is widely expected to leave the refi rate at 4.50 percent and the deposit rate at 4.00 percent but also likely to lay the groundwork for a 25-basis point cut in key interest rates in June.
ECB President Christine Lagarde will hold a post-meeting news conference at 8:45 a.m. EDT (1445 CET/1345 GMT).
US new jobless claims for the March 28 week are expected to come in at 215,000 versus 221,000 in the prior week.
Producer prices in March are expected to rise 0.3 percent on the month versus a 0.6 percent rise in February. The annual rate in March is seen at 2.3 percent, up from February's 1.6 percent which, like the monthly rate, was higher than expected. Excluding food and energy, the PPI is seen up 0.2 percent on the month and up 2.3 percent on the year.
New York Federal Reserve Bank President John Williams will speak before the Federal Home Loan Bank of New York 2024 Member Symposium at 8:45 a.m. EDT (1245 GMT).
Boston Federal Reserve Bank President Susan Collins will speak on the economy before an Economic Club of New York hybrid event at 12 p.m. EDT (1600 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a moderated conversation on"Leadership in Financial Services" before the Urban Financial Services Coalition 50th Anniversary Celebration hosted by the Federal Reserve Bank of Kansas City at 1:30 p.m. EDT (1730 GMT).
The Bank of Korea is expected to stand pat, leaving the policy rate at a restrictive level of 3.50 percent for a 10th straight meeting. It last raised the Base Rate by 25 basis points to the current level in January 2023.
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.
