This week’s important events include the RBA’s interest rate decision, US producer price index and the meeting of the EU finance ministers.
Major Events on the Economic Calendar
- The UK releases the PMI Construction for March on April 6.
- The Reserve Bank of Australia releases its interest rate decision on April 7.
- The US updates its Producer Price Index (PPI) on April 9.
- The US releases Core CPI on April 10.
April 6. Xbox Series X Presentation
Microsoft may present the whole lineup of Xbox Series X consoles at once, which might positively affect the company’s shares. However, the release can be delayed due to the COVID-19 pandemic.
April 7. The EU to Discuss “Coronabonds”
The EU finance ministers, the managing director of the IMF Christine Lagarde and the head of the European Commission Ursula von der Leyen will meet to discuss the project of issuing new eurobonds. So-called “coronabonds” will help share out risks among all EU members.
Germany has been against such approach for a long time, but the global crisis makes countries act anew.
April 9. Good Friday
Christians of the world celebrate Good Friday on this day, so trading volatility can be lower.