Key Economic Data and Policy Meetings to Shape Market Sentiment This Week
• ECB policy meeting this week will give insights into interest rate path and Eurozone economic outlook amid cooling inflation • US to release March CPI data which will steer global market sentiment; number above expectations could prolong stock market correction • UK monthly GDP data for February eyed after economy entered technical recession in 2023-Q4 but showed signs of recovery in January • Fed meeting minutes will provide policy clues - recent strong US economic data reduces likelihood of projected 2023 rate cuts • Chinese March economic data like CPI, PPI and trade balance could bolster regional equities; RBNZ likely to keep New Zealand rate steady at 5.5%