GDP data from the UK, the US and Canada; US Consumer Confidence, Unemployment Claims and Manufacturing PMI; Rate decision in the US, Japan and New Zealand. These are the major events lined up for this week. Join us as we explore the market movers for this week.
Last week, US data ran below expectations, with a 1,000 rise in the number of jobless claims, reaching 295,000, while analysts expected claims to fall to 288,000. The four- week moving average climbed to 284,500. However, despite the rise in jobless claims, they stayed below 300,000 for the seventh consecutive week. Another disappointing release came from the housing market where new U.S. single-family home sales recorded their sharpest fall in more than 1.5 years, down 11.4% to 481,000 units in March. Analysts expected sales to reach 513,000. Was this a temporary setback for the US?
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