The Main Events of Wednesday

Wednesday, April 4, promises to be full of news on Australia, the eurozone and the US. At the same time, the main drivers of the market will remain fears of a trade war.

At 04:30 – data on real estate in Australia:
– Permits for construction in Australia (m/m), the forecast is -0.5%, the previous value is 17.1%.
– The volume of retail sales in Australia (m/m), the forecast is 0.3%, the previous value is 0.1%.

At 04:45 – the index of business activity in the services sector (PMI) of China from Caixin, the forecast is 54.5, the previous value is 54.2.

At 11:30 – the index of business activity in the UK construction sector, the forecast is 50.8, the previous value is 51.4.

At 12:00 – preliminary data on inflation in the euro area:
– The basic consumer price index (CPI) in the euro area (y/y), the forecast is 1.1%, the previous value is 1.0%.
– Consumer price index (CPI) in the euro area (y/y), the forecast is 1.4%, the previous value is 1.1%.
– The unemployment rate in the euro area, the forecast is 8.5%, the previous value is 8.6%.

At 15:15 – the change in the number of employed in the non-agricultural sector of the US from ADP, the forecast is 210K, the previous value is 235K.

At 16:45 – the index of business activity (PMI) in the US services sector, the forecast is 54.3, the previous value is 54.1.

At 17:00 – data on the US:
– The volume of orders for durable goods in the US (m/m), the previous value is 3.1%.
– The volume of industrial orders in the US (m/m), the forecast is 1.7%, the previous value  is -1.4%.
– The index of employment in the non-manufacturing sector (ISM) of the United States, the previous value is 55.0.
– The index of business activity in the non-manufacturing sector (PMI) of the USA from ISM, the forecast is 59.2, the previous value is 59.5.

At 17:30 – data on oil reserves in the US:
– Reserves of crude oil in the US, the forecast is 1.667M, the previous value is 1.643M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is 1.804M.

At 17:45 – the composite index of business activity (PMI) in the US from Markit, the previous value is 54.3.

Hanzenko Anton