Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

April 5-11, 2025 – Currency Thoughts


Next Week’s Menu: April 5-11, 2025

April 4, 2025

Central Banks: Interest rates will be reviewed in Israel, India, Serbia, Peru, Romania, New Zealand and the Philippines. Minutes from the last Federal Open Market Committee meeting will be published. Schnabel of the ECB, Goolsbee of the Fed, Breeden of the Bank of England and Bullock of the Reserve Bank of Australia speak publicly.

Special Events: The across-the-board 10% U.S. tariff becomes effective on April 5, while reciprocal tariffs start on April 9. New Zealand and Australia return to standard time on Sunday by turning their clocks back one hour. A meeting of the Eurogroup is scheduled for the end of the period.

Scheduled U.S. Data Releases: Consumer prices, producer prices, the NFIB small business sentiment index, consumer credit, and the U. Michigan/Reuters index of consumer sentiment. Weekly jobless insurance claims, mortgage applications, chain store sales, and energy inventories.

Euroland Releases: Retail sales, house prices and Sentix gauge of investor sentiment.

Members of the Euro Area: German, Italian, Irish, Slovakian, Finnish, Austrian and Irish industrial production. German, Finnish, French, and Latvian current accounts. German, Dutch, Estonian, Lithuanian, Portuguese, Irish and Spanish consumer prices. French, Latvian, Estonian, Slovakian, Finnish, Austrian, Cypriot, and Portuguese trade balances. German and Spanish indices of leading economic indicators. Lithuanian PPI, Austrian wholesale prices, Slovakian retail sales, and Irish construction purchasing managers survey.

U.K. and Switzerland: British GDP, industrial production, construction output, RICS house price balance index, trade balance, same-store sales, and Halifax house price index. Swiss consumer sentiment.

Eastern Europe: Romanian, Hungarian, and Bulgarian retail sales. Romanian, Czech, Russian and Hungarian consumer prices. Romanian and Czech trade balances. Polish and Russian current accounts. Czech, Romanian and Bulgarian industrial production. Russian and Romanian GDP.

Nordic Europe: Danish, Norwegian and Swedish consumer prices. Danish industrial production and Norwegian producer prices.

Japanese and Chinese Releases: Japanese PPI, machine tool orders, money growth, bank lending, average cash earnings, economy watchers index, consumer confidence, and current account. Chinese reserves, CPI, PPI, money growth and foreign direct investment.

Other Asia: South Iorean current account and unemployment. Malaysian and Indian industrial production. Malaysian unemployment and Indian CPI.

Australian and New Zealand Releases: Australian business confidence, business conditions, and consumer confidence. New Zealand manufacturing PMI.

Turkey and South Africa: Turkish retail sales and industrial production. South African manufacturing output.

Canada, Brazil and Mexico: Canadian building permits and IVEY-PMI survey. Brazilian PPI, trade balance and retail sales. Mexican and Brazilian consumer prices. Mexican industrial production.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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