Economic calendar: CPI data from Europe and PCE data from the US

• European indices open flat
• March CPI readings from France, Italy, Poland and the Eurozone
• Personal consumption expenditures inflation for the month of February from the United States

Today’s European index futures point to a fairly flat open for the monetary session on the Old Continent. This follows upbeat trading on Wall Street yesterday and Asia today. Safe-haven currencies such as the Japanese yen or the Swiss franc are falling, with sterling and antipodean currencies leading gains among their G10 peers. Cryptocurrencies are trading higher while energy commodities are falling slightly.

Today’s economic calendar has some noteworthy releases. Traders will be shown CPI readings for March from France, Poland and Italy, as well as a reading for the Eurozone as a whole. US February PCE inflation data will be released in the early afternoon along with US personal income and spending data. UoM Consumer Confidence Index adjusted for today’s calendar releases set for March. However, traders will also receive comments from ECB President Lagarde and 3 Fed members in the evening, so EUR/USD may see some volatility at that time.

7:45AM GMT – France, CPI inflation for March. Expected: 5.5% annually. The former: 6.3% annually

8:55 AM GMT – Germany, unemployment rate for March. Expected: 5.5%. Previous: 5.5%

9am GMT – Poland, CPI inflation for March. Expected: 15.9% annually. Previous: 18.4% YoY

10am GMT – Italy, CPI inflation for March. Expected: 8.2% annually. The former: 9.1% annually

10am GMT – Eurozone CPI inflation for March.

• Title. Expected: 7.1% annually. The former: 8.5% annually
• nucleus. Expected: 5.7% annually. Previous: 5.6% YoY

1.30pm GMT – US data packet for February.

• PCE address. Expected: 5.1% annually. Previous: 5.4% YoY
• Basic PCE. Expected: 4.7% annually. Previous: 4.7% YoY
• personal gain. Expected: 0.2% mom. Previous: 0.6% per month
• personal spending. Expected: 0.3% mom. Previous: 1.8% per month

2.45pm GMT – US, Chicago PMI for March. Expected: 43.5. Ex: 43.6

3pm GMT – US University of Michigan Index for March (Final). First release: 63.4

Central Bank Governors Speeches

• 4.00pm GMT – ECB President Lagarde
• 8.05pm GMT – Fede Williams
• 9pm GMT – Fed Waller
• 10.45pm GMT – Fed Cook

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