20/04/2015- Last week’s markets and economic data expected in the week ahead
Economic data released last week was very mixed. On the positive side, Eurozone industrial production in February posted its strongest monthly increase for 10 months, whilst Eurozone deflation eased to -0.1% in March (from -0.3% in February), and US retail sales in March recorded their first increase for 4 months after an unseasonably cold winter. On the negative side, US industrial production fell in March whilst Chinese industrial production rose at its slowest pace since 2008, alongside Chinese retail sales which rose at their slowest pace since 2006.
Stock markets largely posted a week of negative performance. The FTSE 100 index fell by 1.34% over the course of the week; the S&P 500 index fell by 0.99%; the Dax index fell by 5.54%; whilst the Nikkei index fell by 1.43%. In sovereign bond markets, the UK 10-year Gilt yield is currently at 1.71%, the US 10-year Treasury yield is at 1.89% and the German 10-year Bund yield is at an incredibly low 0.08%.
Economic data due for release this week is both limited and focused on Europe, with purchasing managers’ indices for the Manufacturing and Services sectors likely to be the highlight.
Germany – ZEW economic sentiment survey
UK – Retail sales
Eurozone – Manufacturing PMI
Eurozone – Services PMI
Germany – IFO business climate survey
US – Durable goods orders
If you have read the latest economic data and have an interest in getting involved in investing in markets for the first time, please contact us where we would be able to help you choose the most appropriate investment fund from our top investments and how to assess the potential investment risks of each.