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

April 25 – May 1, 2026 – Currency Thoughts


Next Week’s Menu: April 25 – May 1, 2026

April 24, 2026

Central Banks: A busy week for central bank watchers lies ahead, with scheduled monetary policy reviews in the United States, Japan, Euroland, U.K., Canada, Hungary, Ukraine, Thailand, Brazil, Pakistan and Kyrgyztan. The British, Canadian and Japanese meetings coincide with updated in-depth quarterly reports. Post-meeting press conferences will be held by Fed Chairman Powell, Bank of Japan Governor Ueda, Bank of Canada Governor Macklem and Bank of England Governor Bailey among others.

Holidays and Events: The first holiday of the Japanese Golden Week, Showa Day, falls on Wednesday, and many countries will be observing May Day (aka Labor Day) on Friday. This will limit the number of manufacturing purchasing manager surveys being released on May 1 to a comparatively few, including those of the United States, Canada, U.K., Japan, Ireland and Australia. A legislative session of the 14th Chinese National People’s Congress is scheduled to run on April 27-30. Palestinian local elections are scheduled for Saturday.

U.S. Data Releases: First quarter GDP and employment cost index. Monthly personal income, personal consumption expenditures, PCE price deflator, housing starts, consumer confidence, FHFA and Case Shiller house price indices, Chicago regional PMI, durable goods orders, construction spending, index of leading economic indicators, and the Dallas Fed and Richmond Fed manufacturing surveys. Weekly jobless insurance claims, mortgage applications, chain store sales, and energy inventories.

Japanese Releases: Unemployment, housing starts, construction orders, retail sales, industrial production, Tokyo consumer prices, and index of leading economic indicators.

Selected Other Asian Releases: Singaporean and Malaysian producer prices. South Korean, Hong Kong, and Filipino trade balances. South Korean, Indian, and Singaporean industrial production. Retail sales in Singapore.

Euroland Releases: GDP, unemployment, money and credit growth, economic sentiment, consumer confidence, and CPI.

Members of the Euro Area: French, Spanish, Italian, Lithuanian, Irish, Portuguese, Belgian, Dutch and Austrian GDP. German, French, Italian, Spanish, Austrian and Slovenian CPI.  German, Spanish, Croatian, Latvian, Lithuanian, and Irish retail sales. Cypriot and Croatian industrial production. Italian, French, Slovakian, Irish, Cypriot, and Austrian producer prices. German unemployment and import prices. German and Portuguese consumer confidence. Italian, Spanish and Estonian business confidence. French household spending.

U.K. and Switzerland: British distributive trades survey, shop prices and Nationwide house price index. Swiss KOF business cycle barometer.

Eastern Europe: Russian, Hungarian and Czech GDP. Russian retail sales, Bulgarian PPI and Hungary’s trade balance.

Nordic Europe: Norwegian and Swedish retail sales. Swedish GDP, consumer confidence and trade balance. Icelandic CPI.

Australia, Turkey and South Africa: Australian consumer prices, import prices, and money and credit growth. Trade balances of Turkey and South Africa. South African PPI and money and credit growth. Turkish economic sentiment.

Canada, Mexico and Brazil: Canadian and Mexican GDP. Canadian industrial production and Mexico’s trade balance. Brazilian retail sales, unemployment and PPI.

Copyright 2026, Larry Greenberg. All rights reserved.

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