Madrid (EFE).- Next week, investor interest will focus on the publication of the Ifo business confidence index in Germany and on inflation data from several eurozone countries, as well as on house price data. In U.S.A.
Next week, the markets will still have the “hangover” from the measures of the central banks in monetary policy with their respective rises in interest rates to curb inflation, according to what Banco Big analyst José Luis Herrera told EFE, who has highlighted the importance of the publication of the Ifo business confidence survey in Germany, which will serve as a basis for making forecasts for the coming months.
Herrera has also reviewed the publication of the CPI in Europe, and home sales and consumer spending prices in the US, important information to see the evolution of the rise in inflation and that can shed more light on the possibility of a tightening of monetary policy.
In Europe, investor attention will focus on the Ifo business climate survey in Germany on Monday, while the German Gfk Consumer Confidence Indicator for April will be released on Wednesday, showing the impact of the banking crisis and measures taken by central banks on German consumer sentiment, according to Singular Bank analysts.
Between Thursday and Friday the 31st, the advanced inflation rates for March for various countries in the euro area will be published.
The drop in energy prices and the base effect could push the CPI down, although the rise in food or services prices recorded in recent months could continue, maintaining pressure on prices.
Likewise, retail sales for Spain and Germany will be published, as well as the unemployment rate in the euro area. In this way, investors will evaluate the evolution of economic activity, the price level and the labor market.
In the US, after the decision of the Federal Reserve (Fed) to raise interest rates by 25 basis points last Wednesday, investors will keep their attention on the publication on Tuesday of the Dallas Fed manufacturing index, which will show the evolution of this sector.
That same day, the US house price index will be published, and on Wednesday the pending housing index, and the International Energy Agency (IEA) oil inventories.
Fourth quarter GDP and new jobless claims, as well as real consumer spending, will be released in the US on Thursday.
Finally, on Friday there will be personal spending in the US, the Chicago PMI and the five-year inflation forecasts from the University of Michigan.
In the Asia-Pacific region, the main relevant indicators to be released next week will be China’s manufacturing PMI and current account balance.
On the other hand, in Japan the evolution of retail sales will be reported in February.