The UK figures take centre stage economically this week with inflation figures and retail sales likely to concern markets and lawmakers most – they will give an indication as to the progress the UK economy is making out of covid.
Commodities that have exposure to Russia moved higher on concerns about the ongoing Russian military build up in Ukraine and the possible responses by NATO. Gold also saw a small rally as a safe haven.
The market also has one eye on the increasingly irritable relationships between China and Taiwan.
Failing US yields and a lesser fear of FED tapering has led to a lower US$ against the majors additionally the American central bank and government continue with the expansionist policies of “easy money “and thereby lower rates which undermines US$.
|
Date |
Country |
Figures |
Expected |
Previous |
|
April 20 |
UK |
Unemployment rate(3m) Feb |
5.1% |
5% |
|
|
Germany |
PPI (YoY) |
3.3% |
1.9% |
|
April 21 |
UK |
CPI (YoY) March |
0.8% |
0.4% |
|
|
UK |
RPI (YoY) March |
1.6% |
1.4% |
|
|
UK |
PPI Core (YoY) |
1.3% |
1.4% |
|
April 22 |
EU |
ECB Rate decision |
0% |
0% |
|
|
USA |
Initial Jobless Claims |
617k |
576k |
|
April 23 |
UK |
Retail sales (YoY) |
4.5% |
-1.1% |
|
|
UK |
PMI Services (Apr) |
59 |
56.3 |
|
|
EU |
PMI Services (Apr) |
49.1 |
49.6 |
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