Guide to today’s important data and events

Lot of economic dockets today. Focus is on inflation statistics from Europe and UK and retail sales details from US.

Data released so far -

• Australia - National Australian Bank's business confidence improved in March to 3 from 0 and business conditions improved to 6 from prior 2.

• New Zealand - REINZ house price index grew 6.7% m/m in March.

• Germany - Wholesale price index grew in March at 1% m/m, still down 1.1% from a year ago.

• Spain - Consumer price index dropped -0.7% in March y/y. HICP came at -0.8% y/y in March. Inflation is positive on a monthly basis. HICP grew 2% in March m/m.

Upcoming -

• Italy - Italy will release its inflation statistics around 8:00 GMT. Bond market is expected to get impacted, whereas reaction from Euro would be mull.
  
  
• UK - vital dockets from UK to be released today. Producer price index (PPI), Retail price index (RPI) and DCLG House price index (HPI), Consumer price index (CPI) all scheduled for release at 8:30 GMT. Lower inflation would push pound towards lower support region.

• Euro zone - Industrial production statistics to be released at 9:00 GMT.

• US - Producer price index to be released along with retail sales around 12:30 GMT, followed by Redbook index at 12:55 GMT and NFIB business optimism index 13:00 GMT. Details of Business Inventories will be released at 14:00 GMT.

• New Zealand - Food price index will be released at 21:45 GMT.

• Auctions - US will be auctioning 1 month bills at 15:30 GMT.