This week, investors will be watching whether markets can hold recent gains as optimism around Iran peace talks builds. With US equities hitting record highs, attention is shifting toward corporate earnings and key economic data, particularly around consumer spending and business activity.
As usual, this information comes to us from the experts at CommSec.
Monday April 20
China Loan Prime Rates (LPRs)
China’s benchmark lending rate remains at 3.45%, with no change expected as policymakers balance growth and stability.
Tuesday April 21
US Retail Sales (March)
Spending is tipped to rise 1.2% month-on-month, offering a strong read on consumer demand.
US Pending Home Sales (March)
Sales rose 1.8% in February, with housing activity showing signs of stabilisation.
Wednesday April 22
Westpac Leading Index (March)
The index fell 0.1% in February, pointing to softer near-term economic momentum in Australia.
US Federal Reserve Chair-Designate Kevin Warsh speaks
Testimony before a Senate committee will be closely watched for views on growth, inflation and interest rates.
Thursday April 23
Purchasing Managers’ Index (April)
Australia’s composite PMI was 46.6 previously, indicating contraction in business activity.
US Initial Jobless Claims
Weekly claims came in at 219,000 in the prior week, providing a timely read on labour conditions.
US Purchasing Managers’ Index (April)
The US PMI was 50.3 in March, hovering around the expansion threshold.
Friday April 24
University of Michigan Consumer Sentiment (April)
Sentiment was 47.6 in March, highlighting cautious consumer attitudes.
US Federal Reserve Monetary Policy Report
The report may provide further insight into the central bank’s outlook for the economy and interest rates.
Key themes to watch
- Peace premium: Markets appear to be pricing in a potential Iran ceasefire, supporting recent equity gains.
- Consumer strength: US retail sales will test whether spending momentum is holding up.
- Fed signals: Commentary from Kevin Warsh and the Fed’s policy report may shape expectations for rates.
- Business activity: PMI readings in Australia and the US provide a timely snapshot of economic momentum.
Check back next week for the latest investor calendar, only on Switzer.
