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HomeNewsWeekly newsKey Events on the Radar: US/Canada GDP, Good Friday holiday in Focus.

Key Events on the Radar: US/Canada GDP, Good Friday holiday in Focus.

Key Events are US/Canada GDP and light week ahead shortened by the US Good Friday holiday.

Monday – March 25

BOJ Meeting Minutes

The Bank of Japan raised its key short-term interest rate to 0% to 0.1% on March 19, ending eight years of negative rates and reshaping market expectations, as per the meeting minutes.

Tuesday – March 26

US FHFA house price index

The US FHFA house price index rose from 417.43 points in November 2023 to 417.85 points in December, with data for January awaited.

US durable goods orders fell 6.1% in January, following a 0.3% decrease in December. February figures will be released soon.

  • US Consumer Confidence.
  • Bank of Canada Senior Deputy Governor Carolyn Rogers speaks in Halifax
  • Earnings: McCormick & Co

Wednesday – March 27

Euro Area consumer confidence increased by 0.6 points to -15.5 from -14.9 last month, with the final reading set to be released.

  • Australia Monthly CPI
  • Fed’s Waller.

Earnings: Carnival Corp, Cintas, Paychex

Thursday – March 28

US GDP Investors are closely monitoring the quarterly US GDP data due on March 28. The economy grew 3.2% in the October-December quarter of 2023, compared to the previous estimate of 3.3 percent. The full year growth for 2023 is expected to be 2.5 percent, compared to the previous year’s 1.9%.

The UK’s GDP contracted by 0.3% in Q4 2023, following a 0.1% decline in Q3. The final Q4 GDP growth rate is yet to be determined.

US Initial Jobless Claims: The US unemployment rate decreased by 1,000 to 209,000 in the week ending March 8, with the numbers for the week ending March 16 yet to be announced.

  • BoJ Summary of Opinions
  • Australia Retail Sales
  • 8:30 a.m. Canada Monthly Real gross domestic product (GDP) (January)
  • 10:00 a.m. University of Michigan Consumer Sentiment Index (Mar)
  • Earnings: BRP Inc, Walgreens Boots

Friday – March 29

  • Good Friday holiday
  • Japan Jobs data
  • Tokyo CPI
  • Japan Industrial Production and Retail Sales
  • US PCE
  • Fed Chair Powell.

India’s Foreign Exchange Reserves rose to $636.100 billion in March from $619.070 billion the previous week, with the numbers for week ending March 15 to be released.

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