The European stock markets, after remaining closed last Good Friday and tomorrow Easter Monday, return to the activity on Tuesday immersed in the uncertainty generated by a tariff war that can lead to the recession, and after a new decrease in interest rates by the ECB.
Monday 21will begin the week in Europe with the second annual conference of the International Monetary Fund (IMF) and the International Organization for Securities Commissions (OICV), and the celebration of French debt auction at 3.6, and 12 months.
On Tuesday 22the bags will operate again after remaining closed since last Thursday when the decision of the European Central Bank (ECB) was known to lower their interest rate to bank deposits by 25 basic points, to 2.25 %, seventh cut in this bearish cycle.
That day, the interest will be put in the perspectives of the World Economy of the International Monetary Fund (IMF), the confidence of the consumer in the euro zone and the commercial balance of Spain in February. And Spanish letters will be held at 3 months, and German public debt at 2 years.
Wednesday 23In the United Kingdom, net loans will be known to the March Public Sector, the Manufacturing, Compound and Services PMI in the Eurozone, France and Germany, and will be held in the latter country a new auction of public debt at 10 years.
According to the Big Borja de Castro analyst, it is of special relevance taking into account the tariff policy of the US president, Donald Trump, PMI’s data because it is an economic indicator that reflects the current and future conditions of business.
The vehicle registration data in the United Kingdom, Italy, Germany and France will arrive Thursday 24when the confidence of the French consumer of April will also be published; the Producer Index (IPP) of March of March; the German business confidence IFO index this month; and 20 -year debt auction will be held.
Regarding the IFO index, from Castro, after highlighting that it is an indicator that is closely linked to the recession and industrial production, it has advanced that it is expected to “decay”
The stock market will conclude in Europe with March retail sales in the United Kingdom and the April France Business Survey
In the business field, they will highlight the results of FCC, Alfa, Ebro Foods and Income4, Wednesday; on Thursday those of Thales, Nokia, Renault and Michelin, in France, among others; as well as those of Indra, Pharmamar, Tubacex, Cox and Catalana Occidente, in Spain.
On Friday The results of the Mapfre insurer will be published in Spain.
USA
In the US, the week begins with the celebration of public debt auction at 3 and 6 months, and a day later the Red Book index of retail sales, as well as the Richmond manufacturing index and will be held public debt auction at 2 years.
On Wednesday 23, the 30 -year mortgage interest rates of the MBA, the construction permits of March, the PMI of April, the sales of new housing in March, the Beige book and a 5 -year public debt auction will be published.
A day later, investors will pay attention to the renovations of unemployment subsidies, requests for lasting goods and those that exclude defense, as well as average unemployment applications of 4 weeks.
In addition, sales of second -hand housing will be known, the index composed of the Fed of Kansas City of April and there will be a debt auction at 4 weeks and 7 years, and of bonds to 8 weeks.
The confidence of the consumer of the University of Michigan of this month will arrive on Friday, the day on which the number of oil platforms Baker Hughes will also be published.
Among the US business results, the publication of Tesla, Tuesday; to which those of Boeing and Volvo will be added on Wednesday; and those of Amazon, on Thursday, among others.
Asia-Pacific
In the Asia-Pacific region, the week will begin with the meeting on interest rates of the Popular Bank of China (PBOC). Two days later, on Wednesday, in Japan and India the data of the manufacturing PMI and services composed of April will be published.
After the celebration of a 2 -year debt auction in Japan on Thursday 24, the inflation data of this country will be published on Friday.
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