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

March 29 – April 4, 2025 – Currency Thoughts


Next Week’s Menu: March 29 – April 4, 2025

March 28, 2025

Central Banks: Monetary policy reviews are scheduled in Colombia, Australia, Poland and the Philippines. The Bank of Japan’s Tankan quarterly survey of corporate conditions and expectations and minutes from the last policy meetings at the European Central Bank and the Bank of Russia will be published.

Holidays and Special Events: Eid al-fitr, which marks the end of the Islamic period of Ramadan, begins Saturday night. Europeans moved to daylight savings time on March 30 by moving their clocks forward one hour. The effective date of many planned reciprocal tariff hikes, dubbed by President Trump as Liberation Day falls on Wednesday.

Purchasing Manager Surveys: A slew of PMI surveys for many countries and covering manufacturing, services and construction will be reported during the week.

Other Scheduled U.S. Data Releases: Labor situation (including unemployment, jobs growth, and average hourly earnings), factory orders, Chicago regional PMI, Dallas Fed manufacturing survey, RCM/TIPP optimism index, JOLTS data of job openings, hires and quits, construction spending, motor vehicle sales, and ADP estimate of private sector jobs. Weekly jobless insurance claims, chain store sales, energy inventories and mortgage applications.

Euroland Releases: Consumer prices and unemployment.

Members of the Euro Area: German, Italian, Dutch, and Cypriot retail sales. German, Italian, and Slovenian consumer prices. French, Spanish, Croatian, and Portuguese industrial production. German factory orders and import prices. Italian, Austrian and Irish unemployment. Cypriot producer prices, Slovenian trade balance and the Austrian and Spanish current accounts.

U.K. and Switzerland: British shop prices, car sales, Nationwide house price index, money growth, mortgage approvals and consumer credit. Swiss retail sales and unemployment.

Eastern and Nordic Europe: Danish and Czech GDP. Russian and Czech retail sales. Hungarian and Romanian producer prices. Russian business sentiment and unemployment.

Japanese Releases: Industrial production, retail sales, household spending, unemployment, housing starts, monetary base and construction orders.

Other Asia: South Korean, Singaporean and Hong Kong retail sales. South Korean and Thai trade balances. South Korean industrial production and China’s current account.

Australia and New Zealand: Australian and New Zealand building permits. Australian money and credit growth, trade balance and retail sales. New Zealand business confidence.

Canada, Mexico and Brazil: Canadian unemployment, jobs growth and average wage earnings. Mexican consumer sentiment and business confidence. Brazilian trade balance and industrial production.

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




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