Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia National Australia Bank's Business Confidence February 2 6
08:30 United Kingdom Producer Price Index - Output (MoM) March 0.2% 0.2% 0.2%
08:30 United Kingdom Retail Price Index, m/m March 0.5% 0.2%
08:30 United Kingdom Retail prices, Y/Y March 1.0% 0.9% 0.9%
08:30 United Kingdom RPI-X, Y/Y March 1.0%
08:30 United Kingdom Producer Price Index - Input (MoM) March 0.2% -0.9% 0.3%
08:30 United Kingdom Producer Price Index - Input (YoY) March -13.5% -13.0%
08:30 United Kingdom Producer Price Index - Output (YoY) March -1.8% -1.7%
08:30 United Kingdom HICP, m/m March 0.3% 0.2%
08:30 United Kingdom HICP, Y/Y March 0.0% 0.0% 0.0%
08:30 United Kingdom HICP ex EFAT, Y/Y March 1.2% 1.2% 1.0%
09:00 Eurozone Industrial production, (MoM) February -0.3% 0.3% 1.1%
09:00 Eurozone Industrial Production (YoY) February 0.4% 0.5% 1.6%
The U.S. dollar traded mixed against the most major currencies ahead of the U.S. economic data. The U.S. retail sales are expected to rise 1.1% in March, after a 0.6% drop in February.
Retail sales excluding automobiles are expected to climb 0.7% in March, after a 0.1% fall in February.
The U.S. PPI is expected to increase 0.2% in March, after a 0.5% decrease in February.
The U.S. business inventories are expected to rise 0.2% in February, after a flat reading in January.
The euro traded higher against the U.S. dollar after the better-than-expected industrial production from the Eurozone. Industrial production in the Eurozone rose 1.1% in February, exceeding expectations for a 0.3% increase, after a 0.3% drop in January. January's figure was revised down from a 0.1% decline.
On a yearly basis, Eurozone's industrial production gained 1.6% in February, beating forecasts of a 0.5% rise, after a 0.4% increase in January. January's figure was revised down from a 1.2 gain.
Concerns over Greece's debt problems continue to weigh on the euro.
The British pound traded mixed against the U.S. dollar after mixed economic data from the U.K. The U.K. consumer price index remained at zero in March, in line with expectations.
Consumer price inflation excluding food, energy, alcohol and tobacco prices fell to 1.0% in March from 1.2% the month before. Analysts had expected the index to remain unchanged at 1.2%.
The Retail Prices Index declined to 0.9% in March from 1.0% in February, in line with expectations.
The consumer price inflation is below the Bank of England's 2% target.
EUR/USD: the currency pair increased to $1.0580
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair rose to Y120.11
The most important news that are expected (GMT0):
12:30 U.S. Retail sales March -0.6% 1.1%
12:30 U.S. Retail sales excluding auto March -0.1% 0.7%
12:30 U.S. PPI, m/m March -0.5% 0.2%
12:30 U.S. PPI, y/y March -0.6%
12:30 U.S. PPI excluding food and energy, m/m March -0.5% 0.1%
12:30 U.S. PPI excluding food and energy, Y/Y March 1.0%
14:00 U.S. Business inventories February 0.0% 0.2%