This week, the markets are preparing for a number of important economic data that will affect the direction of many central banks in the coming period, in addition to the meetings of central banks in many countries are reviewed together as follows:
Australian Interest Rate Decision:
The Australian Reserve bank is expected to keep interest rates unchanged at 1.50% as challenges to economic growth continue. The decision is accompanied by monetary policy statement, as the markets will look closely at the statement to determine the direction of the bank in the coming period.
US Interest Rate Decision:
On Wednesday, the US Federal Reserve will announce its decisions after raising interest rates by 25 basis points to 1.75 percent. It is expected that the interest rate will be kept unchanged to see the repercussions of these recent decisions on the markets before making any new decisions.
Main sectors in the UK:
The manufacturing sector is expected to fall to 54.9 points, while the construction sector is expected to rebound on Wednesday after a deflation in March. As for the service sector, which represents the largest sector of GDP, it could rise to 53.5 points next Thursday.
New Zealand Employment Data:
On Wednesday evening, markets are looking for labor market data in New Zealand to determine the direction of the bank in the coming period. Unemployment rates are expected to stabilize in the first quarter of the year at 4.5% and employment change rates will rise by 0.6%.
US Employment Data:
Finally on Friday, the markets are preparing for US labor market data in April, which will be a strong factor for deciding to raise rates again in June meeting if it comes better than expected. Most forecasts suggest a 0.2% rise in wages and a 4.0% decline in unemployment, with the sector adding 185,000 jobs.
