{"id":38904,"date":"2021-04-19T07:56:56","date_gmt":"2021-04-19T07:56:56","guid":{"rendered":"https:\/\/errante.com\/newsroom\/the-week-ahead-19th-23rd-april-2021\/"},"modified":"2021-04-19T07:56:56","modified_gmt":"2021-04-19T07:56:56","slug":"the-week-ahead-19th-23rd-april-2021","status":"publish","type":"post","link":"https:\/\/errante.com\/ja\/newsroom\/the-week-ahead-19th-23rd-april-2021\/","title":{"rendered":"The Week Ahead: 19th \u2013 23rd April 2021"},"content":{"rendered":"\n

Overview for the Week Ahead<\/strong><\/h2>\n\n\n\n

This week is much quieter in comparison to last week in terms of economic news and releases, but a lot of household big names release their Q1 earnings. <\/p>\n\n\n\n

We expect this week earnings from dozens of big names including Coca-Cola, Johnson & Johnson, United Airlines and Netflix to name some. Investors will also pay close attention to some key economic and housing data in the back half of the week. <\/p>\n\n\n\n

This as the S&P 500 and Dow Jones Industrial Average kick off the week at record highs, while the Nasdaq Composite sits just shy of its own record high. <\/p>\n\n\n\n

On Friday, prelim private sector PMI figures for April wrap things up. The services PMI will have the greatest impact on the markets. <\/p>\n\n\n\n

German wholesale inflation figures for March are due out on Tuesday. Increased market sensitivity to inflation will give the numbers greater attention than usual. <\/p>\n\n\n\n

The focus will then shift to prelim April private sector PMIs for France, Germany, and the Eurozone on Friday. <\/p>\n\n\n\n

On the monetary policy front, the ECB will also deliver its first monetary policy decision of the quarter on Thursday. <\/p>\n\n\n\n

It\u2019s a busy week for the UK.  In the first half of the week, employment, wages, and inflation figures will be in focus. <\/p>\n\n\n\n

Expect March claimant counts and annual rate of inflation to be the key drivers. <\/p>\n\n\n\n

The focus will then shift to March retail sales and prelim private sector PMIs for April on Friday. <\/p>\n\n\n\n

Expect the retail sales and services PMI figures to be the key drivers at the end of the week. <\/p>\n\n\n\n

On the monetary policy front, BoE Gov. Bailey is scheduled to speak on Wednesday. Expect any views on the economic outlook or monetary policy to influence. <\/p>\n\n\n\n

For Canada, the BOC will release its monetary policy report on Wednesday which could affect CAD crosses. <\/p>\n\n\n\n

In other news, the United States and Japan may soon have an improved joint plan to counter China’s influence. President Joe Biden chose Yoshihide Suga, the Japanese prime minister, as his first in-person meeting with a world leader on Friday. It\u2019s still politically thorny for America to rejoin the reconfigured Trans-Pacific Partnership trade pact.  <\/p>\n\n\n\n

China\u2019s central bank is now calling bitcoin an \u201cinvestment alternative<\/a>\u201d \u2014 marking a significant shift in Beijing\u2019s tone after a crackdown on cryptocurrency issuance and trading nearly four years ago. <\/p>\n\n\n\n

Industry insiders called the comments \u201cprogressive\u201d and are watching closely for any regulatory changes made by the People\u2019s Bank of China (PBOC). <\/p>\n\n\n\n

 \u201cWe regard Bitcoin<\/a> and stablecoin as crypto assets … These are investment alternatives,\u201d Li Bo, deputy governor of the PBOC, said on Sunday during a panel hosted by CNBC at the Boao Forum for Asia. <\/p>\n\n\n\n

\u201cThey are not currency per se. And so, the main role we see for crypto assets going forward, the main role is investment alternative.\u201d <\/p>\n\n\n\n

With Errante, you can\u00a0trade the major Cryptos<\/a>\u00a0using your trading account 24\/7 \u2013 no virtual wallets\u00a0required.\u00a0<\/p>\n\n\n\n

This Week\u2019s High Impact Events<\/strong> <\/h3>\n\n\n\n

The times below are GMT+3.<\/p>\n\n\n\n

Monda<\/strong>y<\/strong> <\/strong>1<\/strong>9<\/strong>th<\/sup><\/strong> April<\/strong> <\/p>\n\n\n\n