Highlights
Before the European and US markets open, the Reserve Bank of Australia will announce its policy decision at 1430 AEST (0430 GMT/0030 EDT) Tuesday. The bank is widely expected to leave its policy rate at 4.35 percent for a fourth straight meeting after raising it by 25 basis points to 4.35 percent in November and having left rates on hold at its previous four meetings. In March, the RBA said its policy board expects it will take some time before inflation is sustainably in the target range of 2 to 3 percent.
Switzerland's seasonally adjusted unemployment rate is expected to be unchanged at 2.3 percent in April after edging up to the above-consensus level in March from 2.2 percent in February.
German Manufacturing orders are expected to rise a monthly 0.2 percent in March to match February's lower-than-expected pace.
The UK Halifax house price index is seen staging a partial rebound with a 0.2 percent monthly rise in April after having surprisingly fallen, by 1.0 percent, in March.
In Taiwan, consumer inflation is forecast at 2.10 percent on year in April, slowing slightly from 2.14 percent in March (two forecasts).
The UK construction sector purchasing managers index (PMI) is expected to rise from 50.2 in March to 51.1 in April.
Eurozone retail sales volumes in March are expected to rise 0.7 percent on the month and fall 0.3 percent on the year after February's poor showing, declines of 0.5 percent on the month and 0.7 percent on the year.
US consumer credit is expected to expand $15.5 billion in March versus an increase of $14.1 billion in February.
Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a moderated conversation on the economic overview before the Milken Institute 2024 Global Conference at 11:30 a.m. EDT (1530 GMT).
Switzerland's seasonally adjusted unemployment rate is expected to be unchanged at 2.3 percent in April after edging up to the above-consensus level in March from 2.2 percent in February.
German Manufacturing orders are expected to rise a monthly 0.2 percent in March to match February's lower-than-expected pace.
The UK Halifax house price index is seen staging a partial rebound with a 0.2 percent monthly rise in April after having surprisingly fallen, by 1.0 percent, in March.
In Taiwan, consumer inflation is forecast at 2.10 percent on year in April, slowing slightly from 2.14 percent in March (two forecasts).
The UK construction sector purchasing managers index (PMI) is expected to rise from 50.2 in March to 51.1 in April.
Eurozone retail sales volumes in March are expected to rise 0.7 percent on the month and fall 0.3 percent on the year after February's poor showing, declines of 0.5 percent on the month and 0.7 percent on the year.
US consumer credit is expected to expand $15.5 billion in March versus an increase of $14.1 billion in February.
Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a moderated conversation on the economic overview before the Milken Institute 2024 Global Conference at 11:30 a.m. EDT (1530 GMT).
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.
